Guideline Value for Block 3 Chinnappa Layout Huts

Block 3 Chinnappa Layout Huts guideline value

The current guideline value for Block 3 Chinnappa Layout Huts is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Block 3 Chinnappa Layout Huts has changed

The guideline value for Block 3 Chinnappa Layout Huts has seen several revisions over the years. In 2002, the guideline value was Rs 105 per sq.ft, which increased to Rs 61 per sq.ft in 2003. After this, there was a significant rise, with the value reaching Rs 500 per sq.ft in both 2007 and 2012. However, it dropped to Rs 335 per sq.ft in 2017. From 2017 to 2023, there was a substantial increase, bringing the value to Rs 700 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 770 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 633%. Notably, there are no figures available for the years between 2003 and 2007, and between 2012 and 2017, the register has no figure for this street.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 3 Chinnappa Layout Huts is below this median.

• Block 3 Chinnappa Layout 1 2: Rs 825 per sq.ft (2024)
• Block 3 Arumuga Street T.S.50: Rs 771 per sq.ft (2024)
• Block 3 Krishnampalayam Harijan Colony: Rs 770 per sq.ft (2024)
• Block 3 Pudhumai Colony: Rs 770 per sq.ft (2024)
• Block 3 Samiyappa Street Main Road: Rs 1,100 per sq.ft (2024)
• Block 3 Thirunagar Colony: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Block 3 Chinnappa Layout Huts

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400. Together, the total cost for these fees would be Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Block 3 Chinnappa Layout Huts?

The Sub Registrar Office that covers Block 3 Chinnappa Layout Huts is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all property transactions are conducted fairly and transparently within the legal framework.

Frequently asked questions

What is the current guideline value for Block 3 Chinnappa Layout Huts?

The current guideline value for Block 3 Chinnappa Layout Huts is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 105 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 633% over the years.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles the registration for this area?

The Erode Joint I Sub Registrar Office handles the registration for Block 3 Chinnappa Layout Huts, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the median guideline value in Ward A?

The median guideline value for properties in Ward A is Rs 1,375 per sq.ft, with Block 3 Chinnappa Layout Huts being below this median at Rs 770 per sq.ft.