Guideline Value for Block 1 Vandiuran Kovil Street

Block 1 Vandiuran Kovil Street guideline value

The current guideline value of Block 1 Vandiuran Kovil Street is Rs 771 per sq.ft. This street is located in Ward C village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 1 Vandiuran Kovil Street has changed

The guideline value for Block 1 Vandiuran Kovil Street has seen several revisions over the years. In 2002, the value was Rs 99 per sq.ft, which increased to Rs 111 per sq.ft in 2003, marking a 12% rise. The value then rose significantly to Rs 200 per sq.ft in 2007, reflecting an 80% increase. By 2012, the value had increased further to Rs 500 per sq.ft, a 150% rise from the previous revision. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, showing a decline of 33%.

From 2017 to 2023, the guideline value surged to Rs 700 per sq.ft, representing a substantial 109% increase. The most recent revision, effective from 1 July 2024, has set the guideline value at Rs 771 per sq.ft, which is a 10% increase from the previous year. The register has no figure for the years not listed above.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value in this area is Rs 1,375 per sq.ft, indicating that Block 1 Vandiuran Kovil Street's current guideline value is below this median.

• Block 1 Royal Lay out: Rs 771 per sq.ft (2024)
• Block 1 RajaGopal Thottam: Rs 771 per sq.ft (2024)
• Block 20 East Kongalamman Kovil Street: Rs 2,750 per sq.ft (2024)
• Block 20 Easwaran Kovil Lane: Rs 2,750 per sq.ft (2024)
• Block 1 Patchiamman Koil St: Rs 771 per sq.ft (2024)
• Block 1 Pachiamman Kovil Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 1 Vandiuran Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, resulting in a total of Rs 69,390. Duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 1 Vandiuran Kovil Street?

The Sub Registrar Office that covers Block 1 Vandiuran Kovil 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 details.

How the guideline value is used when you buy or sell in Ward C

The guideline value is a crucial factor in the registration process when buying or selling property in Ward C. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official value set by the Registration Department.

When a property transaction occurs, the guideline value is used to determine the minimum amount on which stamp duty is calculated. This ensures that all property transactions are recorded accurately and transparently within the framework established by the local authorities.

Frequently asked questions

What is the current guideline value for Block 1 Vandiuran Kovil Street?

The current guideline value for Block 1 Vandiuran Kovil Street 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 99 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, showing an overall increase of 679% across the years.

What is the median guideline value in Ward C?

The median guideline value in Ward C is Rs 1,375 per sq.ft, which is higher than the current value of Block 1 Vandiuran Kovil Street.

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

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970 and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which office handles registrations for Block 1 Vandiuran Kovil Street?

The Erode Joint I Sub Registrar Office handles registrations for Block 1 Vandiuran Kovil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.