Guideline Value for Block 13 E.V.Nanjappa Road

Block 13 E.V.Nanjappa Road guideline value

The current guideline value of Block 13 E.V.Nanjappa Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Ward B village under the Erode Joint I SRO and is classified as Commercial Class I Type - II.

How the guideline value of Block 13 E.V.Nanjappa Road has changed

The guideline value for Block 13 E.V.Nanjappa Road has seen several revisions over the years. Starting from Rs 447 per sq.ft in 2002, it increased to Rs 501 per sq.ft in 2003. The value then rose significantly to Rs 750 per sq.ft in 2007, followed by a jump to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017, before climbing back to Rs 3,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions are notable: from 2002 to 2024, the guideline value has increased by 638%. The largest increase occurred from 2007 to 2012, with a rise of 300%, while the most significant drop was from 2012 to 2017, with a decrease of 33%. There are no other revisions for this street in the register.

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 a median value of Rs 1,100 per sq.ft. Block 13 E.V.Nanjappa Road's 2024 figure is above this median.

• Block 13 Marappa Street 1,2,3: Rs 825 per sq.ft (2024)
• Block 12 Varatharajan Street: Rs 1,100 per sq.ft (2024)
• Block 12 Poosari Chennimalai Gounder Street: Rs 1,100 per sq.ft (2024)
• Block 13 O.A.Ramasamy Street: Rs 1,650 per sq.ft (2024)
• Block 12 N.G.G.O.Colony Road: Rs 1,100 per sq.ft (2024)
• Block 13 Poosari Kadu: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 13 E.V.Nanjappa Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total charges to Rs 2,97,000. 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 13 E.V.Nanjappa Road?

The Sub Registrar Office that covers Block 13 E.V.Nanjappa Road 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 key factor in the registration of property transactions in Ward B. It is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value for which the property can be registered. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Block 13 E.V.Nanjappa Road?

The current guideline value of Block 13 E.V.Nanjappa Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

What were the guideline values in previous years?

The guideline values for Block 13 E.V.Nanjappa Road were Rs 3,000 per sq.ft in 2023, Rs 2,010 per sq.ft in 2017, Rs 3,000 per sq.ft in 2012, Rs 750 per sq.ft in 2007, Rs 501 per sq.ft in 2003, and Rs 447 per sq.ft in 2002.

How often is the guideline value revised?

The guideline value is revised periodically, with the most recent revision taking place in 2024. Historical revisions for this street include years 2002, 2003, 2007, 2012, 2017, and 2023.

What is the registration fee for property in Block 13 E.V.Nanjappa Road?

The registration fee for property transactions in Block 13 E.V.Nanjappa Road is calculated based on the guideline value. For example, for a property valued at Rs 33,00,000, the registration fee at 2% would be Rs 66,000.

Where can I find more information about the Sub Registrar Office?

More information about the Sub Registrar Office covering Block 13 E.V.Nanjappa Road can be found by visiting the Erode Joint I Sub Registrar Office located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009. You can also find your SRO online.