Guideline Value for Block 18 Arunthathiyar Huts

Block 18 Arunthathiyar Huts guideline value

The current guideline value for Block 18 Arunthathiyar Huts is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 18 Arunthathiyar Huts has changed

The guideline value for Block 18 Arunthathiyar Huts has undergone several revisions since 2002. The register shows the following values: in 2002, it was Rs 105 per sq.ft, which increased to Rs 280 per sq.ft in 2003, marking a significant rise of 167%. The value then saw a gradual increase to Rs 350 per sq.ft in 2007, followed by Rs 400 per sq.ft in 2012, which was a decrease of 16%. By 2017, the value rose to Rs 335 per sq.ft, and then it increased to Rs 700 per sq.ft in 2023, reflecting a 109% increase. The most recent revision in 2024 set the value at Rs 770 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value for this street has increased by 633%. There are no figures available for the years not mentioned in this register for this street.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 18 Arunthathiyar Huts below that median.

• Block 18 Bharathi Street: Rs 1,375 per sq.ft (2024)
• Block 18 Agil Medu Street: Rs 3,300 per sq.ft (2024)
• Block 18 Brough Road: Rs 5,500 per sq.ft (2024)
• Block 17 Vasugi Street: Rs 2,530 per sq.ft (2024)
• Block 18 E.V.Nanjappa Main Road: Rs 6,600 per sq.ft (2024)
• Block 17 Sait Colony: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 18 Arunthathiyar Huts

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value totals Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 18 Arunthathiyar Huts?

The Sub Registrar Office that covers Block 18 Arunthathiyar Huts 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 A

The guideline value is a crucial factor during the registration of property transactions in Ward A. It serves as a reference point for determining the stamp duty and registration fees that are applicable when buying or selling a property.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This helps to maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Block 18 Arunthathiyar Huts?

The current guideline value for Block 18 Arunthathiyar Huts is Rs 770 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 770 per sq.ft in 2024, showing an overall increase of 633% over this period.

What is the registration office for Block 18 Arunthathiyar Huts?

The registration office for Block 18 Arunthathiyar Huts is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in Block 18 Arunthathiyar Huts?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000.

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

Other streets in Ward A include Block 18 Bharathi Street at Rs 1,375 per sq.ft, Block 18 Agil Medu Street at Rs 3,300 per sq.ft, and Block 18 Brough Road at Rs 5,500 per sq.ft, among others.