Guideline Value for Block 16 Jeevanandham Road (Main Road)

Block 16 Jeevanandham Road (Main Road) guideline value

The current guideline value of Block 16 Jeevanandham Road (Main Road) is Rs 1,375 per sq.ft, effective from 1 July 2024. This street 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 16 Jeevanandham Road (Main Road) has changed

The guideline value for Block 16 Jeevanandham Road (Main Road) has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 900 per sq.ft. This increased to Rs 1,250 per sq.ft in 2012, marking a 39% rise. However, it then decreased to Rs 837 per sq.ft in 2017, a decline of 33%. Following this, the value surged to Rs 1,250 per sq.ft in 2023, and further increased to Rs 1,375 per sq.ft in 2024, reflecting a 10% rise from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 53%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that have 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 16 Jeevanandham Road (Main Road) is above this median.

• Block 16 Chinnusamy Road: Rs 771 per sq.ft (2024)
• Block 16 Annamalai Street: Rs 1,100 per sq.ft (2024)
• Block 16 Muthukumarasamy Nagar(Singaravelu Street): Rs 825 per sq.ft (2024)
• Block 16 Nethaji Road: Rs 1,375 per sq.ft (2024)
• Block 15 Old Railway Station Road: Rs 771 per sq.ft (2024)
• Block 15 Nethaji Road Part-1: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 16 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 would be Rs 13,75,000. The stamp duty at 7% would amount to Rs 96,250, and the registration fee at 2% would be Rs 27,500, bringing the total to 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.

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

Which Sub Registrar Office covers Block 16 Jeevanandham Road (Main Road)?

The Sub Registrar Office that covers Block 16 Jeevanandham Road (Main Road) is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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 that must be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction is compliant with the legal requirements. This value helps in standardizing property transactions and ensuring transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Block 16 Jeevanandham Road (Main Road)?

The current guideline value of Block 16 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 several times, starting from Rs 900 per sq.ft in 2007 to Rs 1,375 per sq.ft in 2024. Notably, there was a significant increase of 49% from 2017 to 2023.

What is the land classification of Block 16 Jeevanandham Road (Main Road)?

Block 16 Jeevanandham Road (Main Road) is classified as Residential Class I Type - III.

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

For a property valued at 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 the registration for this area?

The Erode Joint I Sub Registrar Office handles the registration for Block 16 Jeevanandham Road (Main Road), located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.