Guideline Value for Block 21 Sathiyamoorthy Street

Block 21 Sathiyamoorthy Street guideline value

The current guideline value of Block 21 Sathiyamoorthy Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Block 21 Sathiyamoorthy Street has changed

The guideline value for Block 21 Sathiyamoorthy Street has seen several revisions over the years. In 2002, the value was Rs 518 per sq.ft, which increased to Rs 581 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 750 per sq.ft in 2007, reflecting a +29% increase. In 2012, it was recorded at Rs 1,000 per sq.ft, showing a +33% change from the previous revision. However, it decreased to Rs 670 per sq.ft in 2017, a decline of -33%. The value increased significantly to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 set the guideline value at Rs 1,100 per sq.ft, which is a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +112%. There are no figures available for any other revisions for this street.

Guideline values in Ward D

In Ward D, the guideline values for the 2024 revision range from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. Block 21 Sathiyamoorthy Street's current guideline value is above this median.

• Block 21 Thattara Mandapa Street: Rs 1,100 per sq.ft (2024)
• Block 21 Vallaiyakara Street: Rs 1,100 per sq.ft (2024)
• Block 21 Vaniya Pillaiyar Street: Rs 825 per sq.ft (2024)
• Block 21 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 22 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 21 Anandha Narayanan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 21 Sathiyamoorthy 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 be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 21 Sathiyamoorthy Street?

The Sub Registrar Office that covers Block 21 Sathiyamoorthy 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 information.

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

The guideline value is a critical factor during the registration process of property transactions in Ward D. 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 registering a property, the guideline value is used to ensure that the fees reflect the current market conditions as set by the Registration Department. This helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value for Block 21 Sathiyamoorthy Street?

The current guideline value for Block 21 Sathiyamoorthy 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 518 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of +112% over the years.

What is the land classification for Block 21 Sathiyamoorthy Street?

Block 21 Sathiyamoorthy Street is classified under Residential Class II Type - I.

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 77,000 based on the guideline value.