Guideline Value for Block 19 Thiyagi Kumaram Street

Block 19 Thiyagi Kumaram Street guideline value

The current guideline value of Block 19 Thiyagi Kumaram Street 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 Thiyagi Kumaram Street has changed

The guideline value for Block 19 Thiyagi Kumaram Street has undergone several revisions over the years. In 2002, the guideline value was Rs 105 per sq.ft. This increased significantly to Rs 578 per sq.ft in 2003, marking a substantial rise of 450%. The value continued to grow, reaching Rs 750 per sq.ft in 2007, which was a 30% increase from the previous revision. By 2012, the value was Rs 1,250 per sq.ft, reflecting a 67% increase from 2007. However, this figure dropped to Rs 837 per sq.ft in 2017, a decrease of 33% from 2012.

In the subsequent revisions, the guideline value saw a notable increase. The 2023 revision set the value at Rs 1,250 per sq.ft, which then rose by 10% to Rs 1,375 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 1210% for this street.

Guideline values in Ward A

In Ward A, there are 111 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 1,375 per sq.ft, which matches the current value of Block 19 Thiyagi Kumaram Street.

• Block 19 Thiru.V.K.Road: Rs 1,375 per sq.ft (2024)
• Block 19 Varanavasi Street: Rs 825 per sq.ft (2024)
• Block 19 Nasiyanur Road: Rs 1,375 per sq.ft (2024)
• Block 19 Municipal Colony Road 1 to 5: Rs 2,750 per sq.ft (2024)
• Block 1 Krishnampalayam Harijan Colony: Rs 770 per sq.ft (2024)
• Block 1 Krishnapalayam Road 1,2,3: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 Thiyagi Kumaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value amounts to 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 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.

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

Which Sub Registrar Office covers Block 19 Thiyagi Kumaram Street?

The Sub Registrar Office that covers Block 19 Thiyagi Kumaram 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 A

The guideline value plays a crucial role during the registration process of property transactions in Ward A. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Block 19 Thiyagi Kumaram Street?

The current guideline value of Block 19 Thiyagi Kumaram 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 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 the years.

What is the land classification of Block 19 Thiyagi Kumaram Street?

Block 19 Thiyagi Kumaram Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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.

Where is the Sub Registrar Office located for this street?

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