Guideline Value for Block 20 Easwaran Kovil Lane

Block 20 Easwaran Kovil Lane guideline value

The current guideline value for Block 20 Easwaran Kovil Lane is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Ward C village under the Erode Joint I SRO and is classified as Commercial Class I Type - III.

How the guideline value of Block 20 Easwaran Kovil Lane has changed

The guideline value for Block 20 Easwaran Kovil Lane has seen several revisions over the years. The earliest recorded revision in 2002 set the value at Rs 1,058 per sq.ft. This figure increased to Rs 1,185 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 1,500 per sq.ft in 2007, a 27% increase from the previous revision. In 2012, the guideline value changed to Rs 2,500 per sq.ft, reflecting a significant 67% increase from 2007. However, between 2012 and 2017, the value decreased to Rs 1,675 per sq.ft, showing a 33% decline. The guideline value then increased sharply to Rs 2,500 per sq.ft in 2023, a 49% rise from 2017, and currently stands at Rs 2,750 per sq.ft as of the 2024 revision, which is a 10% increase from 2023.

There are no figures available for revisions in years not listed. Overall, from 2002 to 2024, the guideline value has increased by 160%.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 7,700 per sq.ft as of 2024. The median value for these streets is Rs 1,375 per sq.ft, placing Block 20 Easwaran Kovil Lane above that median.

• Block 20 East Kongalamman Kovil Street: Rs 2,750 per sq.ft (2024)
• Block 1 Vandiuran Kovil Street: Rs 771 per sq.ft (2024)
• Block 20 Nethaji Road Part 1: Rs 5,500 per sq.ft (2024)
• Block 1 Royal Lay out: Rs 771 per sq.ft (2024)
• Block 1 RajaGopal Thottam: Rs 771 per sq.ft (2024)
• Block 20 R.K.Venkatasamy Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Block 20 Easwaran Kovil Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 20 Easwaran Kovil Lane?

The Sub Registrar Office that covers Block 20 Easwaran Kovil Lane 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 further assistance.

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

The guideline value is a crucial factor in property transactions within Ward C. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value for Block 20 Easwaran Kovil Lane?

The current guideline value for Block 20 Easwaran Kovil Lane is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,058 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, showing an overall increase of 160% over this period.

What is the classification of Block 20 Easwaran Kovil Lane?

Block 20 Easwaran Kovil Lane is classified as Commercial Class I Type - III.

Where can I find the Sub Registrar Office for this property?

The Erode Joint I Sub Registrar Office covers Block 20 Easwaran Kovil Lane, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur fees totaling Rs 2,47,500.