Guideline Value for Block 17 Annamalai Pillai Lane

Block 17 Annamalai Pillai Lane guideline value

The current guideline value of Block 17 Annamalai Pillai Lane is Rs 771 per sq.ft. This property is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 17 Annamalai Pillai Lane has changed

The guideline value for Block 17 Annamalai Pillai Lane has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 198 per sq.ft. It increased to Rs 224 per sq.ft in 2003, followed by a rise to Rs 350 per sq.ft in 2007. The 2012 revision saw a decrease to Rs 500 per sq.ft, which was then revised to Rs 335 per sq.ft in 2017. The value significantly increased to Rs 700 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 771 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 289%.

Between the revisions, notable changes include a 13% increase from 2002 to 2003, a 56% increase from 2003 to 2007, a 43% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 109% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 825 per sq.ft, which means that the guideline value for Block 17 Annamalai Pillai Lane is below this median.

• Block 17 Annamalai Pillai Street: Rs 771 per sq.ft (2024)
• Block 16 Rajaji Street: Rs 825 per sq.ft (2024)
• Block 17 E.V. Ramasamy Street: Rs 771 per sq.ft (2024)
• Block 16 Nethaji Road: Rs 1,375 per sq.ft (2024)
• Block 17 Jeevanandham Street Main Road: Rs 1,100 per sq.ft (2024)
• Block 17 Kadhar Moydhin Lane: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 17 Annamalai Pillai Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 69,390. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 17 Annamalai Pillai Lane?

The Sub Registrar Office that covers Block 17 Annamalai Pillai Lane is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the 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 when registering property transactions in Ward E. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When buying or selling property, the guideline value helps in determining the official value of the property, which is used by the registration department to assess applicable fees. This process ensures transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Block 17 Annamalai Pillai Lane?

The current guideline value of Block 17 Annamalai Pillai Lane 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 198 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of 289% over this period.

What is the land classification for Block 17 Annamalai Pillai Lane?

Block 17 Annamalai Pillai Lane is classified as Residential Class III Type - I.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 771 per sq.ft incurs a stamp duty of Rs 53,970.

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

The Sub Registrar Office for Block 17 Annamalai Pillai Lane is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.