Guideline Value for Block 19 Hasan Street

Block 19 Hasan Street guideline value

The current guideline value of Block 19 Hasan Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Block 19 Hasan Street has changed

The guideline value for Block 19 Hasan Street has undergone several revisions over the years. In 2002, the guideline value was Rs 483 per sq.ft. This figure increased to Rs 541 per sq.ft in 2003, marking a 12% rise. The value continued to rise, reaching Rs 750 per sq.ft in 2007, which was a 39% increase from the previous revision. In 2012, the value was Rs 1,250 per sq.ft, reflecting a significant 67% increase from 2007. However, it then dropped to Rs 837 per sq.ft in 2017, a decrease of 33% from 2012. The value saw a substantial increase to Rs 1,250 per sq.ft in 2023, which was a 49% rise from 2017, and finally reached Rs 1,375 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 185%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value is Rs 1,375 per sq.ft, which is equal to the 2024 figure for Block 19 Hasan Street.

• Block 19 East Kongalamman Kovil Street: Rs 2,750 per sq.ft (2024)
• Block 19 New Majith Street: Rs 2,750 per sq.ft (2024)
• Block 18 West Kongalamman Kovil Street: Rs 2,750 per sq.ft (2024)
• Block 19 R.K.Venkatasamy Road: Rs 7,700 per sq.ft (2024)
• Block 18 Sultan Pettai Street: Rs 2,750 per sq.ft (2024)
• Block 19 West Kongalamman Kovil Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 Hasan 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, while the registration fee at 2% would be Rs 27,500, bringing the total cost for these fees to Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 19 Hasan Street?

The Sub Registrar Office that covers Block 19 Hasan 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 details.

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

The guideline value is an essential factor when registering property in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process reflects the true value of the property being transacted.

Frequently asked questions

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

The current guideline value of Block 19 Hasan 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 increased from Rs 483 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, marking an overall increase of 185% over this period.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 13,75,000. The stamp duty would be Rs 96,250, and the registration fee would be Rs 27,500, totaling Rs 1,23,750.

Which Sub Registrar Office covers Block 19 Hasan Street?

The Erode Joint I Sub Registrar Office covers Block 19 Hasan Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification of Block 19 Hasan Street?

Block 19 Hasan Street is classified as Residential Class I Type - III under the Erode Joint I SRO.