Guideline Value for Block 10 Bhavani Road

Block 10 Bhavani Road guideline value

The current guideline value of Block 10 Bhavani Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, classified as Residential Class I Type - II.

How the guideline value of Block 10 Bhavani Road has changed

The guideline value for Block 10 Bhavani Road has undergone several revisions over the years. In 2002, the guideline value was Rs 369 per sq.ft, which increased to Rs 414 per sq.ft in 2003, marking a rise of 12%. The value then saw a significant increase to Rs 750 per sq.ft in 2007, representing an 81% change. In 2012, it rose to Rs 1,500 per sq.ft, a 100% increase from the previous revision. However, in 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a decline of 33%. The value then increased to Rs 1,500 per sq.ft in 2023, followed by the current value of Rs 1,650 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 347%. The register has no figures for the years between these revisions for this street.

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 is Rs 1,375 per sq.ft, placing Block 10 Bhavani Road's 2024 figure above that median.

• Block 10 Gandhipuram: Rs 771 per sq.ft (2024)
• Block 10 Gandhipuram 1-4: Rs 771 per sq.ft (2024)
• Block 10 K.N.Kuppusamy Road: Rs 1,100 per sq.ft (2024)
• Block 10 Park Road A.P.Thangavel Road: Rs 1,650 per sq.ft (2024)
• Block 11 EVK Sampath Salai: Rs 2,750 per sq.ft (2024)
• Block 11 Krishnan St: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 10 Bhavani Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the 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 10 Bhavani Road?

The Sub Registrar Office that covers Block 10 Bhavani Road 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 C

The guideline value is a crucial factor during the registration of property transactions in Ward C. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications of the transaction. This helps in maintaining transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Block 10 Bhavani Road?

The current guideline value of Block 10 Bhavani Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 369 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 347% across the years.

What are the stamp duty and registration fees for property in Block 10 Bhavani Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000. The stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles property registrations for Block 10 Bhavani Road?

The Erode Joint I Sub Registrar Office handles property registrations for Block 10 Bhavani Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the median guideline value in Ward C?

The median guideline value in Ward C is Rs 1,375 per sq.ft, with Block 10 Bhavani Road's current value being above this median.