Guideline Value for Block 18 Agil Medu Street

Block 18 Agil Medu Street guideline value

The current guideline value of Block 18 Agil Medu Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Ward A village under the Erode Joint I SRO and is classified as Commercial Class I Type - II.

How the guideline value of Block 18 Agil Medu Street has changed

The guideline value for Block 18 Agil Medu Street has seen several revisions over the years. Starting with the 2002 revision, the guideline value was Rs 105 per sq.ft. It increased significantly in the following years, reaching Rs 776 per sq.ft in 2003, which was a substantial increase of 639%. The value continued to rise, reaching Rs 900 per sq.ft in 2007, marking a 16% increase from the previous revision. However, the value dropped to Rs 3,000 per sq.ft in 2012, reflecting a decrease of 33%.

From 2012 to 2017, the guideline value saw a notable increase, reaching Rs 2,010 per sq.ft, which was a 49% rise. The most recent revisions show that the value increased to Rs 3,000 per sq.ft in 2023, and further to Rs 3,300 per sq.ft in 2024, representing a 10% increase. There are no figures available for the revisions in years not listed.

Guideline values in Ward A

In Ward A, the guideline values range from Rs 770 to Rs 6,600 per sq.ft as of 2024, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 18 Agil Medu Street is above this median, indicating its higher valuation compared to other streets in the area.

• Block 17 Vasugi Street: Rs 2,530 per sq.ft (2024)
• Block 18 Arunthathiyar Huts: Rs 770 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 17 Sait Colony: Rs 2,750 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 18 Agil Medu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 accurate calculations.

Which Sub Registrar Office covers Block 18 Agil Medu Street?

The Sub Registrar Office that covers Block 18 Agil Medu 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 during the registration of property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Block 18 Agil Medu Street?

The current guideline value of Block 18 Agil Medu Street is Rs 3,300 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 3,300 per sq.ft in 2024, reflecting an overall increase of 3043%.

What is the classification of Block 18 Agil Medu Street?

Block 18 Agil Medu Street is classified as Commercial Class I Type - II, indicating its commercial usage and potential within the area.

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

The Erode Joint I Sub Registrar Office covers Block 18 Agil Medu Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. The current rates are 7% for stamp duty and 2% for the registration fee.