Guideline Value for Block 15 Jeevanandham Road (Main Road)

Block 15 Jeevanandham Road (Main Road) guideline value

The current guideline value for Block 15 Jeevanandham Road (Main Road) is Rs 1,375 per sq.ft, effective from 1 July 2024. This property is located in Ward E village under the Erode Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Block 15 Jeevanandham Road (Main Road) has changed

The guideline value for Block 15 Jeevanandham Road has undergone several revisions over the years. Starting from the 2002 revision, the value was set at Rs 630 per sq.ft. This increased to Rs 712 per sq.ft in 2003, marking a 13% rise. The value continued to increase to Rs 900 per sq.ft in 2007, which was a 26% increase from the previous year. The 2012 revision saw a decline, with the value set at Rs 1,250 per sq.ft, a decrease of 33% from the 2007 figure. In 2017, the value rebounded to Rs 837 per sq.ft, showing a 49% increase from 2012. The 2023 revision set the value at Rs 1,250 per sq.ft, and the latest revision in 2024 has raised it to Rs 1,375 per sq.ft, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 118%. There are no figures available for the revisions of the years not mentioned in the register for this street.

Guideline values in Ward E

In Ward E, there are 196 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 a median value of Rs 825 per sq.ft. The guideline value for Block 15 Jeevanandham Road (Main Road) is above this median.

• Block 15 Kalyanasundaram Road: Rs 771 per sq.ft (2024)
• Block 15 Kanaku Pillai Kadu: Rs 771 per sq.ft (2024)
• Block 15 Annamalai Pillai Street: Rs 772 per sq.ft (2024)
• Block 15 Alamarathu Huts (Anthoniyar Street): Rs 771 per sq.ft (2024)
• Block 15 Nethaji Road Part-1: Rs 1,375 per sq.ft (2024)
• Block 15 Old Railway Station Road: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 15 Jeevanandham Road (Main Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value amounts to Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, making the total cost for these fees Rs 1,23,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 15 Jeevanandham Road (Main Road)?

The Sub Registrar Office covering Block 15 Jeevanandham Road (Main Road) is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ward E. It is used to determine the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers must be aware of the current guideline values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Block 15 Jeevanandham Road?

The current guideline value for Block 15 Jeevanandham Road (Main Road) is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 630 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 118% over the years.

What are the stamp duty and registration fees for properties on this road?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 13,75,000. The stamp duty would be Rs 96,250 and the registration fee would be Rs 27,500, totaling Rs 1,23,750.

Which office handles registrations for this area?

The Erode Joint I Sub Registrar Office handles registrations for Block 15 Jeevanandham Road (Main Road), located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including the classification of the land and its location within the village.