Guideline Value for Block 17 E.V.Nanjappa Road Main Road

Block 17 E.V.Nanjappa Road Main Road guideline value

The current guideline value of Block 17 E.V.Nanjappa Road Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO and is classified as Commercial Special Type - I.

How the guideline value of Block 17 E.V.Nanjappa Road Main Road has changed

The guideline value has undergone several revisions since 2002. In 2002, the value was Rs 105 per sq.ft, which increased significantly to Rs 1,293 per sq.ft in 2003, marking a change of +1131%. The value continued to rise, reaching Rs 2,000 per sq.ft in 2007, a change of +55%. By 2012, the value was Rs 6,000 per sq.ft, reflecting a substantial increase of +200% from the previous revision. However, it then dropped to Rs 4,020 per sq.ft in 2017, a decrease of -33%. The value rose again to Rs 6,000 per sq.ft in 2023, and currently stands at Rs 6,600 per sq.ft in 2024, which is a change of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +6186%. There are no figures available for revisions in the years not listed in the register for this street.

Guideline values in Ward A

Within Ward A, there are 111 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 1,375 per sq.ft, placing Block 17 E.V.Nanjappa Road Main Road above this median.

• Block 17 Akilmedu Street Colony Akilmedu Street: Rs 2,750 per sq.ft (2024)
• Block 16 Sait Colony: Rs 2,750 per sq.ft (2024)
• Block 17 Sait Colony: Rs 2,750 per sq.ft (2024)
• Block 16 Nachiappa Street 1 & 2: Rs 2,750 per sq.ft (2024)
• Block 17 Vasugi Street: Rs 2,530 per sq.ft (2024)
• Block 18 Agil Medu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Block 17 E.V.Nanjappa Road Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 17 E.V.Nanjappa Road Main Road?

The Sub Registrar Office that covers Block 17 E.V.Nanjappa Road Main Road 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 details.

How the guideline value is used when you buy or sell in Ward A

The guideline value is a critical factor when registering property transactions in Ward A. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Block 17 E.V.Nanjappa Road Main Road?

The current guideline value of Block 17 E.V.Nanjappa Road Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 105 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of +6186% over this period.

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

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office covers this property?

The property is covered by the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the median guideline value in Ward A?

The median guideline value for streets in Ward A is Rs 1,375 per sq.ft, and Block 17 E.V.Nanjappa Road Main Road is above this median with a value of Rs 6,600 per sq.ft.