Guideline Value for Block 24 Santhankarukku Street

Block 24 Santhankarukku Street guideline value

The current guideline value for Block 24 Santhankarukku Street is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO and falls under the Residential Class II Type - III land classification.

How the guideline value of Block 24 Santhankarukku Street has changed

The guideline value for Block 24 Santhankarukku Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. Following this, the value rose significantly to Rs 700 per sq.ft in 2023, and then further increased to Rs 771 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 29%. The revisions for the years 2002, 2003, and 2007 have no figures available for this street in the register.

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 value of Rs 1,100 per sq.ft. The guideline value for Block 24 Santhankarukku Street is below this median.

• Block 24 Rajarathinam St: Rs 770 per sq.ft (2024)
• Block 24 S.K.Chenniappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Block 24 Karuppanasamy Kovil Street: Rs 771 per sq.ft (2024)
• Block 25 E.V.Nanjappa Street: Rs 1,100 per sq.ft (2024)
• Block 25 Giramadai: Rs 770 per sq.ft (2024)
• Block 24 Giramadai: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 24 Santhankarukku Street

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total fees to Rs 69,390. Duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 24 Santhankarukku Street?

The Sub Registrar Office that covers Block 24 Santhankarukku Street 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 when registering property transactions in Ward B. It serves as a reference point for determining the stamp duty and registration fees applicable during the sale or purchase of property.

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 the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for Block 24 Santhankarukku Street?

The current guideline value for Block 24 Santhankarukku Street 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 from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 771 per sq.ft in 2024.

What is the land classification for Block 24 Santhankarukku Street?

Block 24 Santhankarukku Street is classified as Residential Class II Type - III.

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.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Block 24 Santhankarukku Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.