Guideline Value for Block 19 Balasubba Rayalu Naidu Street

Block 19 Balasubba Rayalu Naidu Street guideline value

The current guideline value of Block 19 Balasubba Rayalu Naidu Street is Rs 825 per sq.ft. This street is located in Ward E village under the Erode Joint I SRO, classified as Residential Class II Type - II.

How the guideline value of Block 19 Balasubba Rayalu Naidu Street has changed

The guideline value for Block 19 Balasubba Rayalu Naidu Street has undergone several revisions over the years. In 2002, the guideline value was Rs 359 per sq.ft, which increased to Rs 406 per sq.ft in 2003, marking a change of +13%. The value continued to rise, reaching Rs 500 per sq.ft in 2007, an increase of +23%. In 2012, the value was Rs 750 per sq.ft, reflecting a +50% increase from the previous revision. However, this was followed by a decrease to Rs 502 per sq.ft in 2017, a drop of -33%. The value then saw a significant rise to Rs 750 per sq.ft in 2023, which was a +49% increase. The most recent revision in 2024 set the guideline value at Rs 825 per sq.ft, an increase of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +130%. There are no figures available for the revisions in any other years for this street.

Guideline values in Ward E

In Ward E, there are 196 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 is Rs 825 per sq.ft, which is equal to the current figure for Block 19 Balasubba Rayalu Naidu Street.

• Block 19 East Pattakarar Street: Rs 1,100 per sq.ft (2024)
• Block 18 Railway Station Road: Rs 1,650 per sq.ft (2024)
• Block 18 Railway Colony Road: Rs 771 per sq.ft (2024)
• Block 18 Poondhurai Road: Rs 771 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 19 Balasubba Rayalu Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500. Together, the total cost would be Rs 74,250. 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 detailed calculations.

Which Sub Registrar Office covers Block 19 Balasubba Rayalu Naidu Street?

The Sub Registrar Office that covers Block 19 Balasubba Rayalu Naidu Street 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 a crucial factor during property registration in Ward E. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and seller. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 19 Balasubba Rayalu Naidu Street?

The current guideline value for Block 19 Balasubba Rayalu Naidu Street is Rs 825 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 359 per sq.ft in 2002 and rising to Rs 825 per sq.ft in 2024, reflecting an overall increase of +130% over the years.

What is the registration office for this street?

The registration office for Block 19 Balasubba Rayalu Naidu Street 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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 at a rate of 7%.

Where can I find more information about stamp duty and registration fees?

More information about stamp duty and registration fees can be found using the stamp duty and registration fee calculator.