Guideline Value for Block 22 S.K.C Road

Block 22 S.K.C Road guideline value

The current guideline value of Block 22 S.K.C Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class I Type - II.

How the guideline value of Block 22 S.K.C Road has changed

The guideline value for Block 22 S.K.C Road has undergone several revisions over the years. The earliest recorded value in the register is from 2002, which was Rs 556 per sq.ft. This figure increased to Rs 629 per sq.ft in 2003, showing a rise of 13%. The value then rose to Rs 750 per sq.ft in 2007, reflecting a 19% increase. In 2012, the guideline value was recorded at Rs 1,500 per sq.ft, marking a significant increase of 100% from the previous revision.

Following this, the value dropped to Rs 1,005 per sq.ft in 2017, which represented a decline of 33%. The most recent revisions show an increase to Rs 1,500 per sq.ft in 2023, followed by the current value of Rs 1,650 per sq.ft in 2024, indicating a rise of 10% from the previous year. The overall change from the 2002 revision to the 2024 revision is an increase of 197%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 22 S.K.C Road is above this median.

• Block 22 Rasa Gounder Street: Rs 825 per sq.ft (2024)
• Block 22 Rasa Gounder Lane: Rs 772 per sq.ft (2024)
• Block 22 Rasa Gounder Kadu: Rs 825 per sq.ft (2024)
• Block 22 Nallappa Gounder Street: Rs 772 per sq.ft (2024)
• Block 22 Municipal Lane: Rs 771 per sq.ft (2024)
• Block 23 Asokapuri: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 22 S.K.C Road

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 22 S.K.C Road?

The Sub Registrar Office that covers Block 22 S.K.C Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that property transactions are conducted fairly and transparently.

When buying or selling property, the guideline value must be considered, as it is used to calculate the applicable taxes and fees. Buyers should be aware of the current guideline value to ensure they are prepared for the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Block 22 S.K.C Road?

The current guideline value of Block 22 S.K.C Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 556 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 197% over this period.

What are the stamp duty and registration fees for property in Block 22 S.K.C Road?

For a 1,000 sq.ft plot, the guideline value is Rs 16,50,000, with a total stamp duty and registration fee amounting to Rs 1,48,500.

Which office handles property registrations in this area?

The Erode Joint I Sub Registrar Office handles property registrations for Block 22 S.K.C Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 22 S.K.C Road?

Block 22 S.K.C Road is classified as Residential Class I Type - II, which is relevant for determining the guideline value.