Guideline Value for Block 25 Sengundhar Street

Block 25 Sengundhar Street guideline value

The current guideline value of Block 25 Sengundhar Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Block 25 Sengundhar Street has changed

The guideline value for Block 25 Sengundhar Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 480 per sq.ft. This increased to Rs 538 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 750 per sq.ft in 2007, an increase of +39%. In 2012, the guideline value was Rs 1,250 per sq.ft, reflecting a significant increase of +67%. However, it decreased to Rs 837 per sq.ft in 2017, showing a decline of -33%. The value then climbed to Rs 1,250 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 1,375 per sq.ft, a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +186%. There are no figures available for revisions in years other than those mentioned.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 25 Sengundhar Street aligns with this median.

• Block 25 Sathi (or) Veerapathira Road: Rs 2,750 per sq.ft (2024)
• Block 25 North Easwaran Kovil Street: Rs 1,650 per sq.ft (2024)
• Block 25 West Easwaran Kovil Street: Rs 1,650 per sq.ft (2024)
• Block 25 West Perumal Kovil Street: Rs 1,650 per sq.ft (2024)
• Block 25 Muniappan Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 26 Akilmedu Street Part 2: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Sengundhar 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, bringing the total cost for these fees to Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block 25 Sengundhar Street?

The Sub Registrar Office that covers Block 25 Sengundhar 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 C

The guideline value is a crucial factor during the registration process when buying or selling property in Ward C. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the fees are calculated fairly based on the property's assessed value, whether it is the guideline value or the actual sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Block 25 Sengundhar Street?

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

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 480 per sq.ft to Rs 1,375 per sq.ft in 2024, marking an overall increase of +186%.

What is the land classification of Block 25 Sengundhar Street?

Block 25 Sengundhar Street is classified as Residential Class I Type - III.

Where can I find the registration office for this area?

The registration office for Block 25 Sengundhar Street 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, a 1,000 sq.ft plot at the current guideline value results in total fees of Rs 1,23,750.