Guideline Value for Block 13 E.V.R. Huts

Block 13 E.V.R. Huts guideline value

The current guideline value of Block 13 E.V.R. Huts is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Ward C village under the Erode Joint I SRO and is classified as Residential Class III Type - II.

How the guideline value of Block 13 E.V.R. Huts has changed

The guideline value for Block 13 E.V.R. Huts has seen several revisions over the years. In 2002, the guideline value was Rs 167 per sq.ft, which increased to Rs 188 per sq.ft in 2003, marking a 13% rise. The value continued to rise, reaching Rs 200 per sq.ft in 2007, a 6% increase from the previous year. By 2012, the value had increased to Rs 500 per sq.ft, reflecting a significant 150% growth. However, it then dropped to Rs 335 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 700 per sq.ft in 2023, and finally, it is set at Rs 770 per sq.ft from 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 361%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median value in this area is Rs 1,375 per sq.ft, placing Block 13 E.V.R. Huts below this median.

• Block 13 Gandhipuram Road: Rs 771 per sq.ft (2024)
• Block 13 Mill Huts: Rs 770 per sq.ft (2024)
• Block 13 Mill Road: Rs 770 per sq.ft (2024)
• Block 12 Veerapathira Road: Rs 2,750 per sq.ft (2024)
• Block 13 Park Road (or) Thangavel Road: Rs 2,750 per sq.ft (2024)
• Block 13 Rajajipuram (Puram): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 13 E.V.R. Huts

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block 13 E.V.R. Huts?

The Sub Registrar Office that covers Block 13 E.V.R. Huts 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 during the registration process when buying or selling property in Ward C. It determines the minimum value at which the property can be registered and affects the stamp duty and registration fees payable by the buyer.

Frequently asked questions

What is the current guideline value of Block 13 E.V.R. Huts?

The current guideline value of Block 13 E.V.R. Huts is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 167 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 361%.

What are the stamp duty and registration fees for property in Block 13 E.V.R. Huts?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 69,300.

Which Sub Registrar Office covers this area?

The Erode Joint I Sub Registrar Office covers Block 13 E.V.R. Huts, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification of Block 13 E.V.R. Huts?

Block 13 E.V.R. Huts is classified as Residential Class III Type - II under the Erode Joint I SRO.