Guideline Value for Block 21 Chidhambaranar Street

Block 21 Chidhambaranar Street guideline value

The current guideline value of Block 21 Chidhambaranar Street is Rs 772 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Block 21 Chidhambaranar Street has changed

The guideline value for Block 21 Chidhambaranar Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 221 per sq.ft. This value increased to Rs 250 per sq.ft in 2003, marking a 13% rise. The subsequent revisions saw the value reach Rs 350 per sq.ft in 2007, a 40% increase. By 2012, the guideline value was Rs 600 per sq.ft, reflecting a significant 71% increase from the previous revision. However, it then decreased to Rs 402 per sq.ft in 2017, a drop of 33%.

In the 2023 revision, the guideline value was set at Rs 700 per sq.ft, which was a substantial 74% increase from the 2017 figure. The most recent revision in 2024 has further increased the guideline value to Rs 772 per sq.ft, a 10% rise from the previous year. There are no figures available for revisions in years not listed.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing Block 21 Chidhambaranar Street below that median.

• Block 21 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 20 Vetnari Hospital Road: Rs 2,750 per sq.ft (2024)
• Block 20 Vannara Street (Porkai Pandian Street): Rs 771 per sq.ft (2024)
• Block 21 Periyar Nagar: Rs 2,200 per sq.ft (2024)
• Block 21 Perum Pallam Odai Huts: Rs 771 per sq.ft (2024)
• Block 21 Poyyerikkarai Street: Rs 771 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 772 per sq.ft, the total guideline value would be Rs 7,72,000. The stamp duty at 7% would amount to Rs 54,040, while the registration fee at 2% would be Rs 15,440, bringing the total cost for these fees to Rs 69,480. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 21 Chidhambaranar Street?

The Sub Registrar Office that covers Block 21 Chidhambaranar Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is crucial during the registration of property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Block 21 Chidhambaranar Street is Rs 772 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 221 per sq.ft in 2002 to Rs 772 per sq.ft in 2024, reflecting a total increase of 249% over this period.

What is the stamp duty rate for properties in Block 21 Chidhambaranar Street?

The stamp duty rate for properties in Block 21 Chidhambaranar Street is 7% of the guideline value or the sale price, whichever is higher.

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

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

How can I calculate the registration fees for a property in Block 21 Chidhambaranar Street?

You can calculate the registration fees for a property in Block 21 Chidhambaranar Street using the guideline value and the applicable rates for stamp duty and registration fees. A calculator is available at stamp duty and registration fee calculator.