Guideline Value for Block 17 Railway Station Street

Block 17 Railway Station Street guideline value

The current guideline value of Block 17 Railway Station Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO and falls under the Residential Class II Type - II land classification.

How the guideline value of Block 17 Railway Station Street has changed

The guideline value for Block 17 Railway Station Street has undergone several revisions over the years. In 2002, the value was Rs 322 per sq.ft, which increased to Rs 364 per sq.ft in 2003, marking a 13% rise. The value continued to rise, reaching Rs 400 per sq.ft in 2007, a 10% increase from the previous revision. In 2012, the value was Rs 750 per sq.ft, showing an 88% increase from 2007. However, it dropped to Rs 502 per sq.ft in 2017, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value saw a significant increase to Rs 750 per sq.ft, which was a 49% rise. The most recent revision in 2024 set the guideline value at Rs 825 per sq.ft, a 10% increase from 2023. Overall, from 2002 to 2024, the value has increased by 156%.

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 value is Rs 825 per sq.ft, which is equal to the 2024 figure for Block 17 Railway Station Street. Below are the guideline values for other streets in Ward E:

• Block 17 Rajaji Street: Rs 825 per sq.ft (2024)
• Block 17 Sambasiva Pillai Street: Rs 771 per sq.ft (2024)
• Block 17 Municipal Street: Rs 771 per sq.ft (2024)
• Block 17 Srinivasa Mudhaliar Street: Rs 771 per sq.ft (2024)
• Block 17 Venkitaraman Street: Rs 771 per sq.ft (2024)
• Block 17 Kadhar Moydhin Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 17 Railway Station Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to 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, bringing the total cost for these fees to Rs 74,250. Duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 17 Railway Station Street?

The Sub Registrar Office covering Block 17 Railway Station Street 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 critical factor in property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that are payable when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that the transaction is recorded accurately and that the necessary taxes are paid based on the established guideline value for the specific area.

Frequently asked questions

What is the current guideline value of Block 17 Railway Station Street?

The current guideline value of Block 17 Railway Station Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 322 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 156% over this period.

What is the land classification for Block 17 Railway Station Street?

Block 17 Railway Station Street is classified as Residential Class II Type - II, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Block 17 Railway Station Street 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 guideline value would incur a total stamp duty of Rs 57,750.