Guideline Value for Block 13 Varatharajan St

Block 13 Varatharajan St guideline value

The current guideline value of Block 13 Varatharajan St is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Block 13 Varatharajan St has changed

The guideline value for Block 13 Varatharajan St has seen several revisions over the years. In 2003, the value was Rs 270 per sq.ft, which increased to Rs 400 per sq.ft in 2007, marking a 48% rise. The value then jumped significantly to Rs 1,000 per sq.ft in 2012, reflecting a 150% increase. However, it decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,100 per sq.ft in 2024, which is a 10% rise.

Overall, from 2003 to 2024, the guideline value has increased by 307%. The register has no figure for the year 2002 for this street.

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 the median being Rs 1,100 per sq.ft. The guideline value of Block 13 Varatharajan St aligns with this median.

• Block 13 S.K.Chennimalai Street: Rs 1,100 per sq.ft (2024)
• Block 13 Poosari Kadu: Rs 1,100 per sq.ft (2024)
• Block 14 E.V.Nanajappa Road: Rs 3,300 per sq.ft (2024)
• Block 13 O.A.Ramasamy Street: Rs 1,650 per sq.ft (2024)
• Block 14 Kalaimagal School Road: Rs 1,375 per sq.ft (2024)
• Block 14 Kanthappa Lane: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 13 Varatharajan St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost to Rs 99,000. 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 Varatharajan St?

The Sub Registrar Office that covers Block 13 Varatharajan St 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 further assistance.

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

The guideline value is an essential factor during property registration in Ward B. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government records.

When buying or selling property, the guideline value serves as a reference point for the transaction value. It ensures transparency and fairness in property dealings, as the fees are calculated based on this established value.

Frequently asked questions

What is the current guideline value of Block 13 Varatharajan St?

The current guideline value of Block 13 Varatharajan St is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 270 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 307% over the years.

What is the land classification for Block 13 Varatharajan St?

Block 13 Varatharajan St is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What other streets have the same guideline value in Ward B?

Other streets in Ward B with the same guideline value of Rs 1,100 per sq.ft include Block 13 S.K.Chennimalai Street and Block 13 Poosari Kadu.

Where can I find the Sub Registrar Office for Block 13 Varatharajan St?

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