Guideline Value for Block 17 E.V. Ramasamy Street

Block 17 E.V. Ramasamy Street guideline value

The current guideline value of Block 17 E.V. Ramasamy 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 is classified as Residential Class III Type - I.

How the guideline value of Block 17 E.V. Ramasamy Street has changed

The guideline value for Block 17 E.V. Ramasamy Street has undergone several revisions over the years. The earliest recorded value was Rs 350 per sq.ft in 2007, which increased to Rs 500 per sq.ft in 2012. However, this was followed by a decrease to Rs 335 per sq.ft in 2017. The value then saw significant growth, reaching Rs 700 per sq.ft in 2023, and finally rising to Rs 771 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 120%. It is important to note that the register has no figures for this street in 2002 and 2003.

Guideline values in Ward E

In Ward E, there are a total of 196 streets under the Erode Joint I SRO with 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, indicating that the 2024 guideline value for Block 17 E.V. Ramasamy Street is below this median.

• Block 17 Jeevanandham Street Main Road: Rs 1,100 per sq.ft (2024)
• Block 17 Kadhar Moydhin Lane: Rs 771 per sq.ft (2024)
• Block 17 Kadhar Moydhin Street: Rs 771 per sq.ft (2024)
• Block 17 Annamalai Pillai Street: Rs 771 per sq.ft (2024)
• Block 17 Annamalai Pillai Lane: Rs 771 per sq.ft (2024)
• Block 17 Municipal Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 17 E.V. Ramasamy 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, and the registration fee at 2% would be Rs 15,420, bringing the total fees to 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 more details.

Which Sub Registrar Office covers Block 17 E.V. Ramasamy Street?

The Sub Registrar Office that covers Block 17 E.V. Ramasamy 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 is a crucial factor in the registration of property transactions in Ward E. It serves as a baseline for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 17 E.V. Ramasamy Street?

The current guideline value for Block 17 E.V. Ramasamy Street is Rs 771 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 350 per sq.ft in 2007 to Rs 771 per sq.ft in 2024, representing an overall increase of 120% over this period.

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

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 should I contact for property registration in Erode?

The Erode Joint I Sub Registrar Office is responsible for property registration in this area, 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 and is based on various factors, including land classification and historical revisions of property values in the area.