Guideline Value for Block 22 Sengoda Street

Block 22 Sengoda Street guideline value

The current guideline value of Block 22 Sengoda Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 22 Sengoda Street has changed

The guideline value for Block 22 Sengoda Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 482 per sq.ft. This value increased to Rs 540 per sq.ft in 2003, marking a 12% rise. The following revisions saw further increases, with the value reaching Rs 750 per sq.ft in 2007, a 39% increase from the previous revision. In 2012, the value remained at Rs 1,000 per sq.ft, and then it decreased to Rs 670 per sq.ft in 2017, reflecting a 33% decline. The value saw a significant increase to Rs 1,000 per sq.ft in 2023, and finally, it rose to Rs 1,100 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 128%. The register has no figures for any other years for this street.

Guideline values in Ward C

Ward C village has a total of 250 streets under the Erode Joint I SRO, with guideline values in 2024 ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, placing Block 22 Sengoda Street's 2024 figure below that median.

• Block 22 Sengoda Lane: Rs 1,100 per sq.ft (2024)
• Block 22 Subramaniyan Street: Rs 1,375 per sq.ft (2024)
• Block 22 Nethaji Road: Rs 5,500 per sq.ft (2024)
• Block 22 Vaniyar Street (or) Kovalan Street: Rs 1,100 per sq.ft (2024)
• Block 22 Veerapathira Road: Rs 2,750 per sq.ft (2024)
• Block 22 Municipality Lane: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 22 Sengoda Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, bringing the total charges to Rs 99,000. 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 22 Sengoda Street?

The Sub Registrar Office that covers Block 22 Sengoda Street 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 C

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

When a property is sold, the guideline value is used to calculate the applicable fees. This ensures that the registration process is standardized and transparent, providing a clear framework for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Block 22 Sengoda Street?

The current guideline value of Block 22 Sengoda 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 482 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 128% over the years.

What are the other streets in Ward C with their guideline values?

Other streets in Ward C have varying guideline values, with Block 22 Subramaniyan Street at Rs 1,375 per sq.ft and Block 22 Nethaji Road at Rs 5,500 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Block 22 Sengoda 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.

Which office handles property registrations for Block 22 Sengoda Street?

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