Guideline Value for Block 15 Janakiammal Layout

Block 15 Janakiammal Layout guideline value

The current guideline value of Block 15 Janakiammal Layout is Rs 1,100 per sq.ft, effective from 1 July 2024. This layout is located in Ward C village, under the Erode Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Block 15 Janakiammal Layout has changed

The guideline value for Block 15 Janakiammal Layout has seen several revisions over the years. In 2002, the value was Rs 234 per sq.ft, which increased to Rs 263 per sq.ft in 2003, marking a 12% rise. The value then experienced a significant increase of 185% to reach Rs 750 per sq.ft in 2007. Following this, the value rose by 33% to Rs 1,000 per sq.ft in 2012. However, there was a decrease of 33% in 2017, bringing it down to Rs 670 per sq.ft. The value saw a substantial increase of 49% to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for revisions in the years not listed above. The overall change from 2002 to 2024 indicates a significant increase of 370% in the guideline value.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with 2024 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, placing Block 15 Janakiammal Layout below this median.

• Block 15 Cauvery Road Main Road Part 1: Rs 1,375 per sq.ft (2024)
• Block 15 Municipal Higher Secondary School Street: Rs 1,100 per sq.ft (2024)
• Block 14 Subbaian Street: Rs 770 per sq.ft (2024)
• Block 15 Sahan Saibu Street: Rs 771 per sq.ft (2024)
• Block 14 Rajaji Street (Puram): Rs 770 per sq.ft (2024)
• Block 16 Cauvery Road Main Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 15 Janakiammal Layout

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, charged at 7%, would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000. Together, the total cost for these fees would be Rs 99,000. It is important to note that the 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 Janakiammal Layout?

The Sub Registrar Office that covers Block 15 Janakiammal Layout 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 more details.

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

The guideline value is a critical factor when registering property transactions in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold or purchased, the guideline value is used to calculate the necessary fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Block 15 Janakiammal Layout?

The current guideline value of Block 15 Janakiammal Layout 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 234 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 370% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000, resulting in a stamp duty of Rs 77,000 and a registration fee of Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Block 15 Janakiammal Layout?

The Erode Joint I Sub Registrar Office handles registrations for Block 15 Janakiammal Layout, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the fees are in line with local regulations and helps avoid discrepancies during registration.