Guideline Value for Block 13 Nataraja Theatre Huts

Block 13 Nataraja Theatre Huts guideline value

The current guideline value for Block 13 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, classified as Residential Class III Type - I.

How the guideline value of Block 13 Nataraja Theatre Huts has changed

The guideline value for Block 13 Nataraja Theatre Huts has seen significant changes over the years. In 2002, the value was Rs 109 per sq.ft. This increased to Rs 124 per sq.ft in 2003, marking a 14% rise. The value then rose to Rs 200 per sq.ft in 2007, a 61% increase, and further climbed to Rs 300 per sq.ft in 2012, reflecting a 50% change. By 2017, the guideline value reached Rs 335 per sq.ft, which was a 12% increase from the previous revision. The most recent revisions show a jump to Rs 700 per sq.ft in 2023, followed by a further increase to Rs 771 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 607%. The register has no figures for the years between 2017 and 2023 for this street.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO with 2024 guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, indicating that the 2024 figure for Block 13 Nataraja Theatre Huts is below this median.

• Block 13 Old Arundhadhiyar Huts: Rs 771 per sq.ft (2024)
• Block 13 Old Railway Station Road: Rs 771 per sq.ft (2024)
• Block 13 Karur Road: Rs 771 per sq.ft (2024)
• Block 14 Chatram Street: Rs 772 per sq.ft (2024)
• Block 12 Patchiamman Kovil Street: Rs 770 per sq.ft (2024)
• Block 12 Old Railway Station Road: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 13 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, making the total fees Rs 69,390. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 13 Nataraja Theatre Huts?

The Sub Registrar Office that covers Block 13 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 an important factor in property transactions in Ward E. It serves as a benchmark for determining the value of properties during registration. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted at a fair and standardized rate.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the market.

Frequently asked questions

What is the current guideline value for Block 13 Nataraja Theatre Huts?

The current guideline value for Block 13 Nataraja Theatre Huts is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 109 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, representing an overall increase of 607% over the years.

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

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970 and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which office handles property registrations for Block 13 Nataraja Theatre Huts?

The Erode Joint I Sub Registrar Office handles property registrations for Block 13 Nataraja Theatre Huts, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 13 Nataraja Theatre Huts?

Block 13 Nataraja Theatre Huts is classified as Residential Class III Type - I, indicating its use for residential purposes.