Guideline Value for Block 16 Agil Street Colony (Agil Medu Street)

Block 16 Agil Street Colony (Agil Medu Street) guideline value

The current guideline value for Block 16 Agil Street Colony (Agil Medu Street) is Rs 2,750 per sq.ft. This property is located in Ward A village and falls under the Erode Joint I SRO, classified as Commercial Class I Type - III.

How the guideline value of Block 16 Agil Street Colony (Agil Medu Street) has changed

The guideline value for Block 16 Agil Street Colony has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 105 per sq.ft. This increased significantly to Rs 1,150 per sq.ft in 2003, marking a remarkable change of +995%. The value then rose to Rs 1,750 per sq.ft in 2007, an increase of +52%. However, it experienced a decrease to Rs 2,500 per sq.ft in 2012, a change of -33%. In 2017, the guideline value rose again to Rs 1,675 per sq.ft, which was a +49% increase. The most recent revisions show the value at Rs 2,500 per sq.ft in 2023, followed by an increase to Rs 2,750 per sq.ft in 2024, reflecting a change of +10%.

Throughout these years, the overall change from the 2002 revision to the 2024 revision is a significant +2,519%. There are no figures available for revisions in the years not listed in the register for this street.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, placing Block 16 Agil Street Colony's 2024 figure above that median.

• Block 15 Sait Colony: Rs 2,750 per sq.ft (2024)
• Block 16 E.V.Nanjappa Main Road: Rs 6,600 per sq.ft (2024)
• Block 15 E.V.Nanjappa Nagar Road: Rs 6,600 per sq.ft (2024)
• Block 16 Nachiappa Street 1 & 2: Rs 2,750 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Block 16 Agil Street Colony (Agil Medu Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration would be Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 16 Agil Street Colony (Agil Medu Street)?

The Sub Registrar Office that covers Block 16 Agil Street Colony 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 A

The guideline value is an important factor when registering property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you proceed with a transaction, the guideline value will be used to calculate the total costs associated with registration, ensuring that all legal requirements are met during the buying or selling process.

Frequently asked questions

What is the current guideline value for Block 16 Agil Street Colony?

The current guideline value for Block 16 Agil Street Colony (Agil Medu Street) is Rs 2,750 per sq.ft as per the 2024 revision.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 105 per sq.ft to Rs 2,750 per sq.ft in 2024, reflecting an overall change of +2,519%.

What is the land classification for Block 16 Agil Street Colony?

Block 16 Agil Street Colony is classified as Commercial Class I Type - III.

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

The Sub Registrar Office for Block 16 Agil Street Colony 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 Block 16 Agil Street Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,92,500.