Guideline Value for Block 14 Subbaian Street

Block 14 Subbaian Street guideline value

The current guideline value for Block 14 Subbaian Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO and falls under the Residential Class III Type - II land classification.

How the guideline value of Block 14 Subbaian Street has changed

The guideline value for Block 14 Subbaian Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 185 per sq.ft. This increased to Rs 208 per sq.ft in 2003, a rise of 12%. In 2007, the value further increased to Rs 300 per sq.ft, marking a 44% change. The 2012 revision saw a decrease to Rs 500 per sq.ft, which was a 67% increase from the previous figure. In 2017, the guideline value rose significantly to Rs 335 per sq.ft, reflecting a decrease of 33% from 2012. The value then surged to Rs 700 per sq.ft in 2023, which was a remarkable increase of 109%. The most recent revision in 2024 set the guideline value at Rs 770 per sq.ft, a 10% increase from the previous year.

There are no figures available for any revisions prior to 2002 or after 2024 for this street in the register.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, indicating that Block 14 Subbaian Street's 2024 figure is below that median.

• Block 14 Rajaji Street (Puram): Rs 770 per sq.ft (2024)
• Block 15 Cauvery Road Main Road Part 1: Rs 1,375 per sq.ft (2024)
• Block 15 Janakiammal Layout: Rs 1,100 per sq.ft (2024)
• Block 14 Kannaian Street 1-5: Rs 770 per sq.ft (2024)
• Block 14 Kannaian Layout: Rs 770 per sq.ft (2024)
• Block 15 Municipal Higher Secondary School Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 14 Subbaian Street

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, charged at 7%, would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total cost for stamp duty and registration would be Rs 69,300. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Block 14 Subbaian Street?

The Sub Registrar Office that covers Block 14 Subbaian Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone.

To find more information about your specific SRO, you can find your SRO.

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

The guideline value is a critical factor when buying or selling property in Ward C. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the established legal framework.

Frequently asked questions

What is the current guideline value for Block 14 Subbaian Street?

The current guideline value for Block 14 Subbaian Street is Rs 770 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 185 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 316% over this period.

What is the registration office for Block 14 Subbaian Street?

The registration office covering Block 14 Subbaian Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 7,70,000.

Where can I find more information about stamp duty?

For more detailed calculations regarding stamp duty and registration fees, you can use the stamp duty and registration fee calculator.