Guideline Value for Block 18 Railway Station Road

Block 18 Railway Station Road guideline value

The current guideline value of Block 18 Railway Station Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class I Type - II.

How the guideline value of Block 18 Railway Station Road has changed

The guideline value for Block 18 Railway Station Road has seen several revisions over the years. In 2002, the guideline value was Rs 466 per sq.ft, which increased to Rs 527 per sq.ft in 2003, marking a change of +13%. Following this, the value rose to Rs 750 per sq.ft in 2007, reflecting a significant increase of +42%. The guideline value then doubled to Rs 1,500 per sq.ft in 2012, showing a change of +100%. However, it decreased to Rs 1,005 per sq.ft in 2017, a decline of -33%. The value then saw a substantial rise to Rs 1,500 per sq.ft in 2023, and finally, it reached Rs 1,650 per sq.ft in the 2024 revision, an increase of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +254%. There are no figures available for the revisions in the years not listed.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 18 Railway Station Road is above this median.

• Block 18 Railway Colony Road: Rs 771 per sq.ft (2024)
• Block 18 Poondhurai Road: Rs 771 per sq.ft (2024)
• Block 19 Balasubba Rayalu Naidu Street: Rs 825 per sq.ft (2024)
• Block 19 East Pattakarar Street: Rs 1,100 per sq.ft (2024)
• Block 19 Jeevandham Road Main Road: Rs 1,100 per sq.ft (2024)
• Block 19 Kadhar Moideen Lane: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 18 Railway Station Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 18 Railway Station Road?

The Sub Registrar Office that covers Block 18 Railway Station 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 information.

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

The guideline value is an essential factor during property registration in Ward E. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is crucial to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Block 18 Railway Station Road?

The current guideline value of Block 18 Railway Station Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 466 in 2002 to Rs 1,650 in 2024, reflecting an overall increase of +254% over the years.

What is the land classification for Block 18 Railway Station Road?

Block 18 Railway Station Road is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total cost for stamp duty and registration fees would be Rs 1,48,500, based on the current guideline value.

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

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