Guideline Value for Block 17 Rajaji Street

Block 17 Rajaji Street guideline value

The current guideline value of Block 17 Rajaji 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 is classified as Residential Class II Type - II.

How the guideline value of Block 17 Rajaji Street has changed

The guideline value for Block 17 Rajaji Street has seen several revisions over the years. In 2002, the guideline value was Rs 359 per sq.ft. This increased to Rs 406 per sq.ft in 2003, marking a 13% rise. The value continued to rise, reaching Rs 500 per sq.ft in 2007, which was a 23% increase from the previous year. In 2012, it remained at Rs 750 per sq.ft, showing no figure for this street in the register for that year. The value then dropped to Rs 502 per sq.ft in 2017, a decrease of 33% from 2012. Following this, the value significantly increased to Rs 750 per sq.ft in 2023, which was a 49% increase from 2017. The most recent revision in 2024 has set the guideline value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 130%. There are no revisions with no figure for this street in the register.

Guideline values in Ward E

In Ward E, there are 196 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 value is Rs 825 per sq.ft, which is equal to the guideline value of Block 17 Rajaji Street.

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

For a 1,000 sq.ft plot at the current guideline value, 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, making the total fees Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 17 Rajaji Street?

The Sub Registrar Office that covers Block 17 Rajaji 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 plays a crucial role in the registration process when buying or selling property in Ward E. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the higher of the guideline value or the sale price is considered for the purpose of calculating stamp duty. This ensures that the fees reflect the true value of the property being transacted, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Block 17 Rajaji Street?

The current guideline value of Block 17 Rajaji 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 from Rs 359 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 130% over this period.

What are the other streets in Ward E with their guideline values?

Other streets in Ward E include Block 17 Railway Station Street, Block 17 Sambasiva Pillai Street, Block 17 Srinivasa Mudhaliar Street, Block 17 Municipal Street, Block 17 Venkitaraman Street, and Block 17 Kadhar Moydhin Street, with values ranging from Rs 771 to Rs 825 per sq.ft in 2024.

How is the stamp duty calculated for properties in Block 17 Rajaji Street?

Stamp duty for properties in Block 17 Rajaji Street is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 74,250.

Where can I find the Sub Registrar Office for Block 17 Rajaji Street?

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