Guideline Value for Block 3 Chidamparam Colony

Block 3 Chidamparam Colony guideline value

The current guideline value for Block 3 Chidamparam Colony is Rs 1,925 per sq.ft, effective from 1 July 2024. This area is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Block 3 Chidamparam Colony has changed

The guideline value for Block 3 Chidamparam Colony has seen significant changes over the years. In 2002, the guideline value was Rs 931 per sq.ft, which increased to Rs 1,052 per sq.ft in 2003. Following this, the value rose to Rs 1,500 per sq.ft in 2007, and then to Rs 1,750 per sq.ft in 2012. However, there was a decrease to Rs 1,172 per sq.ft in 2017. The value then increased to Rs 1,750 per sq.ft in 2023, and finally, it stands at Rs 1,925 per sq.ft as of the 2024 revision. The overall change from 2002 to 2024 reflects an increase of 107%.

Between the revisions, the most notable changes include a 10% increase from 2023 to 2024, and a substantial 49% increase from 2017 to 2023. The value decreased by 33% from 2012 to 2017. Additionally, the value increased by 17% from 2007 to 2012, 43% from 2003 to 2007, and 13% from 2002 to 2003. There are no revisions with figures for this street prior to 2002.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, which means that the 2024 figure for Block 3 Chidamparam Colony is above this median.

• Block 3 Brough Road Main Road: Rs 6,600 per sq.ft (2024)
• Block 3 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 3 Sunnambukara Street: Rs 825 per sq.ft (2024)
• Block 4 Cutcheri Street: Rs 3,300 per sq.ft (2024)
• Block 4 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 4 State Bank Road (Poombuhar Road): Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 3 Chidamparam Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total guideline value amounts to Rs 19,25,000. The stamp duty at 7% would be Rs 1,34,750, and the registration fee at 2% would be Rs 38,500, bringing the total fees together to Rs 1,73,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 3 Chidamparam Colony?

The Sub Registrar Office that covers Block 3 Chidamparam Colony 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 details.

How the guideline value is used when you buy or sell in Ward E

The guideline value is an essential factor during property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in this area.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value for Block 3 Chidamparam Colony?

The current guideline value for Block 3 Chidamparam Colony is Rs 1,925 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 931 per sq.ft to Rs 1,925 per sq.ft in 2024, reflecting an overall increase of 107%.

What is the stamp duty rate in Block 3 Chidamparam Colony?

The stamp duty rate for property transactions in Block 3 Chidamparam Colony is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Block 3 Chidamparam Colony located?

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

How can I calculate the registration fees for a property in Block 3 Chidamparam Colony?

You can calculate the registration fees by using the guideline value and applying the respective rates for stamp duty and registration fees. For a detailed calculation, you can use our stamp duty and registration fee calculator.