Guideline Value for Block 17 Jeevanandham Street Main Road

Block 17 Jeevanandham Street Main Road guideline value

The current guideline value for Block 17 Jeevanandham Street Main Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward E village and falls under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 17 Jeevanandham Street Main Road has changed

The guideline value for Block 17 Jeevanandham Street Main Road has undergone several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 359 per sq.ft. This increased to Rs 406 per sq.ft in 2003, marking a 13% rise. In 2007, the value further increased to Rs 500 per sq.ft, which is a 23% change from the previous revision. The 2012 revision saw a significant jump to Rs 1,000 per sq.ft, reflecting a 100% increase from 2007. However, this was followed by a decrease to Rs 670 per sq.ft in 2017, a drop of 33% from the 2012 figure.

In 2023, the guideline value rose to Rs 1,000 per sq.ft, and in 2024, it was revised to Rs 1,100 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 206% for this street.

Guideline values in Ward E

In Ward E, there are 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 guideline value in this area is Rs 825 per sq.ft, making the 2024 figure for Block 17 Jeevanandham Street Main Road above the median.

• Block 17 Kadhar Moydhin Lane: Rs 771 per sq.ft (2024)
• Block 17 E.V. Ramasamy Street: Rs 771 per sq.ft (2024)
• Block 17 Kadhar Moydhin Street: Rs 771 per sq.ft (2024)
• Block 17 Municipal 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)

Stamp duty and registration fee for property in Block 17 Jeevanandham Street Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 Jeevanandham Street Main Road?

The Sub Registrar Office that covers Block 17 Jeevanandham Street 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Ward E. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction value, as the stamp duty is charged based on the higher of the guideline value or the sale price. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Block 17 Jeevanandham Street Main Road?

The current guideline value for Block 17 Jeevanandham Street Main Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 359 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, which is an overall increase of 206%.

What is the registration office for this area?

The registration office for Block 17 Jeevanandham Street Main Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

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 11,00,000, the stamp duty at 7% would be Rs 77,000.

What is the median guideline value in Ward E?

The median guideline value in Ward E is Rs 825 per sq.ft, with Block 17 Jeevanandham Street Main Road's 2024 figure being above this median at Rs 1,100 per sq.ft.