Guideline Value for Block 17 A.P.Thangavel Chettiar Street

Block 17 A.P.Thangavel Chettiar Street guideline value

The current guideline value for Block 17 A.P.Thangavel Chettiar Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Block 17 A.P.Thangavel Chettiar Street has changed

The guideline value for Block 17 A.P.Thangavel Chettiar Street has undergone several revisions over the years. The earliest recorded value was Rs 482 per sq.ft in 2002. This increased to Rs 828 per sq.ft in 2003, marking a change of +72%. The value then rose significantly to Rs 1,500 per sq.ft in 2007, which was an increase of +81%. Following this, in 2012, the value was recorded at Rs 2,500 per sq.ft, representing a +67% change from the previous revision. However, the value decreased to Rs 1,675 per sq.ft in 2017, a decline of -33%. The guideline value then increased to Rs 2,500 per sq.ft in 2023, and most recently to Rs 2,750 per sq.ft in 2024, reflecting a +10% increase.

Overall, from 2002 to 2024, the guideline value has risen by +471%. The register has no figures for any years beyond those listed.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a guideline value range for 2024 from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, placing Block 17 A.P.Thangavel Chettiar Street's value above this median.

• Block 17 Bhavani Street: Rs 1,375 per sq.ft (2024)
• Block 16 Pallapattiyar Thotta Huts: Rs 770 per sq.ft (2024)
• Block 16 New Masudi Street: Rs 2,750 per sq.ft (2024)
• Block 17 New Masjith Street: Rs 2,750 per sq.ft (2024)
• Block 17 Ottukara Chinnaian Street: Rs 1,100 per sq.ft (2024)
• Block 16 Municipal Higher Secondary School Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 17 A.P.Thangavel Chettiar Street

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

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

Which Sub Registrar Office covers Block 17 A.P.Thangavel Chettiar Street?

The Sub Registrar Office that covers Block 17 A.P.Thangavel Chettiar 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 C

The guideline value is a crucial factor during the registration of property transactions in Ward C. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 17 A.P.Thangavel Chettiar Street?

The current guideline value for Block 17 A.P.Thangavel Chettiar Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 482 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of +471% over the years.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 2,47,500.

Which office handles property registrations for this street?

The Erode Joint I Sub Registrar Office handles property registrations for Block 17 A.P.Thangavel Chettiar Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 17 A.P.Thangavel Chettiar Street?

Block 17 A.P.Thangavel Chettiar Street is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.