Guideline Value for Block 29 Chokkalingam Street

Block 29 Chokkalingam Street guideline value

The current guideline value of Block 29 Chokkalingam Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Block 29 Chokkalingam Street has changed

The guideline value for Block 29 Chokkalingam Street has seen several revisions over the years. In 2002, the guideline value was Rs 348 per sq.ft, which increased to Rs 390 per sq.ft in 2003, marking a 12% rise. The value then rose significantly to Rs 600 per sq.ft in 2007, reflecting a 54% increase. In 2012, it reached Rs 750 per sq.ft, showing a 25% increase from the previous revision. However, this value decreased to Rs 502 per sq.ft in 2017, which was a decline of 33%. The guideline value then increased to Rs 750 per sq.ft in 2023, followed by a further increase to Rs 825 per sq.ft in 2024, a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 137%. The register has no figure for this street for the years not mentioned in the revisions.

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 of Block 29 Chokkalingam Street is above this median.

• Block 29 Cutcheri Street: Rs 1,375 per sq.ft (2024)
• Block 29 Agrahara Street: Rs 825 per sq.ft (2024)
• Block 29 Kamatchi (Kadu) Street: Rs 770 per sq.ft (2024)
• Block 28 Ward Road: Rs 770 per sq.ft (2024)
• Block 28 Valaiyakara Street: Rs 1,100 per sq.ft (2024)
• Block 28 Thuruva Lane: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 29 Chokkalingam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, totaling Rs 74,250. 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 29 Chokkalingam Street?

The Sub Registrar Office that covers Block 29 Chokkalingam Street 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 D

The guideline value is an essential factor in property transactions within Ward D. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers should be aware that the guideline value will influence the total costs involved in the transaction.

When registering a property, the guideline value is considered to ensure that the appropriate taxes are collected. It is important for buyers to check the current guideline value to understand their financial obligations when purchasing property in this area.

Frequently asked questions

What is the current guideline value of Block 29 Chokkalingam Street?

The current guideline value of Block 29 Chokkalingam Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 348 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 137% over the years.

What is the stamp duty for property in Block 29 Chokkalingam Street?

The stamp duty for property in Block 29 Chokkalingam Street is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750.

Where is the Sub Registrar Office for Block 29 Chokkalingam Street located?

The Sub Registrar Office for Block 29 Chokkalingam Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 29 Chokkalingam Street?

Block 29 Chokkalingam Street falls under the Residential Class II Type - II land classification.