Guideline Value for Block 16 Agrahara Street

Block 16 Agrahara Street guideline value

The current guideline value of Block 16 Agrahara Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, and it falls under the land classification of Residential Special Type - I.

How the guideline value of Block 16 Agrahara Street has changed

The guideline value for Block 16 Agrahara Street has seen several revisions over the years. In 2002, the guideline value was Rs 938 per sq.ft, which increased to Rs 1,052 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 1,250 per sq.ft in 2007, representing a +19% increase. Following this, the value jumped to Rs 2,000 per sq.ft in 2012, showing a significant increase of +60%. However, it then decreased to Rs 1,340 per sq.ft in 2017, reflecting a decline of -33%. The value increased again to Rs 2,000 per sq.ft in 2023, and most recently, it has risen to Rs 2,200 per sq.ft in 2024, which is a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +135%. There are no figures available for the revisions in years other than those mentioned above.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 798 per sq.ft, making the 2024 figure for Block 16 Agrahara Street above the median.

• Block 16 Cauvery Road: Rs 3,300 per sq.ft (2024)
• Block 15 R.K. Venkitasamy Street: Rs 7,700 per sq.ft (2024)
• Block 15 Municipal Lane: Rs 2,530 per sq.ft (2024)
• Block 16 Jinna Street: Rs 2,750 per sq.ft (2024)
• Block 15 Market Lane: Rs 2,530 per sq.ft (2024)
• Block 16 Market Road: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Block 16 Agrahara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees together Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 16 Agrahara Street?

The Sub Registrar Office that covers Block 16 Agrahara Street 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 D

The guideline value is a crucial factor during the registration of property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Block 16 Agrahara Street?

The current guideline value of Block 16 Agrahara Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 938 per sq.ft to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +135% over this period.

What is the land classification for Block 16 Agrahara Street?

Block 16 Agrahara Street is classified as Residential Special Type - I.

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

The Sub Registrar Office for Block 16 Agrahara Street 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 of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.