Guideline Value for Block 13 Old Arundhadhiyar Huts

Block 13 Old Arundhadhiyar Huts guideline value

The current guideline value for Block 13 Old Arundhadhiyar 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 Old Arundhadhiyar Huts has changed

The guideline value for Block 13 Old Arundhadhiyar Huts has seen significant changes over the years. In 2002, the guideline value was Rs 109 per sq.ft, which 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, followed by a 50% increase to Rs 300 per sq.ft in 2012. By 2017, the value increased by 12% to Rs 335 per sq.ft, and from 2017 to 2023, the value surged by 109% to reach Rs 700 per sq.ft. The most recent revision in 2024 saw the guideline value rise by 10% to Rs 771 per sq.ft.

There are no figures available for revisions prior to 2002 or for any other years not listed in the register for this street.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 13 Old Arundhadhiyar Huts is below this median.

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

Stamp duty and registration fee for property in Block 13 Old Arundhadhiyar 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 to Rs 69,390. Duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 13 Old Arundhadhiyar Huts?

The Sub Registrar Office that covers Block 13 Old Arundhadhiyar 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 crucial factor in the registration process when buying or selling property in Ward E. It determines the amount of stamp duty and registration fees that need to be paid during the transaction, ensuring that the government receives the appropriate revenue from property sales.

When a property is registered, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the property is valued appropriately for taxation purposes.

Frequently asked questions

What is the current guideline value of Block 13 Old Arundhadhiyar Huts?

The current guideline value of Block 13 Old Arundhadhiyar 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 from Rs 109 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of 607% over the years.

What is the registration office for Block 13 Old Arundhadhiyar Huts?

The registration office for Block 13 Old Arundhadhiyar Huts is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 771 per sq.ft, the stamp duty would be Rs 53,970.

What is the land classification for Block 13 Old Arundhadhiyar Huts?

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