Guideline Value for Block 2 Annanagar 1st Street

Block 2 Annanagar 1st Street guideline value

The current guideline value of Block 2 Annanagar 1st Street is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, classified as Residential Class II Type - III.

How the guideline value of Block 2 Annanagar 1st Street has changed

The guideline value for Block 2 Annanagar 1st Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 205 per sq.ft. This increased to Rs 230 per sq.ft in 2003, marking a change of +12%. The value continued to rise, reaching Rs 250 per sq.ft in 2007, a +9% increase. In 2012, the value was revised to Rs 600 per sq.ft, reflecting a significant increase of +140%. However, it decreased to Rs 402 per sq.ft in 2017, showing a decline of -33%. The value then rose to Rs 700 per sq.ft in 2023, which was a +74% increase. The most recent revision in 2024 set the guideline value at Rs 771 per sq.ft, an increase of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +276%. There are no figures available for any other revisions 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 2 Annanagar 1st Street is below this median.

• Block 2 Arumugam Street: Rs 771 per sq.ft (2024)
• Block 29 Sundara Moorthy Road: Rs 825 per sq.ft (2024)
• Block 29 Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)
• Block 29 NedunSeralarathan Theru: Rs 825 per sq.ft (2024)
• Block 2 Karungalpalayam Vaykal Marapalam Road: Rs 825 per sq.ft (2024)
• Block 2 K.A.S Nagar: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 2 Annanagar 1st 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 be Rs 53,970, and the registration fee at 2% would be Rs 15,420, making the total cost for these charges Rs 69,390. 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 detailed calculations.

Which Sub Registrar Office covers Block 2 Annanagar 1st Street?

The Sub Registrar Office that covers Block 2 Annanagar 1st Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Ward D. It is used to calculate the stamp duty and registration fees that are required when a property transaction takes place. Buyers and sellers must be aware of the guideline value to ensure they are compliant with the local registration laws.

When a property is sold, the guideline value is considered to determine the applicable charges, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 2 Annanagar 1st Street?

The current guideline value for Block 2 Annanagar 1st 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 multiple times, from Rs 205 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, which is an overall increase of +276%.

What is the guideline value used for?

The guideline value is used to calculate stamp duty and registration fees when buying or selling property. It determines the charges applicable during the registration process.

Which office handles property registrations for Block 2 Annanagar 1st Street?

The Erode Joint I Sub Registrar Office handles property registrations for Block 2 Annanagar 1st Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate your charges using the stamp duty and registration fee calculator.