Guideline Value for Block 18 E.V.Nanjappa Main Road

Block 18 E.V.Nanjappa Main Road guideline value

The current guideline value for Block 18 E.V.Nanjappa Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO, classified as Commercial Special Type - I.

How the guideline value of Block 18 E.V.Nanjappa Main Road has changed

The guideline value for Block 18 E.V.Nanjappa Main Road has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 6,000 per sq.ft. This figure was revised to Rs 4,020 per sq.ft in 2017, marking a decrease of 33%. In 2023, the value rose to Rs 6,000 per sq.ft again, and the most recent revision in 2024 set the value at Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year.

Between 2017 and 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 value for these streets is Rs 1,375 per sq.ft, placing Block 18 E.V.Nanjappa Main Road above this median.

• Block 18 Brough Road: Rs 5,500 per sq.ft (2024)
• Block 18 Bharathi Street: Rs 1,375 per sq.ft (2024)
• Block 18 Arunthathiyar Huts: Rs 770 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 Sait Colony: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 18 E.V.Nanjappa Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 18 E.V.Nanjappa Main Road?

The Sub Registrar Office that covers Block 18 E.V.Nanjappa Main Road 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 details.

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

The guideline value is a critical 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 that need to be paid during the transaction.

When a property is registered, the guideline value helps ensure that the sale price reflects the current market conditions. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 18 E.V.Nanjappa Main Road?

The current guideline value for Block 18 E.V.Nanjappa Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 6,000 per sq.ft in 2012, Rs 4,020 per sq.ft in 2017, Rs 6,000 per sq.ft in 2023, and finally Rs 6,600 per sq.ft in 2024.

What is the land classification for Block 18 E.V.Nanjappa Main Road?

The land classification for Block 18 E.V.Nanjappa Main Road is Commercial Special Type - I.

Where can I find the registration office for this property?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 at 7%.