Guideline Value for Block 13 Old Railway Station Road

Block 13 Old Railway Station Road guideline value

The current guideline value for Block 13 Old Railway Station Road 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 and is classified as Residential Class III Type - I.

How the guideline value of Block 13 Old Railway Station Road has changed

The guideline value for Block 13 Old Railway Station Road has undergone several revisions over the years. The register shows that in 2002, the value was Rs 234 per sq.ft, which increased to Rs 265 per sq.ft in 2003, marking a rise of 13%. The value continued to rise, reaching Rs 350 per sq.ft in 2007, an increase of 32%. However, from 2007 to 2012, the value decreased to Rs 400 per sq.ft, reflecting a decline of 16%. The value then rose to Rs 335 per sq.ft in 2017, followed by a significant increase to Rs 700 per sq.ft in 2023, which was a rise of 109%. Currently, the value stands at Rs 771 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

There are no figures available for the years not mentioned in the register. The overall change from 2002 to 2024 represents an increase of 229% in the guideline value.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, and the 2024 figure for Block 13 Old Railway Station Road is below this median.

• Block 13 Old Arundhadhiyar Huts: 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 Railway Station Road

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 be 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 and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 13 Old Railway Station Road?

The Sub Registrar Office that covers Block 13 Old Railway Station Road 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 details.

How the guideline value is used when you buy or sell in Ward E

The guideline value is a crucial figure used during the registration of property transactions in Ward E. It determines the minimum value at which properties can be registered and is essential for calculating stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a standard value, which aids in maintaining transparency in property dealings. It is important for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value for Block 13 Old Railway Station Road?

The current guideline value for Block 13 Old Railway Station Road is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 234 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, representing an overall increase of 229%.

What is the land classification for Block 13 Old Railway Station Road?

Block 13 Old Railway Station Road is classified as Residential Class III Type - I.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 7,71,000, with a stamp duty of Rs 53,970 and a registration fee of Rs 15,420, totaling Rs 69,390.

Which office handles registrations for this area?

The Erode Joint I Sub Registrar Office handles registrations for Block 13 Old Railway Station Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.