Guideline Value for Block 22 Thanakodi Lay Out

Block 22 Thanakodi Lay Out guideline value

The current guideline value for Block 22 Thanakodi Lay Out is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward B village, under the Erode Joint I SRO, and is classified as Residential Class II Type - III.

How the guideline value of Block 22 Thanakodi Lay Out has changed

The guideline value for Block 22 Thanakodi Lay Out has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 309 per sq.ft. It increased to Rs 400 per sq.ft in 2007, followed by a rise to Rs 600 per sq.ft in 2012. However, it then dropped to Rs 402 per sq.ft in 2017. The value surged to Rs 700 per sq.ft in 2023, and most recently, it has increased to Rs 771 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figure for this street in 2002.

In terms of percentage changes, from 2003 to 2007, the guideline value increased by 29%. Then, from 2007 to 2012, it saw a decline of 33%. The value rose by 50% from 2012 to 2017, followed by a significant increase of 74% from 2017 to 2023. Overall, from 2003 to 2024, the guideline value has increased by 150%.

Guideline values in Ward B

In Ward B, there are 170 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 of Rs 1,100 per sq.ft. The guideline value for Block 22 Thanakodi Lay Out is below this median.

• Block 22 Sri Ranga Naicker Street: Rs 771 per sq.ft (2024)
• Block 22 S.K.C.Road: Rs 1,100 per sq.ft (2024)
• Block 22 Vela Street: Rs 825 per sq.ft (2024)
• Block 23 Deva Street: Rs 770 per sq.ft (2024)
• Block 23 Giramadai 1 to 5: Rs 770 per sq.ft (2024)
• Block 22 Mulakarai: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 22 Thanakodi Lay Out

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, while the registration fee at 2% would be Rs 15,420. Together, the total cost would be Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 22 Thanakodi Lay Out?

The Sub Registrar Office that covers Block 22 Thanakodi Lay Out 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 a crucial factor in the registration process when buying or selling property in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are conducted transparently and in accordance with government regulations.

Frequently asked questions

What is the current guideline value for Block 22 Thanakodi Lay Out?

The current guideline value for Block 22 Thanakodi Lay Out is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 309 per sq.ft in 2003 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 150% over the period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970, and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which office handles property registrations for Block 22 Thanakodi Lay Out?

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

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that the correct amounts are paid based on either the guideline value or the sale price, whichever is higher.