Guideline Value for Block 29 Sathiyamoorthy Street

Block 29 Sathiyamoorthy Street guideline value

The current guideline value of Block 29 Sathiyamoorthy Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street 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 29 Sathiyamoorthy Street has changed

The guideline value for Block 29 Sathiyamoorthy Street has undergone several revisions over the years. In 2002, the guideline value was Rs 415 per sq.ft, which increased to Rs 466 per sq.ft in 2003, marking a change of +12%. The value continued to rise, reaching Rs 600 per sq.ft in 2007, a +29% increase. By 2012, the value had risen to Rs 1,000 per sq.ft, reflecting a significant +67% change from the previous revision. However, in 2017, the value decreased to Rs 670 per sq.ft, a change of -33%. The next revision in 2023 saw the value increase to Rs 1,000 per sq.ft, followed by the current value of Rs 1,100 per sq.ft in 2024, marking a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +165%. There are no figures available for the years between these revisions for Block 29 Sathiyamoorthy Street.

Guideline values in Ward D

In Ward D, the guideline values for 200 streets under the Erode Joint I SRO range 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 29 Sathiyamoorthy Street is above this median.

• Block 29 Sundara Moorthy Road: Rs 825 per sq.ft (2024)
• Block 2 Annanagar 1st Street: Rs 771 per sq.ft (2024)
• Block 2 Arumugam Street: Rs 771 per sq.ft (2024)
• Block 29 NedunSeralarathan Theru: Rs 825 per sq.ft (2024)
• Block 29 Kamatchi (Kadu) Street: Rs 770 per sq.ft (2024)
• Block 29 Cutcheri Street: Rs 1,375 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 29 Sathiyamoorthy Street?

The Sub Registrar Office that covers Block 29 Sathiyamoorthy 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 a crucial factor when registering property transactions in Ward D. It determines the base value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a fair price for the transaction. It is important for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during registration.

Frequently asked questions

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

The current guideline value of Block 29 Sathiyamoorthy Street 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 several times, starting from Rs 415 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, with various increases and one decrease in 2017.

What is the land classification for Block 29 Sathiyamoorthy Street?

Block 29 Sathiyamoorthy Street is classified as Residential Class II Type - I.

Where is the Sub Registrar Office for this street located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at 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.