Guideline Value for Block 21 Chenniappa Street

Block 21 Chenniappa Street guideline value

The current guideline value of Block 21 Chenniappa Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 21 Chenniappa Street has changed

The guideline value for Block 21 Chenniappa Street has seen several revisions over the years. In 2002, the value was Rs 275 per sq.ft, which increased to Rs 309 per sq.ft in 2003, marking a 12% rise. The value further increased to Rs 400 per sq.ft in 2007, reflecting a 29% change. The 2012 revision set the value at Rs 1,000 per sq.ft, showing a significant increase of 150% from the previous revision. However, in 2017, the value dropped to Rs 670 per sq.ft, indicating a decrease of 33%.

In 2023, the guideline value rose to Rs 1,000 per sq.ft, and then it increased by 10% to reach the current value of Rs 1,100 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 300%. There are no figures available for the years not mentioned in this register for Block 21 Chenniappa Street.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the 2024 figure for Block 21 Chenniappa Street.

• Block 21 Marappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Block 20 S.K.C.Road: Rs 825 per sq.ft (2024)
• Block 20 N.G.G.O.Colony Street 1 to 8: Rs 825 per sq.ft (2024)
• Block 22 Awaiyar Street: Rs 771 per sq.ft (2024)
• Block 20 Marappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Block 22 Deva street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 21 Chenniappa Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, together totaling Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 21 Chenniappa Street?

The Sub Registrar Office that covers Block 21 Chenniappa Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ward B

The guideline value is a crucial factor in the registration process of property transactions in Ward B. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency in transactions and helps in maintaining a fair assessment of property values in the area.

Frequently asked questions

What is the current guideline value of Block 21 Chenniappa Street?

The current guideline value of Block 21 Chenniappa Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 275 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 300% over this period.

What is the land classification for Block 21 Chenniappa Street?

Block 21 Chenniappa Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in Block 21 Chenniappa Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Block 21 Chenniappa Street located?

The Sub Registrar Office for Block 21 Chenniappa Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.