Guideline Value for Block 20 Jeevanandham Road

Block 20 Jeevanandham Road guideline value

The current guideline value for Block 20 Jeevanandham Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Block 20 Jeevanandham Road has changed

The guideline value for Block 20 Jeevanandham Road has seen several revisions over the years. The earliest recorded revision was in 2002, with a guideline value of Rs 467 per sq.ft. This increased to Rs 528 per sq.ft in 2003, marking a change of +13%. Following this, the value rose to Rs 750 per sq.ft in 2007, reflecting a +42% increase. The 2012 revision saw a decrease to Rs 1,000 per sq.ft, which was a -33% change. In 2017, the value was revised to Rs 670 per sq.ft, an increase of +49% from the previous figure. The 2023 revision set the value at Rs 1,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 1,100 per sq.ft, a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +136%. It is important to note that the register has no figures for the years not mentioned in this summary.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 20 Jeevanandham Road is above this median.

• Block 20 Nethaji Road Part-1: Rs 1,375 per sq.ft (2024)
• Block 1 S.K. Chenniappa Gounder Road: Rs 1,650 per sq.ft (2024)
• Block 20 Pattakkar Street: Rs 1,100 per sq.ft (2024)
• Block 20 Periyapallam Huts: Rs 771 per sq.ft (2024)
• Block 20 Poondurai Road: Rs 1,650 per sq.ft (2024)
• Block 1 Perumal Naidu Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 20 Jeevanandham Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 20 Jeevanandham Road?

The Sub Registrar Office that covers Block 20 Jeevanandham Road 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 E

The guideline value is a crucial factor in the registration process when buying or selling property in Ward E. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. The stamp duty is calculated based on this guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Block 20 Jeevanandham Road?

The current guideline value for Block 20 Jeevanandham Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 467 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of +136%.

What is the land classification for Block 20 Jeevanandham Road?

Block 20 Jeevanandham Road is classified as Residential Class II Type - I.

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

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

How is the stamp duty calculated for properties in Ward E?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.