Guideline Value for Block 9 Sekkilar Street

Block 9 Sekkilar Street guideline value

The current guideline value of Block 9 Sekkilar Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 9 Sekkilar Street has changed

The guideline value for Block 9 Sekkilar Street has undergone several revisions over the years. In 2003, the value was Rs 233 per sq.ft, which increased to Rs 250 per sq.ft in 2007. The 2012 revision saw a rise to Rs 500 per sq.ft, but this was followed by a decrease to Rs 335 per sq.ft in 2017. The value then surged to Rs 700 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 770 per sq.ft. The register has no figure for this street for the year 2002.

From 2017 to 2023, the guideline value increased by 109%. The 2023 to 2024 revision reflects a 10% increase. Overall, from 2003 to 2024, the guideline value has risen by 230%.

Guideline values in Ward D

In Ward D, there are 200 streets that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value of Block 9 Sekkilar Street is below this median.

• Block 9 Thoppaiya Street: Rs 770 per sq.ft (2024)
• Block 9 Thottakara Street: Rs 770 per sq.ft (2024)
• Block 9 Periyamariamman Kovil Street: Rs 770 per sq.ft (2024)
• Block 9 Palani Sandhu: Rs 770 per sq.ft (2024)
• Block 9 Muthukaruppan Sandhu: Rs 770 per sq.ft (2024)
• Block 9 Kumanan Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 9 Sekkilar Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. 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 9 Sekkilar Street?

The Sub Registrar Office that covers Block 9 Sekkilar Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the 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 in the registration process when buying or selling property in Ward D. It determines the amount of stamp duty and registration fees that must be paid, which are calculated based on the higher of the guideline value or the sale price.

When a property is registered, the guideline value serves as a benchmark for the transaction, ensuring that the appropriate taxes are levied. This helps maintain transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Block 9 Sekkilar Street?

The current guideline value of Block 9 Sekkilar 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 from Rs 233 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would be Rs 69,300.

Which office handles the registration for this street?

The Erode Joint I Sub Registrar Office handles the registration for Block 9 Sekkilar Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring compliance with local regulations.