Guideline Value for Block 18 Bharathi Street

Block 18 Bharathi Street guideline value

The current guideline value of Block 18 Bharathi Street is Rs 1,375 per sq.ft. This street is located in Ward A village under the Erode Joint I SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Block 18 Bharathi Street has changed

The guideline value for Block 18 Bharathi Street has undergone several revisions since 2002. The earliest recorded figure in the register is from 2002, which shows a guideline value of Rs 105 per sq.ft. This value increased significantly to Rs 776 per sq.ft in 2003, marking a change of +639%. Following this, the value rose to Rs 900 per sq.ft in 2007, reflecting a +16% increase. In 2012, the value remained at Rs 1,250 per sq.ft, showing no figure for this street in the register for that year. The guideline value then decreased to Rs 837 per sq.ft in 2017, which was a decline of -33% from the previous figure.

In 2023, the guideline value increased to Rs 1,250 per sq.ft, and then it rose again to the current value of Rs 1,375 per sq.ft in 2024, representing a +10% change. Overall, from 2002 to 2024, the guideline value has increased by +1210%, showcasing significant growth over the years.

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. The median guideline value is Rs 1,375 per sq.ft, which is equal to the current figure for Block 18 Bharathi Street.

• Block 18 Arunthathiyar Huts: Rs 770 per sq.ft (2024)
• Block 18 Brough Road: Rs 5,500 per sq.ft (2024)
• Block 18 Agil Medu Street: Rs 3,300 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 Bharathi 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 amount to Rs 96,250, and the registration fee at 2% would be Rs 27,500, bringing the total cost together to Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 18 Bharathi Street?

The Sub Registrar Office that covers Block 18 Bharathi 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 details.

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

The guideline value is a crucial factor when registering property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

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

The current guideline value of Block 18 Bharathi Street is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 105 per sq.ft to Rs 1,375 per sq.ft in 2024, showing significant growth over the years.

What is the land classification for Block 18 Bharathi Street?

Block 18 Bharathi Street falls under the Residential Class I Type - III land classification.

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

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

How is the stamp duty calculated for properties in Ward A?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 13,75,000 would incur a stamp duty of Rs 96,250 at a rate of 7%.