Guideline Value for Block 30 Seeranga Street

Block 30 Seeranga Street guideline value

The current guideline value for Block 30 Seeranga Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 30 Seeranga Street has changed

The guideline value for Block 30 Seeranga Street has undergone several revisions over the years. In 2002, the guideline value was Rs 404 per sq.ft, which increased to Rs 453 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 500 per sq.ft in 2007, a +10% increase. In 2012, the value was revised to Rs 1,000 per sq.ft, which represented a significant +100% change. However, it decreased to Rs 670 per sq.ft in 2017, a drop of -33%. The guideline value then increased to Rs 1,000 per sq.ft in 2023, followed by a final revision to Rs 1,100 per sq.ft in 2024, reflecting a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +172%. There are no figures available for years other than those listed in the register for this street.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value range from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, placing Block 30 Seeranga Street's 2024 figure below that median.

• Block 30 South Easwaran Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 30 TheppaKulam St: Rs 1,650 per sq.ft (2024)
• Block 30 Vakkeel Samaiyar Street: Rs 825 per sq.ft (2024)
• Block 30 Muncipality Road: Rs 825 per sq.ft (2024)
• Block 30 Kamarajar Street: Rs 2,750 per sq.ft (2024)
• Block 31 North Easwaran Kovil Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 30 Seeranga 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 30 Seeranga Street?

The Sub Registrar Office that covers Block 30 Seeranga 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 details.

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

The guideline value is a crucial factor in property registration in Ward C. It is used to determine the applicable stamp duty and registration fees during the buying or selling process. When registering a property, the guideline value serves as a benchmark for calculating these fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of property transactions in the area.

Frequently asked questions

What is the current guideline value of Block 30 Seeranga Street?

The current guideline value of Block 30 Seeranga 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 from Rs 404 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing an overall increase of +172% over this period.

What is the land classification for Block 30 Seeranga Street?

Block 30 Seeranga Street is classified as Residential Class II Type - I under the Erode Joint I SRO.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Block 30 Seeranga Street located?

The Sub Registrar Office for Block 30 Seeranga Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.