Guideline Value for Block 28 Dhanakodi Layout

Block 28 Dhanakodi Layout guideline value

The current guideline value of Block 28 Dhanakodi Layout is Rs 771 per sq.ft, effective from 1 July 2024. This layout is located in Ward B village under the Erode Joint I SRO, classified as Residential Class II Type - III.

How the guideline value of Block 28 Dhanakodi Layout has changed

The guideline value for Block 28 Dhanakodi Layout has seen several revisions over the years. In 2002, the guideline value was Rs 138 per sq.ft. It increased to Rs 155 per sq.ft in 2003, marking a change of +12%. The value continued to rise, reaching Rs 250 per sq.ft in 2007, which was a significant increase of +61%. By 2012, the value was Rs 600 per sq.ft, reflecting a substantial increase of +140% from the previous revision. However, between 2012 and 2017, the value decreased to Rs 402 per sq.ft, a change of -33%. The next revision in 2023 set the value at Rs 700 per sq.ft, an increase of +74%. The most recent revision in 2024 has raised the value to Rs 771 per sq.ft, a change of +10% from 2023.

Overall, from 2002 to 2024, the guideline value has increased by +459%. There are no figures available for any other revisions 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 of Block 28 Dhanakodi Layout is below this median.

• Block 28 Gramadai 1 to 5: Rs 771 per sq.ft (2024)
• Block 28 Keeramadai 7: Rs 770 per sq.ft (2024)
• Block 27 Stoney Bridge huts: Rs 770 per sq.ft (2024)
• Block 28 Manal medu Street: Rs 771 per sq.ft (2024)
• Block 28 Rajarathinam Street: Rs 770 per sq.ft (2024)
• Block 28 Santhankarukku: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 28 Dhanakodi Layout

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. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 28 Dhanakodi Layout?

The Sub Registrar Office that covers Block 28 Dhanakodi Layout 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 when buying or selling property in Ward B. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with the local regulations.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the property's worth as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Block 28 Dhanakodi Layout?

The current guideline value of Block 28 Dhanakodi Layout 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 138 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +459% over this period.

What is the land classification of Block 28 Dhanakodi Layout?

Block 28 Dhanakodi Layout is classified as Residential Class II Type - III.

Where is the Erode Joint I Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Block 28 Dhanakodi Layout?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would be Rs 69,390.