Guideline Value for Block 23 Chithambaram Colony street

Block 23 Chithambaram Colony street guideline value

The current guideline value for Block 23 Chithambaram Colony street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Block 23 Chithambaram Colony street has changed

The guideline value for Block 23 Chithambaram Colony street has seen several revisions over the years. In 2002, the value was Rs 305 per sq.ft, which increased to Rs 345 per sq.ft in 2003, marking a 13% rise. Following this, the value rose by 16% to reach Rs 400 per sq.ft in 2007. The subsequent revision in 2012 saw a significant increase of 150%, bringing the value to Rs 1,000 per sq.ft. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft.

In the 2023 revision, the guideline value was set at Rs 1,000 per sq.ft, and it increased by 10% in 2024 to the current value of Rs 1,100 per sq.ft. Overall, from 2002 to 2024, there has been an increase of 261% in the guideline value for this street.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, making the 2024 figure for Block 23 Chithambaram Colony street above this median.

• Block 23 Asokapuri: Rs 771 per sq.ft (2024)
• Block 23 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 23 Govindharaja Street (or) Nagar: Rs 1,100 per sq.ft (2024)
• Block 23 Housing Unit (Periyar Nagar): Rs 2,200 per sq.ft (2024)
• Block 23 Kaliyankadu Huts: Rs 771 per sq.ft (2024)
• Block 23 Kulathu Palayam: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 23 Chithambaram Colony 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 amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to 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 23 Chithambaram Colony street?

The Sub Registrar Office that covers Block 23 Chithambaram Colony 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 E

The guideline value is a crucial factor during property registration in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property transaction occurs.

Frequently asked questions

What is the current guideline value for Block 23 Chithambaram Colony street?

The current guideline value for Block 23 Chithambaram Colony 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 305 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 261% over the years.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for this street located?

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

What is the land classification for Block 23 Chithambaram Colony street?

Block 23 Chithambaram Colony street is classified as Residential Class II Type - I.