Guideline Value for Block 4 Sekkizhar Street

Block 4 Sekkizhar Street guideline value

The current guideline value for Block 4 Sekkizhar Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Ward D 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 4 Sekkizhar Street has changed

Over the years, the guideline value of Block 4 Sekkizhar Street has seen significant changes. The earliest recorded value in 2002 was Rs 194 per sq.ft. This increased to Rs 219 per sq.ft in 2003, reflecting a growth of 13%. The value then rose by 14% to Rs 250 per sq.ft in 2007. Following this, the value doubled to Rs 500 per sq.ft in 2012, marking a 100% increase. However, it dropped by 33% to Rs 335 per sq.ft in 2017. The value then surged by 109% to Rs 700 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 770 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figure for this street in revisions prior to 2002 and after 2024. The overall change from 2002 to 2024 reflects an increase of 297% in the guideline value.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 798 per sq.ft, making the guideline value for Block 4 Sekkizhar Street below the median.

• Block 4 Thoppai ya Lane: Rs 770 per sq.ft (2024)
• Block 4 Parasuraman Lane: Rs 770 per sq.ft (2024)
• Block 4 Vaikkal Marappalam Road: Rs 771 per sq.ft (2024)
• Block 4 Palani Lane: Rs 770 per sq.ft (2024)
• Block 4 Vaiyapuri Sandhu: Rs 770 per sq.ft (2024)
• Block 5 Arasilango Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Sekkizhar Street

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that 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 more details.

Which Sub Registrar Office covers Block 4 Sekkizhar Street?

The Sub Registrar Office that covers Block 4 Sekkizhar 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 D

The guideline value is a crucial factor during the registration process when buying or selling property in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value for Block 4 Sekkizhar Street?

The current guideline value for Block 4 Sekkizhar Street 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 significantly from Rs 194 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 297% over this period.

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

For a property valued at Rs 7,70,000, 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 of properties in Block 4 Sekkizhar Street?

The registration of properties in Block 4 Sekkizhar Street is handled by the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a reference point for the financial obligations associated with buying or selling property in the area.