Guideline Value for Block 33 Sengoda Street Lane

Block 33 Sengoda Street Lane guideline value

The current guideline value for Block 33 Sengoda Street Lane is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Ward C village, under the Erode Joint I SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Block 33 Sengoda Street Lane has changed

The guideline value for Block 33 Sengoda Street Lane has undergone several revisions over the years. In 2002, the guideline value was Rs 480 per sq.ft. This increased to Rs 538 per sq.ft in 2003, marking a 12% rise. The value continued to rise to Rs 750 per sq.ft in 2007, reflecting a 39% increase. By 2012, the value reached Rs 1,000 per sq.ft, which was a 33% decrease from the previous revision. In 2017, it increased again to Rs 670 per sq.ft, and then rose significantly to Rs 1,000 per sq.ft in 2023, before reaching the current value of Rs 1,100 per sq.ft in 2024, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 129%. There are no figures available for the revisions in years not mentioned above for this street.

Guideline values in Ward C

In Ward C, the guideline values vary significantly, with figures for 2024 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, placing the current value of Block 33 Sengoda Street Lane below that median.

• Block 33 Sathy (or) Veerapathira Road: Rs 2,750 per sq.ft (2024)
• Block 33 Sokkanatha Street: Rs 2,750 per sq.ft (2024)
• Block 33 Ramasamy Street: Rs 1,100 per sq.ft (2024)
• Block 33 Venkatachalam Street Main Street: Rs 2,750 per sq.ft (2024)
• Block 33 N.M.S. Lay out: Rs 2,200 per sq.ft (2024)
• Block 33 West Perumal Kovil Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 33 Sengoda Street Lane

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, making the total fees together Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 33 Sengoda Street Lane?

The Sub Registrar Office that covers Block 33 Sengoda Street Lane 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 C

The guideline value is a critical factor during the registration of property transactions in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a value deemed acceptable by the authorities.

When buying or selling property, the guideline value helps in assessing the fair value of the property for legal and taxation purposes. It is essential to refer to the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 33 Sengoda Street Lane?

The current guideline value for Block 33 Sengoda Street Lane 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 480 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 129% over this period.

What is the land classification for Block 33 Sengoda Street Lane?

Block 33 Sengoda Street Lane falls under the Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Block 33 Sengoda Street Lane is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for property in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current rate, the total fees would amount to Rs 99,000.