Guideline Value for Block 19 Neducheralathan Street

Block 19 Neducheralathan Street guideline value

The current guideline value of Block 19 Neducheralathan Street is Rs 771 per sq.ft. This street is located in Ward D village, under the Erode Joint I SRO, and is classified as Residential Class II Type - III.

How the guideline value of Block 19 Neducheralathan Street has changed

The guideline value for Block 19 Neducheralathan Street has undergone several revisions over the years. In the 2002 revision, the value was Rs 261 per sq.ft, which increased to Rs 293 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 350 per sq.ft in 2007, an increase of +19%. Following this, the 2012 revision saw a decrease to Rs 600 per sq.ft, a drop of -33%. The value then increased significantly to Rs 402 per sq.ft in 2017, reflecting a change of +71%. The 2023 revision set the value at Rs 700 per sq.ft, which was a substantial rise of +74% from the previous figure. The latest revision in 2024 has established the current guideline value at Rs 771 per sq.ft, an increase of +10% from 2023.

Overall, from 2002 to 2024, the guideline value has increased by +195%. There are no figures available for revisions in years not listed in the register for this street.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 19 Neducheralathan Street is below this median.

• Block 19 Nethaji Street: Rs 4,400 per sq.ft (2024)
• Block 19 Mandapam Street: Rs 1,375 per sq.ft (2024)
• Block 19 Cutcheri Street: Rs 1,375 per sq.ft (2024)
• Block 19 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 19 Court Street: Rs 1,375 per sq.ft (2024)
• Block 1 Cauvery Nagar: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 Neducheralathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, making the total charges Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 19 Neducheralathan Street?

The Sub Registrar Office that covers Block 19 Neducheralathan Street 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 D

When buying or selling property in Ward D, the guideline value plays a crucial role in determining the registration fees and stamp duty applicable. The guideline value is used as a benchmark for calculating these fees, ensuring that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the costs involved in property transactions. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in real estate dealings.

Frequently asked questions

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

The current guideline value of Block 19 Neducheralathan Street is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 261 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting a total increase of +195% over the years.

What is the land classification for Block 19 Neducheralathan Street?

Block 19 Neducheralathan Street is classified as Residential Class II Type - III.

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

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 7,71,000, the stamp duty at 7% would be Rs 53,970.