Guideline Value for Block 2 Samiyappa Street 1,2,3 Main Road

Block 2 Samiyappa Street 1,2,3 Main Road guideline value

The current guideline value for Block 2 Samiyappa Street 1,2,3 Main Road is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Block 2 Samiyappa Street 1,2,3 Main Road has changed

The guideline value for Block 2 Samiyappa Street has seen several revisions over the years. In 2002, the value was Rs 105 per sq.ft, which increased significantly to Rs 360 per sq.ft in 2003, marking a change of +243%. The value then rose to Rs 500 per sq.ft in both 2007 and 2012, with no change during that period. However, it decreased to Rs 335 per sq.ft in 2017, reflecting a decline of -33%. From 2017 to 2023, the value surged to Rs 700 per sq.ft, a remarkable increase of +109%, and finally, it reached Rs 770 per sq.ft in the 2024 revision, which is a +10% change from the previous year.

There are no figures available for years outside the specified revisions for this street. The overall change from the 2002 revision to the 2024 revision is +633%.

Guideline values in Ward A

In Ward A, the guideline values for properties range from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 2 Samiyappa Street is below this median.

• Block 2 Thirunagar Colony: Rs 2,200 per sq.ft (2024)
• Block 2 Pumbing Station Road 1 to 4 Main Road: Rs 825 per sq.ft (2024)
• Block 3 Arumuga Street T.S.50: Rs 771 per sq.ft (2024)
• Block 3 Chinnappa Layout 1 2: Rs 825 per sq.ft (2024)
• Block 3 Chinnappa Layout Huts: Rs 770 per sq.ft (2024)
• Block 3 Krishnampalayam Harijan Colony: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 2 Samiyappa Street 1,2,3 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. It is important to note that 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 information.

Which Sub Registrar Office covers Block 2 Samiyappa Street 1,2,3 Main Road?

The Sub Registrar Office that covers Block 2 Samiyappa 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 additional details.

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

The guideline value is a crucial factor during the registration of property transactions in Ward A. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value for Block 2 Samiyappa Street 1,2,3 Main Road?

The current guideline value for Block 2 Samiyappa Street 1,2,3 Main Road is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 105 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of +633% over the years.

What is the stamp duty for properties in Block 2 Samiyappa Street 1,2,3 Main Road?

The stamp duty for properties in Block 2 Samiyappa Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office covering Block 2 Samiyappa Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 2 Samiyappa Street 1,2,3 Main Road?

The land classification for Block 2 Samiyappa Street 1,2,3 Main Road is Residential Class III Type - I.