Guideline Value for Block 25 Chella Batsha Street

Block 25 Chella Batsha Street guideline value

The current guideline value of Block 25 Chella Batsha Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Block 25 Chella Batsha Street has changed

Since its first recorded revision, the guideline value for Block 25 Chella Batsha Street has seen several changes. In 2002, the value was Rs 691 per sq.ft, which increased to Rs 775 per sq.ft in 2003, marking a 12% rise. The value continued to rise to Rs 1,000 per sq.ft in 2007, a 29% increase, and then to Rs 1,250 per sq.ft in 2012, reflecting a 25% increase. However, the value dropped to Rs 837 per sq.ft in 2017, showing a decrease of 33%. The value then surged to Rs 1,250 per sq.ft in 2023, a significant 49% increase, before reaching the current value of Rs 1,375 per sq.ft in 2024, an increase of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 99%. There are no figures available for the years not listed in the register for this street.

Guideline values in Ward D

In Ward D, the guideline values for 200 streets under the Erode Joint I SRO range from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 25 Chella Batsha Street is above this median.

• Block 25 Balusamy Street: Rs 770 per sq.ft (2024)
• Block 25 Ayyanarappan Kovil Street 1,2: Rs 1,100 per sq.ft (2024)
• Block 24 Valaiyakkara Street: Rs 1,100 per sq.ft (2024)
• Block 24 Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)
• Block 25 Keerakara Street (or) Marimuthu Street: Rs 825 per sq.ft (2024)
• Block 24 Rangasamy Lane (Street): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Chella Batsha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value amounts to Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, making the total cost Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 25 Chella Batsha Street?

The Sub Registrar Office that covers Block 25 Chella Batsha 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 D

The guideline value is crucial in the registration process when buying or selling property in Ward D. 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 registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees reflect the current market conditions as per the established guidelines.

Frequently asked questions

What is the current guideline value of Block 25 Chella Batsha Street?

The current guideline value of Block 25 Chella Batsha Street is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 691 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 99% over the years.

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

For a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250 and the registration fee would be Rs 27,500, totaling Rs 1,23,750.

Which office handles the registration for this street?

The Erode Joint I Sub Registrar Office handles the registration for Block 25 Chella Batsha Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode - 638009.

What is the land classification for Block 25 Chella Batsha Street?

Block 25 Chella Batsha Street is classified as Residential Class I Type - III, which is important for understanding its use and development potential.