Guideline Value for Block 19 Nasiyanur Road

Block 19 Nasiyanur Road guideline value

The current guideline value of Block 19 Nasiyanur Road is Rs 1,375 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 Residential Class I Type - III.

How the guideline value of Block 19 Nasiyanur Road has changed

The guideline value for Block 19 Nasiyanur Road has seen several revisions over the years. In 2002, the value was Rs 105 per sq.ft, which increased to Rs 399 per sq.ft in 2003, marking a significant rise of 280%. The value further increased to Rs 900 per sq.ft in 2007, showing a growth of 126%. In 2012, the value was Rs 1,250 per sq.ft, reflecting a decrease of 33% from the previous revision. In 2017, it was again revised to Rs 837 per sq.ft, which was a 49% increase from 2012. The most recent revision in 2023 set the value at Rs 1,250 per sq.ft, and the current value as of 2024 is Rs 1,375 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the revisions in years other than those listed. The overall increase from 2002 to 2024 is 1210%.

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. The median value is Rs 1,375 per sq.ft, which is equal to the guideline value of Block 19 Nasiyanur Road.

• Block 19 Municipal Colony Road 1 to 5: Rs 2,750 per sq.ft (2024)
• Block 19 E.V.Nanjappa Road: Rs 6,600 per sq.ft (2024)
• Block 19 E.V.Najappa Road Inside: Rs 2,750 per sq.ft (2024)
• Block 19 Thiru.V.K.Road: Rs 1,375 per sq.ft (2024)
• Block 19 Thiyagi Kumaram Street: Rs 1,375 per sq.ft (2024)
• Block 19 Varanavasi Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 Nasiyanur Road

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 1,23,750. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 19 Nasiyanur Road?

The Sub Registrar Office covering Block 19 Nasiyanur 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

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 registration process reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Block 19 Nasiyanur Road?

The current guideline value of Block 19 Nasiyanur Road 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 significantly from Rs 105 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 1210% over this period.

What is the registration fee for property in Block 19 Nasiyanur Road?

The registration fee is calculated based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a registration fee of Rs 27,500.

Which office handles registrations for Block 19 Nasiyanur Road?

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

What is the land classification for Block 19 Nasiyanur Road?

Block 19 Nasiyanur Road is classified as Residential Class I Type - III, which indicates its designation for residential use within the area.