Guideline Value for Block 12 Nataraja Theatre Huts

Block 12 Nataraja Theatre Huts guideline value

The current guideline value for Block 12 Nataraja Theatre Huts is Rs 771 per sq.ft, effective from 1 July 2024. This property 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 12 Nataraja Theatre Huts has changed

The guideline value for Block 12 Nataraja Theatre Huts has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 109 per sq.ft. This increased to Rs 124 per sq.ft in 2003, marking a change of +14%. The value continued to rise, reaching Rs 200 per sq.ft in 2007, which was a +61% increase. By 2012, the value was Rs 300 per sq.ft, reflecting a +50% change. In 2017, the value further increased to Rs 335 per sq.ft, a +12% change. The most significant change occurred between 2017 and 2023, where the value jumped to Rs 700 per sq.ft, representing a +109% increase. Finally, the current value is Rs 771 per sq.ft from the 2024 revision, which is a +10% change from the previous year.

There are no figures available for revisions in years not listed for this street. Overall, from 2002 to 2024, the guideline value has increased by +607%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 825 per sq.ft, and the guideline value for Block 12 Nataraja Theatre Huts is below this median.

• Block 12 Old Arundhadhiyar Huts: Rs 770 per sq.ft (2024)
• Block 12 Old Railway Station Road: Rs 771 per sq.ft (2024)
• Block 12 Karur Road: Rs 771 per sq.ft (2024)
• Block 12 Patchiamman Kovil Street: Rs 770 per sq.ft (2024)
• Block 11 Vaikkal Road (old): Rs 771 per sq.ft (2024)
• Block 11 Vaikkal Road: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 12 Nataraja Theatre Huts

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, bringing the total fees to 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 12 Nataraja Theatre Huts?

The Sub Registrar Office that covers Block 12 Nataraja Theatre Huts 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 critical 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 applicable to the transaction.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 12 Nataraja Theatre Huts?

The current guideline value for Block 12 Nataraja Theatre Huts is Rs 771 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 109 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, which is an overall increase of +607%.

What is the land classification for Block 12 Nataraja Theatre Huts?

Block 12 Nataraja Theatre Huts is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Block 12 Nataraja Theatre Huts is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,71,000, the stamp duty at 7% would be Rs 53,970.