Guideline Value for Block 17 Vasugi Street

Block 17 Vasugi Street guideline value

The current guideline value for Block 17 Vasugi Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Ward A village under the Erode Joint I SRO, classified as Mixed Type - I land.

How the guideline value of Block 17 Vasugi Street has changed

The guideline value for Block 17 Vasugi Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 105 per sq.ft. It increased significantly to Rs 518 per sq.ft in 2003, marking a change of +393%. The value continued to rise, reaching Rs 750 per sq.ft in 2007, an increase of +45%. The 2012 revision saw the value rise to Rs 2,300 per sq.ft, reflecting a substantial increase of +207%. However, by 2017, the value dropped to Rs 1,541 per sq.ft, which was a decrease of -33%. The guideline value then increased to Rs 2,300 per sq.ft in 2023, followed by a further increase to Rs 2,530 per sq.ft in 2024, representing a change of +10%.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by +2310%. The register has no figure for Block 17 Vasugi Street for the years not mentioned in the provided data.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 17 Vasugi Street is above this median.

• Block 18 Agil Medu Street: Rs 3,300 per sq.ft (2024)
• Block 18 Arunthathiyar Huts: Rs 770 per sq.ft (2024)
• Block 17 Sait Colony: Rs 2,750 per sq.ft (2024)
• Block 18 Bharathi Street: Rs 1,375 per sq.ft (2024)
• Block 18 Brough Road: Rs 5,500 per sq.ft (2024)
• Block 18 E.V.Nanjappa Main Road: Rs 6,600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600. Together, the total cost for stamp duty and registration fees would be Rs 2,27,700. It is important to note that 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 Vasugi Street?

The Sub Registrar Office that covers Block 17 Vasugi Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 17 Vasugi Street?

The current guideline value for Block 17 Vasugi Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 105 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of +2310% over the years.

What is the land classification for Block 17 Vasugi Street?

Block 17 Vasugi Street is classified as Mixed Type - I land under the Erode Joint I SRO.

What are the stamp duty and registration fees for property in Block 17 Vasugi Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,77,100, and the registration fee would be Rs 50,600, making a total of Rs 2,27,700.

Which office handles registrations for properties in Block 17 Vasugi Street?

The Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, handles registrations for properties in Block 17 Vasugi Street.