Guideline Value for Block 19 Railway Station Road

Block 19 Railway Station Road guideline value

The current guideline value of Block 19 Railway Station Road is Rs 1,375 per sq.ft, effective from 1 July 2024. This property is located in Ward E village under the Erode Joint I SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Block 19 Railway Station Road has changed

The guideline value for Block 19 Railway Station Road has seen several revisions over the years. The earliest recorded figure in the register is from 2002, where the value was Rs 467 per sq.ft. This increased to Rs 528 per sq.ft in 2003, marking a 13% rise. The value then continued to grow, reaching Rs 750 per sq.ft in 2007, which was a 42% increase from the previous revision. However, from 2007 to 2012, the value dropped to Rs 1,250 per sq.ft, reflecting a decrease of 33%.

In the following revisions, the guideline value increased again. In 2017, it was recorded at Rs 837 per sq.ft, which was a 49% increase from the 2012 figure. The value further rose to Rs 1,250 per sq.ft in 2023, and finally to Rs 1,375 per sq.ft in 2024, representing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 194%.

Guideline values in Ward E

In Ward E, there are 196 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 in this area is Rs 825 per sq.ft, placing Block 19 Railway Station Road above that median.

• Block 19 Poondhurai Road: Rs 825 per sq.ft (2024)
• Block 19 Shek Dhavudh Street: Rs 1,100 per sq.ft (2024)
• Block 19 Thanga Perumal Pillai Street: Rs 825 per sq.ft (2024)
• Block 1 Adhiyaman Street: Rs 825 per sq.ft (2024)
• Block 19 Kadhar Moideen street: Rs 771 per sq.ft (2024)
• Block 19 Kadhar Moideen Lane: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 Railway Station Road

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, and the registration fee at 2% would be Rs 27,500, bringing the total fees together 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block 19 Railway Station Road?

The Sub Registrar Office that covers Block 19 Railway Station Road 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 information.

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

The guideline value is a crucial factor when registering property transactions in Ward E. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for any property sale or purchase.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately in the official register, reflecting the value of the property according to government assessments. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value for Block 19 Railway Station Road?

The current guideline value for Block 19 Railway Station 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 from Rs 467 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 194% over the years.

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

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 13,75,000, the registration fee would be Rs 27,500.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office for Block 19 Railway Station Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250.