Guideline Value for Block 13 AnnamalaiLayout

Block 13 AnnamalaiLayout guideline value

The current guideline value for Block 13 AnnamalaiLayout is Rs 2,750 per sq.ft. This property is located in Ward A village, under the Erode Joint I SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Block 13 AnnamalaiLayout has changed

The guideline value for Block 13 AnnamalaiLayout has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 408 per sq.ft. It increased to Rs 500 per sq.ft in 2007, followed by a significant jump to Rs 2,500 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the most recent revision in 2024 set it at Rs 2,750 per sq.ft. The register has no figure for this street for the year 2002.

In terms of percentage changes, the value increased by 23% from 2003 to 2007, then rose by 400% from 2007 to 2012. It decreased by 33% from 2012 to 2017, and increased by 49% from 2017 to 2023. The jump from 2023 to 2024 was 10%. Overall, from 2003 to 2024, the guideline value has increased by 574%.

Guideline values in Ward A

In Ward A, there are 111 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 1,375 per sq.ft, making the 2024 value for Block 13 AnnamalaiLayout above this median.

• Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road: Rs 5,915 per sq.ft (2024)
• Block 13 E.V.Nanjappa Nagar Road: Rs 6,600 per sq.ft (2024)
• Block 12 Kumaraguruparan Road: Rs 2,750 per sq.ft (2024)
• Block 13 Municipal Colony Road: Rs 1,375 per sq.ft (2024)
• Block 13 Thiru.Vee.Ka.Road: Rs 1,375 per sq.ft (2024)
• Block 12 A.P.Thangavel Road Main Road: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 13 AnnamalaiLayout

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Please 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 more details.

Which Sub Registrar Office covers Block 13 AnnamalaiLayout?

The Sub Registrar Office that covers Block 13 AnnamalaiLayout 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 A

The guideline value plays a crucial role during the registration process of property transactions in Ward A. It serves as a benchmark to determine the minimum value at which properties can be registered, ensuring that the registration fees and stamp duties are calculated accordingly.

When buying or selling property, it's essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 13 AnnamalaiLayout?

The current guideline value for Block 13 AnnamalaiLayout is Rs 2,750 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 408 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 574% over this period.

What is the land classification for Block 13 AnnamalaiLayout?

Block 13 AnnamalaiLayout is classified as Commercial Class I Type - III, which indicates its suitability for commercial activities.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where can I find the Sub Registrar Office for Block 13 AnnamalaiLayout?

The Sub Registrar Office for Block 13 AnnamalaiLayout is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.