Guideline Value for Block 1 Adhiyaman Street

Block 1 Adhiyaman Street guideline value

The current guideline value for Block 1 Adhiyaman Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in the village of Ward E under the Erode Joint I SRO and falls under the Residential Class II Type - II land classification.

How the guideline value of Block 1 Adhiyaman Street has changed

Since the 2002 revision, the guideline value for Block 1 Adhiyaman Street has gone through several changes. The register shows the following figures: in 2002, the value was Rs 430 per sq.ft, which increased to Rs 486 per sq.ft in 2003, marking a 13% rise. The value then saw a 23% increase to Rs 600 per sq.ft in 2007, followed by a 25% increase to Rs 750 per sq.ft in 2012. However, there was a significant decrease of 33% to Rs 502 per sq.ft in 2017. The value increased again to Rs 750 per sq.ft in 2023, and finally, it rose by 10% to reach the current value of Rs 825 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 92%. The register has no figures for the years not mentioned, so there are no revisions available for those years.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 825 per sq.ft, which is equal to the guideline value for Block 1 Adhiyaman Street.

• Block 1 Brough Road Main Road Part 1: Rs 6,600 per sq.ft (2024)
• Block 19 Thanga Perumal Pillai Street: Rs 825 per sq.ft (2024)
• Block 19 Shek Dhavudh Street: Rs 1,100 per sq.ft (2024)
• Block 19 Railway Station Road: Rs 1,375 per sq.ft (2024)
• Block 1 E.C.Muthusamy Gounder Lay-out: Rs 1,100 per sq.ft (2024)
• Block 19 Poondhurai Road: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 1 Adhiyaman Street

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500. Together, these fees would total Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator to estimate your fees.

Which Sub Registrar Office covers Block 1 Adhiyaman Street?

The Sub Registrar Office that covers Block 1 Adhiyaman 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 E

The guideline value is a crucial factor in the registration process when buying or selling property in Ward E. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 1 Adhiyaman Street?

The current guideline value for Block 1 Adhiyaman Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 430 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 92% over this period.

What are the other streets in Ward E with similar guideline values?

Other streets in Ward E with a guideline value of Rs 825 per sq.ft include Block 19 Thanga Perumal Pillai Street and Block 19 Poondhurai Road.

What are the fees associated with registering property in Block 1 Adhiyaman Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Erode Joint I Sub Registrar Office located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.