Guideline Value for Block 10 E.V.Nanjappa Street

Block 10 E.V.Nanjappa Street guideline value

The current guideline value of Block 10 E.V.Nanjappa Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO and is classified as Commercial Class I Type - II.

How the guideline value of Block 10 E.V.Nanjappa Street has changed

The guideline value for Block 10 E.V.Nanjappa Street has undergone several revisions over the years. In 2002, the register recorded a value of Rs 447 per sq.ft. This increased to Rs 501 per sq.ft in 2003, followed by a rise to Rs 750 per sq.ft in 2007. The value then saw a significant jump to Rs 3,000 per sq.ft in 2012, but decreased to Rs 2,010 per sq.ft by 2017. The value rose again to Rs 3,000 per sq.ft in 2023 and is currently set at Rs 3,300 per sq.ft from the 2024 revision.

Between the revisions, there have been notable changes. From 2002 to 2024, the overall increase is +638%. The jump from 2017 to 2023 was +49%, while there was a decrease of -33% from 2012 to 2017. The most significant increase was from 2007 to 2012, which saw a rise of +300%. The latest revision from 2023 to 2024 reflects an increase of +10%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Block 10 E.V.Nanjappa Street is above this median.

• Block 10 50 Feet Road: Rs 1,100 per sq.ft (2024)
• Block 10 Muthukaruppa Street: Rs 1,650 per sq.ft (2024)
• Block 10 N.G.G.O.Colony Road 1 to 8: Rs 1,100 per sq.ft (2024)
• Block 10 O.A.Ramasamy Street: Rs 1,650 per sq.ft (2024)
• Block 10 Poosari Chennimalai Street 1 to 5: Rs 1,100 per sq.ft (2024)
• Block 10 Varatharajan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 10 E.V.Nanjappa Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that 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 10 E.V.Nanjappa Street?

The Sub Registrar Office that covers Block 10 E.V.Nanjappa 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 B

The guideline value is a critical component in the property registration process in Ward B. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the government receives the appropriate stamp duty and registration fees during a transaction.

When buying or selling property, the guideline value is used to calculate the applicable fees, which can vary based on the property's location and classification. Buyers should always be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Block 10 E.V.Nanjappa Street?

The current guideline value of Block 10 E.V.Nanjappa Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 447 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +638% over the years.

What is the classification of Block 10 E.V.Nanjappa Street?

Block 10 E.V.Nanjappa Street is classified as Commercial Class I Type - II under the Erode Joint I SRO.

What is the stamp duty for property in Block 10 E.V.Nanjappa Street?

The stamp duty for property in Block 10 E.V.Nanjappa Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Block 10 E.V.Nanjappa Street located?

The Sub Registrar Office for Block 10 E.V.Nanjappa Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone.