Guideline Value for Block 25 Chinnamuthu Street Main Road 1st Part

Block 25 Chinnamuthu Street Main Road 1st Part guideline value

The current guideline value for Block 25 Chinnamuthu Street Main Road 1st Part is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Ward A village, under the Erode Joint I SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Block 25 Chinnamuthu Street Main Road 1st Part has changed

The guideline value for Block 25 Chinnamuthu Street Main Road 1st Part has seen several revisions over the years. Starting from the 2002 revision, the value was set at Rs 105 per sq.ft. This increased significantly in the following years, with the 2003 revision raising it to Rs 760 per sq.ft, marking an increase of 624%. The 2007 revision saw a further increase to Rs 1,750 per sq.ft, reflecting a 130% rise. However, in the 2012 revision, the value decreased to Rs 2,500 per sq.ft, a drop of 33%. The 2017 revision then increased it to Rs 1,675 per sq.ft, which was a 49% increase from the previous figure. The 2023 revision set the guideline value at Rs 2,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,750 per sq.ft, an increase of 10%.

There are no figures available for the years between the revisions listed above for this street.

Guideline values in Ward A

In Ward A, there are 111 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 1,375 per sq.ft. The guideline value for Block 25 Chinnamuthu Street Main Road 1st Part is above this median.

• Block 25 E.V.Nanjappa Main Road: Rs 6,600 per sq.ft (2024)
• Block 24 Krishnasamy Street: Rs 1,100 per sq.ft (2024)
• Block 25 Varanavasi Street: Rs 825 per sq.ft (2024)
• Block 24 Chinnamuthu Street (Main Road) 1st Part: Rs 1,650 per sq.ft (2024)
• Block 23 Thiru V.K.Road: Rs 1,100 per sq.ft (2024)
• Block 23 Pappathi Kadu: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Chinnamuthu Street Main Road 1st Part

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 25 Chinnamuthu Street Main Road 1st Part?

The Sub Registrar Office that covers Block 25 Chinnamuthu Street Main Road 1st Part 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 A

The guideline value is a crucial factor when registering a property in Ward A. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When you buy or sell property in Ward A, understanding the guideline value helps in estimating the total cost involved in the registration process. It is advisable to check the latest guideline values to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value for Block 25 Chinnamuthu Street Main Road 1st Part?

The current guideline value for Block 25 Chinnamuthu Street Main Road 1st Part is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 105 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 2519% over the years.

What is the land classification for this property?

The land classification for Block 25 Chinnamuthu Street Main Road 1st Part is Commercial Class I Type - III.

Where can I find the registration office for this property?

The registration office for Block 25 Chinnamuthu Street Main Road 1st Part is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total cost would be Rs 2,47,500.