Guideline Value for Block 17 Valaiyakara Street

Block 17 Valaiyakara Street guideline value

The current guideline value of Block 17 Valaiyakara Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, classified as Residential Class I Type - III.

How the guideline value of Block 17 Valaiyakara Street has changed

The guideline value of Block 17 Valaiyakara Street has undergone several revisions since 2002. The figures are as follows: in 2002, the value was Rs 716 per sq.ft; in 2003, it increased to Rs 803 per sq.ft; in 2007, it rose to Rs 1,000 per sq.ft; in 2012, it returned to Rs 1,250 per sq.ft; in 2017, it decreased to Rs 837 per sq.ft; in 2023, it was Rs 1,250 per sq.ft; and finally, in 2024, it stands at Rs 1,375 per sq.ft. The changes between these revisions include a +12% increase from 2002 to 2003, a +25% increase from 2003 to 2007, a +25% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +10% increase from 2023 to 2024.

Overall, from 2002 to 2024, the guideline value has increased by +92%. There are no figures available for any other revisions for this street in the register.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value of Block 17 Valaiyakara Street is above this median.

• Block 18 Agrahara Street: Rs 2,200 per sq.ft (2024)
• Block 18 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 17 Meera Moydhin Street: Rs 825 per sq.ft (2024)
• Block 18 Mandapam Street: Rs 1,375 per sq.ft (2024)
• Block 17 Keerakara Street (or) Marimuthu Street: Rs 825 per sq.ft (2024)
• Block 18 Mandi Street (Pon Street): Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Block 17 Valaiyakara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value would be Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, totaling Rs 1,23,750. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 17 Valaiyakara Street?

The Sub Registrar Office that covers Block 17 Valaiyakara 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 here.

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

The guideline value is an important factor in property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers should be aware of the current guideline value to ensure they comply with the regulations set by the registration department.

When a property is registered, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Block 17 Valaiyakara Street is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 716 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of +92% over this period.

What is the land classification of Block 17 Valaiyakara Street?

Block 17 Valaiyakara Street is classified as Residential Class I Type - III.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Block 17 Valaiyakara Street is 7% of the guideline value or sale price, whichever is higher.

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

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