Guideline Value for Block 26 Santhankarukku Street

Block 26 Santhankarukku Street guideline value

The current guideline value of Block 26 Santhankarukku Street is Rs 771 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 - III.

How the guideline value of Block 26 Santhankarukku Street has changed

The guideline value for Block 26 Santhankarukku Street has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 600 per sq.ft. This value changed to Rs 402 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 700 per sq.ft, which is a rise of 74%. The most recent revision in 2024 set the guideline value at Rs 771 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 29%.

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 a median value of Rs 1,100 per sq.ft. Block 26 Santhankarukku Street's 2024 figure is below this median.

• Block 26 S.K.Chenniappa Gounder Street: Rs 825 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 26 Giramadai: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 26 Santhankarukku Street

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total to Rs 69,390. 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 information.

Which Sub Registrar Office covers Block 26 Santhankarukku Street?

The Sub Registrar Office that covers Block 26 Santhankarukku 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 details.

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

The guideline value is a crucial factor during property registration in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair value, reflecting the current market conditions as per the official register. This process is essential for maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value for Block 26 Santhankarukku Street?

The current guideline value for Block 26 Santhankarukku Street is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 771 per sq.ft in 2024, with various increases and one decrease in between.

What is the land classification of Block 26 Santhankarukku Street?

Block 26 Santhankarukku Street is classified as Residential Class II Type - III.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for Block 26 Santhankarukku Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in Ward B?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 7,71,000, the stamp duty at 7% would be Rs 53,970.