Guideline Value for Block 27 Stoney Bridge huts

Block 27 Stoney Bridge huts guideline value

The current guideline value for Block 27 Stoney Bridge huts is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward B village and falls under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 27 Stoney Bridge huts has changed

The guideline value for Block 27 Stoney Bridge huts has seen significant changes over the years. The earliest recorded figure is from 2003, where it was Rs 155 per sq.ft. This increased to Rs 250 per sq.ft in 2007, then rose to Rs 400 per sq.ft in 2012. However, between 2012 and 2017, there was a decrease to Rs 335 per sq.ft. The value then surged to Rs 700 per sq.ft in 2023, and the most recent revision in 2024 has set the guideline value at Rs 770 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 397%. It is important to note that there is no figure available for the year 2002 for this street in the register.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO with 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. The guideline value for Block 27 Stoney Bridge huts is below this median.

• Block 27 Periyar Nagar: Rs 2,200 per sq.ft (2024)
• Block 27 Muthukumarasamy Road: Rs 1,100 per sq.ft (2024)
• Block 28 Dhanakodi Layout: Rs 771 per sq.ft (2024)
• Block 28 Gramadai 1 to 5: Rs 771 per sq.ft (2024)
• Block 27 K.A.S.Anna Nagar: Rs 770 per sq.ft (2024)
• Block 27 Goodshed Guts: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 27 Stoney Bridge huts

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to 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 further assistance.

Which Sub Registrar Office covers Block 27 Stoney Bridge huts?

The Sub Registrar Office that covers Block 27 Stoney Bridge huts 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 in property transactions in Ward B, as it determines the minimum value at which properties can be registered. When a buyer or seller engages in a transaction, the guideline value is used to calculate the stamp duty and registration fees applicable to the property.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations. This value helps in standardizing property transactions, providing a reference point for both parties involved in the sale.

Frequently asked questions

What is the current guideline value for Block 27 Stoney Bridge huts?

The current guideline value for Block 27 Stoney Bridge huts is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 155 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, reflecting an increase of 397% over the years.

What is the registration office for Block 27 Stoney Bridge huts?

The registration office for Block 27 Stoney Bridge huts is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate the fees using the stamp duty and registration fee calculator.