Guideline Value for Block 7 Sambal Kadu

Block 7 Sambal Kadu guideline value

The current guideline value for Block 7 Sambal Kadu is Rs 771 per sq.ft, effective from 1 July 2024. This area is located in Ward A village under the Erode Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Block 7 Sambal Kadu has changed

The guideline value for Block 7 Sambal Kadu has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 105 per sq.ft. This increased significantly to Rs 371 per sq.ft in 2003, marking a change of +253%. The 2007 revision saw the value rise to Rs 500 per sq.ft, which was an increase of +35% from the previous figure. In 2012, the value adjusted to Rs 600 per sq.ft, reflecting a decrease of -33% from 2007.

From 2012, the guideline value increased to Rs 402 per sq.ft in 2017, which was a decline of -33% from the previous revision. The 2023 revision set the value at Rs 700 per sq.ft, a rise of +74% from 2017. Finally, the current 2024 revision has established the value at Rs 771 per sq.ft, which is an increase of +10% from 2023. There are no figures available for other years for this street.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value in this area is Rs 1,375 per sq.ft, placing Block 7 Sambal Kadu's current figure below this median.

• Block 7 Thirunagar Colony Road No.1,2: Rs 2,200 per sq.ft (2024)
• Block 7 Park Road: Rs 2,750 per sq.ft (2024)
• Block 8 A.P.Thangavel Road Main Road: Rs 2,750 per sq.ft (2024)
• Block 7 K.N.Kuppusamy Main Road: Rs 1,100 per sq.ft (2024)
• Block 7 Bhavani Road (or)A.P.Thangavel Road: Rs 2,750 per sq.ft (2024)
• Block 8 Krishnampalayam Road 1,2,3: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 7 Sambal Kadu

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total fees to Rs 69,390. 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 7 Sambal Kadu?

The Sub Registrar Office that covers Block 7 Sambal Kadu 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 A

The guideline value is a crucial factor in property transactions, as it determines the stamp duty and registration fees payable during the sale or purchase of property. When registering a property, the guideline value or the sale price, whichever is higher, is used to calculate these fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to avoid any unexpected costs during the registration process. Understanding the guideline value helps in making informed decisions when engaging in property transactions in Ward A.

Frequently asked questions

What is the current guideline value for Block 7 Sambal Kadu?

The current guideline value for Block 7 Sambal Kadu 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 105 in 2002 to Rs 771 in 2024, reflecting an overall increase of +634% over the years.

What is the land classification for Block 7 Sambal Kadu?

Block 7 Sambal Kadu is classified as Residential Class II Type - III.

Where can I find the Sub Registrar Office for Block 7 Sambal Kadu?

The Sub Registrar Office for Block 7 Sambal Kadu is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the stamp duty calculated for property in Block 7 Sambal Kadu?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 69,390 in fees.