Guideline Value for Block 15 E.V.Nanjappa Nagar Road

Block 15 E.V.Nanjappa Nagar Road guideline value

The current guideline value of Block 15 E.V.Nanjappa Nagar Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Ward A village under the Erode Joint I SRO, classified as Commercial Special Type - I.

How the guideline value of Block 15 E.V.Nanjappa Nagar Road has changed

The guideline value for Block 15 E.V.Nanjappa Nagar Road has seen several revisions over the years. The 2012 revision set the value at Rs 6,000 per sq.ft, which decreased to Rs 4,020 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 6,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 reflected a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register shows no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward A

In Ward A, there are 111 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 value for these streets is Rs 1,375 per sq.ft, placing Block 15 E.V.Nanjappa Nagar Road above this median.

• Block 15 A.Veerapathraroad 1.2.3 (or) Sakthi Road Main Road: Rs 3,300 per sq.ft (2024)
• Block 15 A.Veerapathra Road 1.2.3 (or) Sakthi Main Road: Rs 3,300 per sq.ft (2024)
• Block 15 Agil Medu Street: Rs 2,750 per sq.ft (2024)
• Block 14 Veerapathra Road (or) Sathy Road: Rs 3,300 per sq.ft (2024)
• Block 14 Veerapathra Road (OR) Sakthi Road 1.2.3 Main Road: Rs 3,300 per sq.ft (2024)
• Block 14 New Market (or) New Busstand Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 15 E.V.Nanjappa Nagar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total cost for these fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 15 E.V.Nanjappa Nagar Road?

The Sub Registrar Office that covers Block 15 E.V.Nanjappa Nagar Road 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 additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay 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 appropriate fees are collected by the government.

Frequently asked questions

What is the current guideline value of Block 15 E.V.Nanjappa Nagar Road?

The current guideline value of Block 15 E.V.Nanjappa Nagar Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, which is a 10% increase. The value was Rs 4,020 per sq.ft in 2017 and Rs 6,000 per sq.ft in 2012.

What is the land classification for Block 15 E.V.Nanjappa Nagar Road?

Block 15 E.V.Nanjappa Nagar Road is classified as Commercial Special Type - I.

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

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000. These fees are based on the guideline value.

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

The Sub Registrar Office for Block 15 E.V.Nanjappa Nagar Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.