Guideline Value for Block 3 Sunnambukara Street

Block 3 Sunnambukara Street guideline value

The current guideline value of Block 3 Sunnambukara Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward E 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 3 Sunnambukara Street has changed

The guideline value for Block 3 Sunnambukara Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 467 per sq.ft. This increased to Rs 528 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 750 per sq.ft in 2007, which remained unchanged through 2012. However, in 2012, the value dropped to Rs 502 per sq.ft in 2017, a decrease of 33%. The most significant increase occurred between 2017 and 2023, where the value jumped by 49% to Rs 750 per sq.ft. The current figure of Rs 825 per sq.ft reflects a 10% increase from the previous year's value of Rs 750 per sq.ft.

There are no recorded figures in the guideline value register for revisions in the years not listed. Overall, from 2002 to 2024, the guideline value has increased by 77%.

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 value for these streets is Rs 825 per sq.ft, which is equal to the 2024 figure for Block 3 Sunnambukara Street.

• Block 3 Gandhiji Road: Rs 3,300 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 3 Chidamparam Colony: Rs 1,925 per sq.ft (2024)
• Block 3 Brough Road Main Road: Rs 6,600 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 Sunnambukara Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to 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, bringing the total to Rs 74,250. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 3 Sunnambukara Street?

The Sub Registrar Office that covers Block 3 Sunnambukara 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 E

The guideline value is an essential factor in the registration process for properties in Ward E. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It serves as a reference point for negotiations and ensures compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Block 3 Sunnambukara Street?

The current guideline value of Block 3 Sunnambukara 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 467 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 77% over the years.

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

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750, and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which office handles the registration for Block 3 Sunnambukara Street?

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

Where can I find more information about the guideline values in Ward E?

More information about the guideline values in Ward E can be found in the Registration Department's guideline value register (TNReginet) and through the links provided for other streets in the area.