Guideline Value for Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14

Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14 guideline value

The current guideline value for Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14 is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward B under the Erode Joint I SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14 has changed

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 750 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, followed by a decrease to Rs 670 per sq.ft in 2017. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and now stands at Rs 1,100 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 47%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward B

In Ward B, there are 170 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 guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current figure for Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14.

• Block 19 Marappa Gounder Street 1,2,3: Rs 1,100 per sq.ft (2024)
• Block 19 N.G.G.O.Colony Street 1 to 8: Rs 1,100 per sq.ft (2024)
• Block 18 S.K.C.Road (or) Street: Rs 1,100 per sq.ft (2024)
• Block 19 S.K.Chenniappa Street: Rs 1,100 per sq.ft (2024)
• Block 18 Poosari Gounder Street: Rs 1,100 per sq.ft (2024)
• Block 18 N.G.G.O.Colony Street 1 to 8: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that 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 information.

Which Sub Registrar Office covers Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14?

The Sub Registrar Office that covers Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14 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 B

The guideline value is a critical factor when registering property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14?

The current guideline value for Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14 is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with various revisions in between, including Rs 1,000 in 2012 and Rs 670 in 2017.

What is the stamp duty rate for property in this area?

The stamp duty rate for property transactions in this area is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode - 638009.

What is the median guideline value for streets in Ward B?

The median guideline value for streets in Ward B is Rs 1,100 per sq.ft, which is the same as the current guideline value for Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14.