Guideline Value for Block 20 Devaki Street

Block 20 Devaki Street guideline value

The current guideline value of Block 20 Devaki Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO and is classified as Residential Class II Type - II.

How the guideline value of Block 20 Devaki Street has changed

The guideline value for Block 20 Devaki Street has seen several revisions over the years. In 2002, the value was Rs 224 per sq.ft, which increased to Rs 251 per sq.ft in 2003, marking a change of +12%. The value then rose significantly to Rs 400 per sq.ft in 2007, reflecting a +59% increase. Following this, the value jumped to Rs 750 per sq.ft in 2012, an increase of +88%. However, between 2012 and 2017, the value decreased to Rs 502 per sq.ft, a change of -33%. The value then rose again to Rs 750 per sq.ft in 2023, which is a +49% increase from 2017. Finally, the current revision in 2024 set the guideline value at Rs 825 per sq.ft, an increase of +10% from the previous year.

There are no figures for the revisions in the years not mentioned for this street. Overall, from 2002 to 2024, the guideline value has increased by +268%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 1,100 per sq.ft, and the guideline value for Block 20 Devaki Street is below this median.

• Block 20 Chennimalai ( or) Muthukumarasamy Street: Rs 825 per sq.ft (2024)
• Block 20 Marappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Block 1 Perundurai Road: Rs 4,400 per sq.ft (2024)
• Block 20 N.G.G.O.Colony Street 1 to 8: Rs 825 per sq.ft (2024)
• Block 20 S.K.C.Road: Rs 825 per sq.ft (2024)
• Block 21 Chenniappa Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 20 Devaki Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, making a total of Rs 74,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 20 Devaki Street?

The Sub Registrar Office that covers Block 20 Devaki 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 B

The guideline value is an essential factor in property transactions within Ward B. It serves as a benchmark for determining the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and transparently. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Block 20 Devaki Street?

The current guideline value of Block 20 Devaki Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 224 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, showing an overall increase of +268% over the years.

What is the registration office for Block 20 Devaki Street?

The registration office for Block 20 Devaki 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 property in Block 20 Devaki Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 74,250.

What is the land classification for Block 20 Devaki Street?

Block 20 Devaki Street is classified as Residential Class II Type - II, indicating its use for residential purposes within the local zoning regulations.