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 1,100 per sq.ft, effective from 1 July 2024. This property 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 22 S.K.C.Road has changed

The guideline value for Block 22 S.K.C.Road has undergone 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 change of +12%. The value saw further increases, reaching Rs 400 per sq.ft in 2007 (+29%), then jumping to Rs 1,000 per sq.ft in 2012 (+150%). However, it decreased to Rs 670 per sq.ft in 2017, a decline of -33%. The value rose again to Rs 1,000 per sq.ft in 2023 (+49%), before reaching the current figure of Rs 1,100 per sq.ft in 2024 (+10%).

There are no figures for the revisions in the years not listed above for this street. Overall, from 2002 to 2024, the increase in guideline value is +300%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO, with guideline values 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 current guideline value of Block 22 S.K.C.Road.

• Block 22 Sri Ranga Naicker Street: Rs 771 per sq.ft (2024)
• Block 22 Thanakodi Lay Out: Rs 771 per sq.ft (2024)
• Block 22 Vela Street: Rs 825 per sq.ft (2024)
• Block 22 Mulakarai: Rs 770 per sq.ft (2024)
• Block 22 Lakhman Street: Rs 770 per sq.ft (2024)
• Block 22 Giramadai 1 to 5: Rs 770 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 1,100 per sq.ft, the guideline value amounts to 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, totaling Rs 99,000. 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 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, Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is essential during the registration of property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately for tax purposes. Buyers and sellers must be aware of this value to understand the financial implications of their property transactions.

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 1,100 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%.

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 total guideline value is Rs 11,00,000. The stamp duty at 7% is Rs 77,000, and the registration fee at 2% is Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office is responsible for Block 22 S.K.C.Road?

The Erode Joint I Sub Registrar Office is responsible for Block 22 S.K.C.Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the median guideline value in Ward B?

The median guideline value in Ward B is Rs 1,100 per sq.ft, which is the same as the current guideline value for Block 22 S.K.C.Road.