Guideline Value for Block 15 Annamalai Pillai Street

Block 15 Annamalai Pillai Street guideline value

The current guideline value for Block 15 Annamalai Pillai Street is Rs 772 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, classified as Residential Class II Type - III.

How the guideline value of Block 15 Annamalai Pillai Street has changed

The guideline value for Block 15 Annamalai Pillai Street has seen several revisions over the years. In 2002, the value was Rs 235 per sq.ft, which increased to Rs 266 per sq.ft in 2003, marking a change of +13%. The value then rose significantly to Rs 350 per sq.ft in 2007, a change of +32%. In 2012, the value increased to Rs 600 per sq.ft, reflecting a +71% change. However, in 2017, the value dropped to Rs 402 per sq.ft, a decrease of -33%. The value saw a substantial increase to Rs 700 per sq.ft in 2023, with a +74% change, and finally, it reached Rs 772 per sq.ft in 2024, an increase of +10%.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by +229%.

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. The median guideline value in this area is Rs 825 per sq.ft, placing Block 15 Annamalai Pillai Street's 2024 figure below that median.

• Block 15 Alamarathu Huts (Anthoniyar Street): Rs 771 per sq.ft (2024)
• Block 15 Jeevanandham Road (Main Road): Rs 1,375 per sq.ft (2024)
• Block 15 Kalyanasundaram Road: Rs 771 per sq.ft (2024)
• Block 15 Kanaku Pillai Kadu: Rs 771 per sq.ft (2024)
• Block 14 Nethaji Road Part-2: Rs 1,375 per sq.ft (2024)
• Block 15 Nethaji Road Part-1: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 15 Annamalai Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 772 per sq.ft, the total guideline value amounts to Rs 7,72,000. The stamp duty at 7% would be Rs 54,040, and the registration fee at 2% would be Rs 15,440, totaling Rs 69,480. It is important to note that 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 15 Annamalai Pillai Street?

The Sub Registrar Office that covers Block 15 Annamalai Pillai 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 your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Ward E. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buyers and sellers engage in a property transaction, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 15 Annamalai Pillai Street?

The current guideline value for Block 15 Annamalai Pillai Street is Rs 772 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 235 per sq.ft in 2002 to Rs 772 per sq.ft in 2024, reflecting an overall increase of +229% over the years.

What is the land classification for Block 15 Annamalai Pillai Street?

Block 15 Annamalai Pillai Street is classified as Residential Class II Type - III.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Block 15 Annamalai Pillai Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 54,040 at 7%.