Guideline Value for Block 11 EVK Sampath Salai

Block 11 EVK Sampath Salai guideline value

The current guideline value of Block 11 EVK Sampath Salai is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, classified as Commercial Class I Type - III.

How the guideline value of Block 11 EVK Sampath Salai has changed

Over the years, the guideline value for Block 11 EVK Sampath Salai has seen significant changes. The earliest recorded figure in the register is from 2003, where the guideline value was Rs 538 per sq.ft. This increased to Rs 750 per sq.ft in 2007, marking a change of +39%. In 2012, the value rose to Rs 2,500 per sq.ft, reflecting a substantial increase of +233%. However, in 2017, it decreased to Rs 1,675 per sq.ft, a drop of -33%. The guideline value then rose again to Rs 2,500 per sq.ft in 2023, and most recently, it reached Rs 2,750 per sq.ft in 2024, an increase of +10%.

Overall, from 2003 to 2024, the guideline value has increased by +411%. It is important to note that the register has no figure for this street in 2002.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 11 EVK Sampath Salai is above this median.

• Block 11 Krishnan St: Rs 1,375 per sq.ft (2024)
• Block 11 New Market Road: Rs 2,750 per sq.ft (2024)
• Block 10 Park Road A.P.Thangavel Road: Rs 1,650 per sq.ft (2024)
• Block 11 Thangavelu Road: Rs 2,750 per sq.ft (2024)
• Block 11 Veerapathira Road: Rs 4,400 per sq.ft (2024)
• Block 10 K.N.Kuppusamy Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 11 EVK Sampath Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 11 EVK Sampath Salai?

The Sub Registrar Office that covers Block 11 EVK Sampath Salai 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 in the registration process when buying or selling property in Ward C. It determines the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recorded and legally binding.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which may affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Block 11 EVK Sampath Salai?

The current guideline value of Block 11 EVK Sampath Salai is Rs 2,750 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 538 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of +411% over this period.

What is the classification of the land in Block 11 EVK Sampath Salai?

Block 11 EVK Sampath Salai is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Block 11 EVK Sampath Salai?

The Sub Registrar Office for Block 11 EVK Sampath Salai is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the stamp duty calculated for properties in Block 11 EVK Sampath Salai?

Stamp duty for properties in Block 11 EVK Sampath Salai is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,92,500.