Guideline Value for Block 17 Ayyanarappan Kovil Street 1,2,3a

Block 17 Ayyanarappan Kovil Street 1,2,3a guideline value

The current guideline value for Block 17 Ayyanarappan Kovil Street 1,2,3a is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward D, under the Erode Joint I SRO, and is classified as Residential Class II Type - II.

How the guideline value of Block 17 Ayyanarappan Kovil Street 1,2,3a has changed

The guideline value for Block 17 Ayyanarappan Kovil Street has seen several revisions over the years. In 2002, the guideline value was Rs 260 per sq.ft, which increased to Rs 293 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 350 per sq.ft in 2007, showing an increase of +19%. Following this, there was a significant jump to Rs 750 per sq.ft in 2012, reflecting a change of +114%. However, the value dropped to Rs 502 per sq.ft in 2017, a decrease of -33%. The guideline value then increased to Rs 750 per sq.ft in 2023, and it has now risen to Rs 825 per sq.ft in 2024, which is a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +217%. There are no figures available for the revisions of years not mentioned in the register for this street.

Guideline values in Ward D

In Ward D, the guideline values range from Rs 770 to Rs 7,700 per sq.ft as of 2024, with a median value of Rs 798 per sq.ft. The guideline value for Block 17 Ayyanarappan Kovil Street 1,2,3a is above this median.

• Block 17 Cauvery Road: Rs 3,300 per sq.ft (2024)
• Block 16 Valaiyakara Street: Rs 1,375 per sq.ft (2024)
• Block 17 Jayaram Lane: Rs 770 per sq.ft (2024)
• Block 16 R.K. Venkatasamy Street: Rs 7,700 per sq.ft (2024)
• Block 17 Keerakara Street (or) Marimuthu Street: Rs 825 per sq.ft (2024)
• Block 17 Meera Moydhin Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 17 Ayyanarappan Kovil Street 1,2,3a

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, resulting in a total of Rs 74,250. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Block 17 Ayyanarappan Kovil Street 1,2,3a?

The Sub Registrar Office that covers Block 17 Ayyanarappan Kovil Street 1,2,3a 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 D

The guideline value is a critical factor in the registration process when buying or selling property in Ward D. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from transactions.

When a buyer and seller agree on a sale price, the guideline value is used to assess stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price. This ensures transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Block 17 Ayyanarappan Kovil Street 1,2,3a?

The current guideline value for Block 17 Ayyanarappan Kovil Street 1,2,3a is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 260 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, marking an overall increase of +217% over the years.

What is the registration office for this street?

The registration office for Block 17 Ayyanarappan Kovil Street 1,2,3a is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is 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 8,25,000, the stamp duty would be Rs 57,750 at a rate of 7%.

What other streets are in Ward D?

Other streets in Ward D include Block 17 Cauvery Road, Block 16 Valaiyakara Street, Block 17 Jayaram Lane, Block 16 R.K. Venkatasamy Street, Block 17 Keerakara Street (or) Marimuthu Street, and Block 17 Meera Moydhin Street, with varying guideline values.