Guideline Value for Block 26 S.K.Chenniappa Gounder Street

Block 26 S.K.Chenniappa Gounder Street guideline value

The current guideline value of Block 26 S.K.Chenniappa Gounder Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO and is classified as Residential Class II Type - II.

How the guideline value of Block 26 S.K.Chenniappa Gounder Street has changed

The guideline value for Block 26 S.K.Chenniappa Gounder Street has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 750 per sq.ft in 2023, and most recently, it has risen to Rs 825 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value saw a decrease of 33%. However, from 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 the median being Rs 1,100 per sq.ft. The guideline value for Block 26 S.K.Chenniappa Gounder Street is below this median.

• Block 26 Santhankarukku Street: Rs 771 per sq.ft (2024)
• Block 27 E.V.Nanjappa Street: Rs 1,375 per sq.ft (2024)
• Block 27 Goodshed Guts: Rs 771 per sq.ft (2024)
• Block 27 K.A.S.Anna Nagar: Rs 770 per sq.ft (2024)
• Block 26 Karuppanasamy Kovil Street: Rs 771 per sq.ft (2024)
• Block 27 Muthukumarasamy Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 26 S.K.Chenniappa Gounder Street

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. Please 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 26 S.K.Chenniappa Gounder Street?

The Sub Registrar Office that covers Block 26 S.K.Chenniappa Gounder 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 during the registration of property transactions in Ward B. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value serves as a benchmark for the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are collected during the registration process.

Frequently asked questions

What is the current guideline value of Block 26 S.K.Chenniappa Gounder Street?

The current guideline value of Block 26 S.K.Chenniappa Gounder Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the land classification of Block 26 S.K.Chenniappa Gounder Street?

Block 26 S.K.Chenniappa Gounder Street is classified as Residential Class II Type - II.

Where can I find the Erode Joint I Sub Registrar Office?

The Erode Joint I Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for property transactions in Ward B?

Stamp duty for property transactions in Ward B is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.