Guideline Value for Block 19 E.V.Nanjappa Road

Block 19 E.V.Nanjappa Road guideline value

The current guideline value of Block 19 E.V.Nanjappa Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Ward A village under the Erode Joint I SRO and is classified as Commercial Special Type - I.

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

The guideline value of Block 19 E.V.Nanjappa Road has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 6,000 per sq.ft. This was followed by a decrease to Rs 4,020 per sq.ft in 2017. The 2023 revision saw an increase to Rs 6,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 6,600 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The change from 2023 to 2024 was an increase of 10%. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO with 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 of Block 19 E.V.Nanjappa Road is notably above this median.

• Block 19 E.V.Najappa Road Inside: Rs 2,750 per sq.ft (2024)
• Block 19 Chinnamuthu Street: Rs 1,100 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 Vasugi Street (or) Edayan Kattu Thottam: 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.Nanjappa Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office covering Block 19 E.V.Nanjappa 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Ward A. It serves as a reference for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared with the sale price to ascertain the applicable duties. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring compliance with the local regulations.

Frequently asked questions

What is the current guideline value of Block 19 E.V.Nanjappa Road?

The current guideline value of Block 19 E.V.Nanjappa Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then back to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the land classification for Block 19 E.V.Nanjappa Road?

The land classification for Block 19 E.V.Nanjappa Road is Commercial Special Type - I.

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

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value and the sale price of the property. The current rates are 7% for stamp duty and 2% for registration fees.