Guideline Value for Block 10 Varatharajan Street

Block 10 Varatharajan Street guideline value

The current guideline value for Block 10 Varatharajan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Block 10 Varatharajan Street has changed

The guideline value for Block 10 Varatharajan Street has seen several revisions over the years. In 2002, the value was Rs 243 per sq.ft, which increased to Rs 273 per sq.ft in 2003, marking a 12% rise. Following this, the value rose to Rs 400 per sq.ft in 2007, a significant increase of 47%. The 2012 revision saw the value at Rs 1,000 per sq.ft, reflecting a 150% increase from the previous figure. However, in 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, before reaching the current rate of Rs 1,100 per sq.ft in 2024, which is a 10% increase from the previous year.

Over the years, the overall change from 2002 to 2024 has been a remarkable 353%. The register has no figures for revisions in years not mentioned, ensuring clarity in the historical data for this street.

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 the median value being Rs 1,100 per sq.ft. The guideline value for Block 10 Varatharajan Street is equal to this median.

• Block 11 50 feet Road: Rs 1,100 per sq.ft (2024)
• Block 10 Poosari Chennimalai Street 1 to 5: Rs 1,100 per sq.ft (2024)
• Block 10 O.A.Ramasamy Street: Rs 1,650 per sq.ft (2024)
• Block 11 Gandhi Nagar Road: Rs 2,530 per sq.ft (2024)
• Block 10 N.G.G.O.Colony Road 1 to 8: Rs 1,100 per sq.ft (2024)
• Block 10 Muthukaruppa Street: Rs 1,650 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 10 Varatharajan Street?

The Sub Registrar Office that covers Block 10 Varatharajan 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 information.

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

The guideline value is a crucial factor during property registration in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the authorities will use the guideline value to calculate the applicable fees, ensuring that the transaction is recorded accurately. This value helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Block 10 Varatharajan Street?

The current guideline value for Block 10 Varatharajan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 243 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 353% over the years.

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

For a 1,000 sq.ft property at the current guideline value, the total guideline value would be Rs 11,00,000. The stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Block 10 Varatharajan Street?

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

What is the land classification for Block 10 Varatharajan Street?

Block 10 Varatharajan Street is classified as Residential Class II Type - I, which indicates its intended use and zoning regulations.