Guideline Value for Block 3 Chokkai Thottam St

Block 3 Chokkai Thottam St guideline value

The current guideline value of Block 3 Chokkai Thottam St is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward C village and falls under the Erode Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Block 3 Chokkai Thottam St has changed

The guideline value for Block 3 Chokkai Thottam St has seen several revisions over the years. In 2003, the guideline value was Rs 233 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following this, the value rose to Rs 500 per sq.ft in 2012, but then decreased to Rs 335 per sq.ft in 2017. The value significantly increased to Rs 700 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 771 per sq.ft. Overall, from 2003 to 2024, there has been a substantial increase of 231% in the guideline value.

Between the revisions, notable changes include a 29% increase from 2003 to 2007, a 67% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 109% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figure for this street in 2002.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, indicating that Block 3 Chokkai Thottam St's current value is below this median.

• Block 3 Ganapathipuram: Rs 825 per sq.ft (2024)
• Block 3 Chinnappa Lay out: Rs 771 per sq.ft (2024)
• Block 3 Chenniyappa Street: Rs 771 per sq.ft (2024)
• Block 3 Krishnampalayam Part 1,2: Rs 825 per sq.ft (2024)
• Block 38 Prakasham Street: Rs 3,300 per sq.ft (2024)
• Block 38 Nethaji Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Block 3 Chokkai Thottam St

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty charged at 7% would be Rs 53,970, while the registration fee at 2% would amount to Rs 15,420, totaling Rs 69,390. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block 3 Chokkai Thottam St?

The Sub Registrar Office that covers Block 3 Chokkai Thottam St is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Ward C. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold, ensuring that the transaction is recorded at a fair value according to government regulations.

When a buyer or seller engages in a property transaction, the guideline value is referenced to ascertain the appropriate fees. This value helps in maintaining transparency and consistency in property dealings, as it reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Block 3 Chokkai Thottam St?

The current guideline value of Block 3 Chokkai Thottam St 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 233 per sq.ft in 2003 to Rs 771 per sq.ft in 2024, marking an overall increase of 231% over this period.

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

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970 and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which Sub Registrar Office covers this street?

The Erode Joint I Sub Registrar Office covers Block 3 Chokkai Thottam St, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 3 Chokkai Thottam St?

The land classification for Block 3 Chokkai Thottam St is Residential Class III Type - I.