Guideline Value for Block 28 Santhankarukku

Block 28 Santhankarukku guideline value

The current guideline value for Block 28 Santhankarukku is Rs 771 per sq.ft, effective from 1 July 2024. This property 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 28 Santhankarukku has changed

The guideline value for Block 28 Santhankarukku has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 244 per sq.ft. This increased to Rs 274 per sq.ft in 2003, reflecting a change of +12%. The value continued to rise, reaching Rs 400 per sq.ft in 2007, which was a +46% increase from the previous revision. In 2012, the value was revised to Rs 600 per sq.ft, marking a significant increase of +50%. However, the 2017 revision saw a decrease to Rs 402 per sq.ft, a change of -33%. The value then rose to Rs 700 per sq.ft in 2023, which was a +74% increase. The most recent revision in 2024 set the guideline value at Rs 771 per sq.ft, reflecting a +10% increase from 2023.

Throughout these revisions, there have been no figures recorded for years other than those specified. Overall, from 2002 to 2024, the guideline value has increased by +216%.

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. The median value for these streets is Rs 1,100 per sq.ft, indicating that Block 28 Santhankarukku's 2024 guideline value is below this median.

• Block 28 Rajarathinam Street: Rs 770 per sq.ft (2024)
• Block 28 Manal medu Street: Rs 771 per sq.ft (2024)
• Block 28 Keeramadai 7: Rs 770 per sq.ft (2024)
• Block 28 Gramadai 1 to 5: Rs 771 per sq.ft (2024)
• Block 28 Dhanakodi Layout: Rs 771 per sq.ft (2024)
• Block 29 Chennimalai Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 28 Santhankarukku

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, while 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 28 Santhankarukku?

The Sub Registrar Office covering Block 28 Santhankarukku 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 registering property transactions in Ward B. It determines the amount of stamp duty and registration fees payable, which are calculated based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

When buying or selling property in this area, it is essential to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Buyers should ensure they are informed about the latest revisions to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Block 28 Santhankarukku?

The current guideline value for Block 28 Santhankarukku 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 244 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +216% over this period.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 69,390, based on the current guideline value.

Which Sub Registrar Office covers Block 28 Santhankarukku?

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

What is the median guideline value in Ward B?

The median guideline value in Ward B is Rs 1,100 per sq.ft, while Block 28 Santhankarukku's current value is below this median at Rs 771 per sq.ft.