Guideline Value for Block 28 Chokkalingam Road

Block 28 Chokkalingam Road guideline value

The current guideline value for Block 28 Chokkalingam Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Block 28 Chokkalingam Road has changed

The guideline value for Block 28 Chokkalingam Road has undergone several revisions over the years. In 2002, the value was Rs 349 per sq.ft, which increased to Rs 392 per sq.ft in 2003, marking a 12% rise. The value then saw a significant increase to Rs 600 per sq.ft in 2007, representing a 53% change. Following this, the value reached Rs 1,000 per sq.ft in 2012, reflecting a 67% increase from the previous revision. However, it decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft, indicating a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 215%. There are no revisions with figures missing for this street.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 28 Chokkalingam Road is above this median.

• Block 28 Agrahara Street: Rs 1,100 per sq.ft (2024)
• Block 27 V.V.C.R. Murugesa Mudhaliar Nagar: Rs 771 per sq.ft (2024)
• Block 28 Jayaram Lane: Rs 770 per sq.ft (2024)
• Block 27 Valaiyakara Street: Rs 771 per sq.ft (2024)
• Block 28 Kamatchikadu (Street): Rs 770 per sq.ft (2024)
• Block 28 Kuppipalayam Road: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 28 Chokkalingam Road

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 together 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block 28 Chokkalingam Road?

The Sub Registrar Office that covers Block 28 Chokkalingam Road 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 D

The guideline value is a critical factor in the registration of property transactions in Ward D. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be considered for calculating the applicable charges.

When engaging in property transactions, it is essential to refer to the latest guideline value to ensure compliance with local regulations. This value is updated periodically, and staying informed can help in understanding the financial implications of property dealings.

Frequently asked questions

What is the current guideline value for Block 28 Chokkalingam Road?

The current guideline value for Block 28 Chokkalingam Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 349 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 215% over this period.

What are the stamp duty and registration fees for property in Block 28 Chokkalingam Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000. The stamp duty at 7% is Rs 77,000, and the registration fee at 2% is Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers this area?

The Erode Joint I Sub Registrar Office covers Block 28 Chokkalingam Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 28 Chokkalingam Road?

Block 28 Chokkalingam Road is classified as Residential Class II Type - I, indicating its suitability for residential development.