Guideline Value for Block 17 Jayaram Lane

Block 17 Jayaram Lane guideline value

The current guideline value of Block 17 Jayaram Lane is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 17 Jayaram Lane has changed

The guideline value for Block 17 Jayaram Lane has seen several revisions over the years. In 2002, the 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, a +19% increase. Following this, in 2012, the value was set at Rs 500 per sq.ft, reflecting a +43% change. However, the value decreased to Rs 335 per sq.ft in 2017, a drop of -33%. The most significant rise occurred from 2017 to 2023, where the value jumped to Rs 700 per sq.ft, showing a remarkable increase of +109%. The latest revision in 2024 set the value at Rs 770 per sq.ft, a +10% change from the previous year.

There are no figures available for the revisions of years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +196%.

Guideline values in Ward D

In Ward D, the guideline values for 200 streets under the Erode Joint I SRO range from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 17 Jayaram Lane is below this median.

• Block 17 Cauvery Road: Rs 3,300 per sq.ft (2024)
• Block 17 Keerakara Street (or) Marimuthu Street: Rs 825 per sq.ft (2024)
• Block 17 Ayyanarappan Kovil Street 1,2,3a: Rs 825 per sq.ft (2024)
• Block 17 Meera Moydhin Street: Rs 825 per sq.ft (2024)
• Block 16 Valaiyakara Street: Rs 1,375 per sq.ft (2024)
• Block 16 R.K. Venkatasamy Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Block 17 Jayaram Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 17 Jayaram Lane?

The Sub Registrar Office covering Block 17 Jayaram Lane 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 D

The guideline value is a crucial factor in property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Block 17 Jayaram Lane?

The current guideline value of Block 17 Jayaram Lane is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 260 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of +196% over the years.

What is the classification of land in Block 17 Jayaram Lane?

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

Where is the Sub Registrar Office for Block 17 Jayaram Lane located?

The Sub Registrar Office for Block 17 Jayaram Lane is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total stamp duty of Rs 53,900 at 7%.