Guideline Value for Block 17 Annamalai Pillai Street

Block 17 Annamalai Pillai Street guideline value

The current guideline value of Block 17 Annamalai Pillai Street is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO and falls under the Residential Class III Type - I land classification.

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

The guideline value for Block 17 Annamalai Pillai Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 216 per sq.ft. This increased to Rs 245 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 350 per sq.ft in 2007, reflecting a 43% increase. In 2012, the value was Rs 500 per sq.ft, which was a 43% increase from the previous revision. However, there was a decline in 2017, with the value decreasing to Rs 335 per sq.ft, a drop of 33%. This was followed by a significant increase to Rs 700 per sq.ft in 2023, which represented a 109% rise. The most recent revision in 2024 has set the guideline value at Rs 771 per sq.ft, showing a 10% increase from 2023.

It is important to note that the register has no figure for this street in the years not mentioned above. Overall, from 2002 to 2024, the guideline value has increased by 257%.

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 guideline value for these streets is Rs 825 per sq.ft, positioning Block 17 Annamalai Pillai Street below this median.

• Block 17 Annamalai Pillai Lane: 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 17 Jeevanandham Street Main Road: Rs 1,100 per sq.ft (2024)
• Block 16 Nethaji Road: Rs 1,375 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, while the registration fee at 2% would be Rs 15,420. Together, the total cost for stamp duty and registration fee would be Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Block 17 Annamalai Pillai Street?

The Sub Registrar Office that covers Block 17 Annamalai Pillai Street 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 plays a crucial role in property transactions within Ward E. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, facilitating transparency in property dealings. It is advisable for buyers and sellers to check the latest guideline values to understand the financial implications of their transactions.

Frequently asked questions

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

The current guideline value of Block 17 Annamalai Pillai Street 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 216 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, representing an overall increase of 257% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970, and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which office handles the registration of properties in this area?

The Erode Joint I Sub Registrar Office handles the registration of properties in Block 17 Annamalai Pillai Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department's guidelines and is revised periodically based on various factors. It serves as a reference point for calculating stamp duty and registration fees during property transactions.