Guideline Value for Block 10 Nethaji Street

Block 10 Nethaji Street guideline value

The current guideline value of Block 10 Nethaji Street is Rs 1,925 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Block 10 Nethaji Street has changed

The guideline value for Block 10 Nethaji Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 438 per sq.ft. This increased to Rs 495 per sq.ft in 2003, marking a 13% rise. In 2007, the value further increased to Rs 500 per sq.ft, which is a 1% increase from the previous revision. The 2012 revision recorded a guideline value of Rs 1,750 per sq.ft, showing a significant increase of 250% from 2007. However, in 2017, the value dropped to Rs 1,172 per sq.ft, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value rose sharply to Rs 1,750 per sq.ft, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,925 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 339%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, placing Block 10 Nethaji Street's 2024 figure above this median.

• Block 10 North Okkiliyar Street: Rs 771 per sq.ft (2024)
• Block 10 East Okkiliyar Street (Kambar Street): Rs 771 per sq.ft (2024)
• Block 10 South Okkiliyar Street: Rs 771 per sq.ft (2024)
• Block 10 Vaikkal Road: Rs 771 per sq.ft (2024)
• Block 10 Venkitasamy Ravuth Street: Rs 771 per sq.ft (2024)
• Block 11 Nethaji Street Part-2: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 10 Nethaji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total guideline value amounts to Rs 19,25,000. The stamp duty at 7% would be Rs 1,34,750, while the registration fee at 2% would be Rs 38,500. Together, the total cost for stamp duty and registration would be Rs 1,73,250. It is important to note that the 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 Nethaji Street?

The Sub Registrar Office that covers Block 10 Nethaji 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 critical factor when registering property transactions in Ward E. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs reflect the official valuation of the property.

Frequently asked questions

What is the current guideline value of Block 10 Nethaji Street?

The current guideline value of Block 10 Nethaji Street is Rs 1,925 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 438 per sq.ft in 2002 to Rs 1,925 per sq.ft in 2024, reflecting an overall increase of 339% over this period.

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

For a property valued at Rs 19,25,000, the stamp duty would be Rs 1,34,750 and the registration fee would be Rs 38,500, totaling Rs 1,73,250.

Which office handles the registration of properties in Block 10 Nethaji Street?

The Erode Joint I Sub Registrar Office handles the registration of properties in Block 10 Nethaji Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode - 638009.

How often is the guideline value updated?

The guideline value is updated periodically, with the most recent revision for Block 10 Nethaji Street taking effect on 1 July 2024.