Guideline Value for Block 25 Shek Dhavudh Street

Block 25 Shek Dhavudh Street guideline value

The current guideline value of Block 25 Shek Dhavudh 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 falls under the Residential Class II Type - I land classification.

How the guideline value of Block 25 Shek Dhavudh Street has changed

The guideline value for Block 25 Shek Dhavudh Street has seen several revisions over the years. The earliest recorded revision is from 2002, where the guideline value was Rs 425 per sq.ft. This value increased to Rs 481 per sq.ft in 2003, marking a 13% rise. Subsequently, in 2007, the value rose to Rs 600 per sq.ft, an increase of 25%. The 2012 revision saw a further increase to Rs 1,000 per sq.ft, which was a significant jump of 67%. However, the value dropped to Rs 670 per sq.ft in 2017, reflecting a decrease of 33%. From 2017 to 2023, the guideline value rose sharply to Rs 1,000 per sq.ft, a 49% increase, and finally, the current figure is Rs 1,100 per sq.ft as per the 2024 revision, which is a 10% increase from the previous year.

There are no figures available for revisions in years other than those specified. The overall change from 2002 to 2024 represents an increase of 159%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 25 Shek Dhavudh Street is above this median.

• Block 25 Thanga Perumal Pillai Street: Rs 825 per sq.ft (2024)
• Block 25 Poondhurai Road: Rs 1,650 per sq.ft (2024)
• Block 25 Pattakarar Street: Rs 1,100 per sq.ft (2024)
• Block 25 Old Railway Station Road: Rs 771 per sq.ft (2024)
• Block 25 Municipal Lane Huts: Rs 771 per sq.ft (2024)
• Block 25 Mosikeeranar Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Shek Dhavudh Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 25 Shek Dhavudh Street?

The Sub Registrar Office that covers Block 25 Shek Dhavudh 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 further assistance.

How the guideline value is used when you buy or sell in Ward E

The guideline value is a crucial factor in property transactions within Ward E. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value influences the stamp duty and registration fees applicable during the transaction.

When a property is sold, the transaction must be registered at the Sub Registrar Office, where the guideline value is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Block 25 Shek Dhavudh Street?

The current guideline value of Block 25 Shek Dhavudh Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 425 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 159%.

What is the land classification for Block 25 Shek Dhavudh Street?

Block 25 Shek Dhavudh Street is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Block 25 Shek Dhavudh Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.