Guideline Value for Block 15 Nethaji Road Part-1

Block 15 Nethaji Road Part-1 guideline value

The current guideline value of Block 15 Nethaji Road Part-1 is Rs 1,375 per sq.ft. This property is located in Ward E village under the Erode Joint I SRO, classified as Residential Class I Type - III.

How the guideline value of Block 15 Nethaji Road Part-1 has changed

The guideline value for Block 15 Nethaji Road Part-1 has seen several revisions over the years. In 2002, the value was Rs 622 per sq.ft, which increased to Rs 703 per sq.ft in 2003, marking a change of +13%. The value continued to rise to Rs 900 per sq.ft in 2007, an increase of +28%. However, it saw a decrease to Rs 837 per sq.ft in 2017, a drop of -33%. Following this, the value rose significantly to Rs 1,250 per sq.ft in 2023, reflecting a +49% increase. The most recent revision in 2024 set the guideline value at Rs 1,375 per sq.ft, a +10% increase from the previous year.

There are no figures available for this street in the revisions of 2012 and earlier years, but the overall change from 2002 to 2024 is +121%.

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 Nethaji Road Part-1 is above this median.

• Block 15 Old Railway Station Road: Rs 771 per sq.ft (2024)
• Block 15 Kanaku Pillai Kadu: Rs 771 per sq.ft (2024)
• Block 15 Kalyanasundaram Road: Rs 771 per sq.ft (2024)
• Block 16 Annamalai Street: Rs 1,100 per sq.ft (2024)
• Block 15 Jeevanandham Road (Main Road): Rs 1,375 per sq.ft (2024)
• Block 16 Chinnusamy Road: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 15 Nethaji Road Part-1

For a 1,000 sq.ft plot at the current rate of Rs 1,375 per sq.ft, the 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, totaling Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 15 Nethaji Road Part-1?

The Sub Registrar Office that covers Block 15 Nethaji Road Part-1 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 E

The guideline value is a crucial factor when registering property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is considered alongside the sale price, with the higher amount being used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the current market standards set by the registration department.

Frequently asked questions

What is the current guideline value of Block 15 Nethaji Road Part-1?

The current guideline value of Block 15 Nethaji Road Part-1 is Rs 1,375 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 622 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of +121% over the years.

What is the land classification for Block 15 Nethaji Road Part-1?

Block 15 Nethaji Road Part-1 is classified as Residential Class I Type - III.

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

The Sub Registrar Office for Block 15 Nethaji Road Part-1 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250 at 7%.