Guideline Value for Block 10 Venkitasamy Ravuth Street

Block 10 Venkitasamy Ravuth Street guideline value

The current guideline value of Block 10 Venkitasamy Ravuth Street is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 10 Venkitasamy Ravuth Street has changed

The guideline value for Block 10 Venkitasamy Ravuth Street has seen several revisions over the years. In 2002, the value was Rs 288 per sq.ft, which increased to Rs 326 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 350 per sq.ft in 2007, an increase of +7%. Following that, the 2012 revision saw a decrease to Rs 500 per sq.ft, a change of -33%. The value then increased significantly to Rs 335 per sq.ft in 2017, which was a rise of +109%. The most recent revisions show the value at Rs 700 per sq.ft in 2023, followed by a further increase to Rs 771 per sq.ft in 2024, representing a change of +10%.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +168%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 825 per sq.ft, indicating that the 2024 figure for Block 10 Venkitasamy Ravuth Street is below this median.

• Block 10 Vaikkal Road: Rs 771 per sq.ft (2024)
• Block 10 South Okkiliyar Street: Rs 771 per sq.ft (2024)
• Block 10 North Okkiliyar Street: Rs 771 per sq.ft (2024)
• Block 11 Nethaji Street Part-2: Rs 1,375 per sq.ft (2024)
• Block 10 Nethaji Street: Rs 1,925 per sq.ft (2024)
• Block 10 East Okkiliyar Street (Kambar Street): Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 10 Venkitasamy Ravuth 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 cost of Rs 69,390. 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 further calculations.

Which Sub Registrar Office covers Block 10 Venkitasamy Ravuth Street?

The Sub Registrar Office that covers Block 10 Venkitasamy Ravuth 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 E

The guideline value is a crucial factor in the registration process when buying or selling property in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the guideline value is considered to ensure that the transaction reflects the correct value of the property. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Block 10 Venkitasamy Ravuth Street?

The current guideline value of Block 10 Venkitasamy Ravuth 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 288 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +168% over the years.

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

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 this street?

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

What is the land classification of Block 10 Venkitasamy Ravuth Street?

Block 10 Venkitasamy Ravuth Street is classified as Residential Class III Type - I.