Guideline Value for Block 18 Agrahara Street

Block 18 Agrahara Street guideline value

The current guideline value of Block 18 Agrahara Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, and the land classification is Residential Special Type - I.

How the guideline value of Block 18 Agrahara Street has changed

The guideline value for Block 18 Agrahara Street has seen several revisions over the years. In 2002, the guideline value was Rs 945 per sq.ft, which increased to Rs 1,060 per sq.ft in 2003, marking a change of +12%. The value continued to rise, reaching Rs 1,250 per sq.ft in 2007, an increase of +18%. By 2012, the value was Rs 2,000 per sq.ft, reflecting a significant rise of +60% from the previous revision. However, it then decreased to Rs 1,340 per sq.ft in 2017, showing a decline of -33%.

From 2017 to 2023, the guideline value increased substantially to Rs 2,000 per sq.ft, a rise of +49%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, marking an increase of +10% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by +133%. There are no figures available for other revisions for this street.

Guideline values in Ward D

In Ward D, the guideline values range from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 18 Agrahara Street is above this median, indicating a higher valuation compared to many other streets in the ward.

• Block 17 Valaiyakara Street: Rs 1,375 per sq.ft (2024)
• Block 18 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 18 Mandapam Street: Rs 1,375 per sq.ft (2024)
• Block 18 Mandi Street (Pon Street): Rs 6,600 per sq.ft (2024)
• Block 18 Mariamman Kovil Street: Rs 1,100 per sq.ft (2024)
• Block 18 Nethaji Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Block 18 Agrahara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 18 Agrahara Street?

The Sub Registrar Office that covers Block 18 Agrahara 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 D

The guideline value is a critical factor when registering property transactions in Ward D. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller engages in a property transaction, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Block 18 Agrahara Street?

The current guideline value of Block 18 Agrahara Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 945 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +133% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles property registrations for Block 18 Agrahara Street?

The Erode Joint I Sub Registrar Office handles property registrations for Block 18 Agrahara Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 18 Agrahara Street?

The land classification for Block 18 Agrahara Street is Residential Special Type - I.