Guideline Value for Block 19 E.V.Najappa Road Inside

Block 19 E.V.Najappa Road Inside guideline value

The current guideline value for Block 19 E.V.Najappa Road Inside is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO and is classified as Commercial Class I Type - III.

How the guideline value of Block 19 E.V.Najappa Road Inside has changed

The guideline value for Block 19 E.V.Najappa Road Inside has seen several revisions over the years. In 2002, the guideline value was Rs 105 per sq.ft. This increased significantly to Rs 1,294 per sq.ft in 2003, marking a change of +1132%. Following this, the value rose to Rs 1,750 per sq.ft in 2007, which was a +35% increase. The 2012 revision saw the value at Rs 2,500 per sq.ft, reflecting a +43% change from the previous figure. However, it decreased to Rs 1,675 per sq.ft in 2017, a drop of -33%. The guideline value then increased to Rs 2,500 per sq.ft in 2023, followed by the current rate of Rs 2,750 per sq.ft in 2024, which is a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +2519%. The register has no figures for the years not mentioned in this summary.

Guideline values in Ward A

In Ward A, there are a total of 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, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 19 E.V.Najappa Road Inside is above this median.

• Block 19 E.V.Nanjappa Road: Rs 6,600 per sq.ft (2024)
• Block 19 Chinnamuthu Street: Rs 1,100 per sq.ft (2024)
• Block 18 Vasugi Street (or) Edayan Kattu Thottam: Rs 1,375 per sq.ft (2024)
• Block 19 Municipal Colony Road 1 to 5: Rs 2,750 per sq.ft (2024)
• Block 19 Nasiyanur Road: Rs 1,375 per sq.ft (2024)
• Block 18 Thillai Nagar: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 E.V.Najappa Road Inside

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 19 E.V.Najappa Road Inside?

The Sub Registrar Office that covers Block 19 E.V.Najappa Road Inside 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 A

The guideline value is crucial during the registration process when buying or selling property in Ward A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This means that buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value for Block 19 E.V.Najappa Road Inside?

The current guideline value for Block 19 E.V.Najappa Road Inside is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 105 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting a significant overall increase of +2519% over the years.

What is the registration office for Block 19 E.V.Najappa Road Inside?

The registration office that covers Block 19 E.V.Najappa Road Inside is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 27,50,000. The stamp duty at 7% is Rs 1,92,500, and the registration fee at 2% is Rs 55,000, totaling Rs 2,47,500.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property registration, which impacts the calculation of stamp duty and registration fees. It ensures that the transaction is accurately recorded in government records during the buying or selling process.