Guideline Value for Block 18 Valaiyakkara Street

Block 18 Valaiyakkara Street guideline value

The current guideline value of Block 18 Valaiyakkara Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Block 18 Valaiyakkara Street has changed

The guideline value for Block 18 Valaiyakkara Street has undergone several revisions over the years. In 2002, the value was Rs 692 per sq.ft, which increased to Rs 776 per sq.ft in 2003. Following this, the value rose to Rs 1,000 per sq.ft in 2007, and then to Rs 1,250 per sq.ft in 2012. However, it decreased to Rs 837 per sq.ft in 2017. The value then increased significantly to Rs 1,250 per sq.ft in 2023, and finally reached Rs 1,375 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, there has been a total increase of 99% in the guideline value for this street. Notably, there are no figures available for revisions in years other than those listed.

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 of Block 18 Valaiyakkara Street is above this median.

• Block 19 Court Street: Rs 1,375 per sq.ft (2024)
• Block 19 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 19 Cutcheri Street: Rs 1,375 per sq.ft (2024)
• Block 18 Nethaji Street: Rs 4,400 per sq.ft (2024)
• Block 18 Mariamman Kovil Street: Rs 1,100 per sq.ft (2024)
• Block 18 Mandi Street (Pon Street): Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Block 18 Valaiyakkara 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, resulting in a total of Rs 1,23,750. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 18 Valaiyakkara Street?

The Sub Registrar Office that covers Block 18 Valaiyakkara 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 information.

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

The guideline value is a critical factor in the registration process for property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees. Buyers and sellers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the correct amount is paid during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 692 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting a total increase of 99% over the years.

What are the other streets in Ward D with similar guideline values?

Other streets in Ward D with similar guideline values include Block 19 Court Street, Block 19 Court Street (or) Periyar Street, and Block 19 Cutcheri Street, all valued at Rs 1,375 per sq.ft in 2024.

What fees are associated with buying property in Block 18 Valaiyakkara Street?

When buying property in Block 18 Valaiyakkara Street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Block 18 Valaiyakkara Street?

The Sub Registrar Office for Block 18 Valaiyakkara Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009. You can find more information by visiting the relevant link.