Guideline Value for Block 26 Sathankaruku 1 2 3

Block 26 Sathankaruku 1 2 3 guideline value

The current guideline value of Block 26 Sathankaruku 1 2 3 is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward E village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 26 Sathankaruku 1 2 3 has changed

The guideline value of Block 26 Sathankaruku 1 2 3 has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 252 per sq.ft. It increased to Rs 400 per sq.ft in 2007, then to Rs 500 per sq.ft in 2012, followed by a decrease to Rs 335 per sq.ft in 2017. The value rose significantly to Rs 700 per sq.ft in 2023 and has now reached Rs 771 per sq.ft in the 2024 revision. Notably, the register has no figure for this street in 2002.

From 2003 to 2024, the overall change in guideline value is +206%. The most significant increase occurred between 2017 and 2023, with a rise of +109%. The changes between other revisions include a decrease of -33% from 2012 to 2017, an increase of +25% from 2007 to 2012, and an increase of +59% from 2003 to 2007.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 figure, ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Block 26 Sathankaruku 1 2 3 below that median.

• Block 26 Poondhurai Road: Rs 1,100 per sq.ft (2024)
• Block 26 Perumpallam Huts: Rs 825 per sq.ft (2024)
• Block 26 Muthu Kumarasamy Street: Rs 1,100 per sq.ft (2024)
• Block 27 Mettur Road (or) E.V. Nanjappa Road: Rs 1,650 per sq.ft (2024)
• Block 27 Periyar Nagar: Rs 2,200 per sq.ft (2024)
• Block 27 Poondhurai Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 26 Sathankaruku 1 2 3

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, leading to a total of Rs 69,390. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 26 Sathankaruku 1 2 3?

The Sub Registrar Office that covers Block 26 Sathankaruku 1 2 3 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 more information.

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

The guideline value is a crucial factor when registering a property in Ward E. It determines the minimum value at which a property can be registered, influencing the stamp duty and registration fees that need to be paid. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value acts as a benchmark for taxation purposes. If the sale price exceeds the guideline value, the higher amount will be considered for calculating the stamp duty and registration fees, ensuring that all transactions are appropriately documented and taxed.

Frequently asked questions

What is the current guideline value of Block 26 Sathankaruku 1 2 3?

The current guideline value of Block 26 Sathankaruku 1 2 3 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 252 per sq.ft in 2003 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +206% over this period.

What is the registration office for Block 26 Sathankaruku 1 2 3?

The registration office for Block 26 Sathankaruku 1 2 3 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What are the stamp duty rates applicable?

The stamp duty for properties in Block 26 Sathankaruku 1 2 3 is charged at 7% of the guideline value or the sale price, whichever is higher.

How can I calculate the registration fees?

The registration fee is calculated at 2% of the guideline value. For more accurate calculations, you can use the stamp duty and registration fee calculator.