Guideline Value for Block 15 Old Railway Station Road

Block 15 Old Railway Station Road guideline value

The current guideline value of Block 15 Old Railway Station Road is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward E village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 15 Old Railway Station Road has changed

The guideline value for Block 15 Old Railway Station Road has undergone several revisions over the years. In 2002, the guideline value was Rs 239 per sq.ft, which increased to Rs 271 per sq.ft in 2003, marking a 13% rise. The value then saw a further increase to Rs 350 per sq.ft in 2007, representing a 29% change. By 2012, the value adjusted to Rs 500 per sq.ft, which was a 43% increase from the previous revision. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, reflecting a 33% drop. The 2017 revision set the guideline value at Rs 335 per sq.ft, which then surged to Rs 700 per sq.ft in 2023, showing a significant 109% increase. The current value in 2024 stands at Rs 771 per sq.ft, a 10% increase from the previous year.

There are no revisions with figures missing for this street in the register. Overall, from 2002 to 2024, the guideline value has increased by 223%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Block 15 Old Railway Station Road below this median.

• Block 15 Nethaji Road Part-1: Rs 1,375 per sq.ft (2024)
• Block 16 Annamalai Street: Rs 1,100 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 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 Old Railway Station Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, totaling Rs 69,390. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 15 Old Railway Station Road?

The Sub Registrar Office covering Block 15 Old Railway Station 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property 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 higher of the guideline value and the sale price is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Block 15 Old Railway Station Road?

The current guideline value of Block 15 Old Railway Station Road is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 239 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of 223%.

What is the land classification for Block 15 Old Railway Station Road?

Block 15 Old Railway Station Road is classified as Residential Class III Type - I.

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

The stamp duty is 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the same. For a 1,000 sq.ft plot, the total fees would amount to Rs 69,390.

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

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