Guideline Value for Block 19 Court Street

Block 19 Court Street guideline value

The current guideline value of Block 19 Court 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 it falls under the Residential Class I Type - III land classification.

How the guideline value of Block 19 Court Street has changed

The guideline value for Block 19 Court Street has undergone several revisions over the years. In 2002, the guideline value was Rs 691 per sq.ft, which increased to Rs 775 per sq.ft in 2003, marking a 12% increase. The value continued to rise to Rs 1,000 per sq.ft in 2007, reflecting a 29% increase. By 2012, the value reached Rs 1,250 per sq.ft, showing a 25% increase from the previous revision. However, in 2017, the value decreased to Rs 837 per sq.ft, indicating a decline of 33%.

From 2017 to 2023, the guideline value saw a significant increase to Rs 1,250 per sq.ft, which was a 49% rise. The most recent revision in 2024 set the value at Rs 1,375 per sq.ft, marking a 10% increase from the previous year. The overall change from 2002 to 2024 is an increase of 99%.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging 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 19 Court Street is above this median.

• 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 Valaiyakkara Street: Rs 1,375 per sq.ft (2024)
• Block 19 Mandapam Street: Rs 1,375 per sq.ft (2024)
• Block 18 Nethaji Street: Rs 4,400 per sq.ft (2024)
• Block 19 Neducheralathan Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 Court 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 be Rs 96,250, and the registration fee at 2% would be Rs 27,500, making the total fees together Rs 1,23,750. 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 19 Court Street?

The Sub Registrar Office that covers Block 19 Court 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 an important factor when buying or selling property in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property transaction occurs, the guideline value is used to calculate the applicable fees. The fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Block 19 Court Street?

The current guideline value of Block 19 Court 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 691 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 99% over the years.

What is the land classification for Block 19 Court Street?

Block 19 Court Street falls under the Residential Class I Type - III land classification.

What are the stamp duty and registration fees for a property in Block 19 Court Street?

For a property of 1,000 sq.ft at the current guideline value, the total fees would be Rs 1,23,750, which includes stamp duty and registration fees.

Which office handles registrations for Block 19 Court Street?

The Erode Joint I Sub Registrar Office handles registrations for Block 19 Court Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.