Guideline Value for Block 20 Navidhar Lane

Block 20 Navidhar Lane guideline value

The current guideline value for Block 20 Navidhar Lane is Rs 771 per sq.ft, effective from 1 July 2024. This property 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 20 Navidhar Lane has changed

The guideline value for Block 20 Navidhar Lane has seen several revisions over the years. In 2002, the guideline value was Rs 346 per sq.ft, which increased to Rs 389 per sq.ft in 2003, marking a 12% rise. By 2007, the value remained at Rs 600 per sq.ft, and in 2012, it dropped to Rs 600 per sq.ft again. The following revision in 2017 saw a significant increase to Rs 402 per sq.ft, followed by a substantial rise to Rs 700 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 771 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 123%. The changes between the revisions include a 74% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017. There are no figures available for the years not listed in the register 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 20 Navidhar Lane is below this median.

• Block 20 Neduncheralathan Street: Rs 825 per sq.ft (2024)
• Block 20 KalamegamStreet(or)WestMuhamadhiarStreet: Rs 1,100 per sq.ft (2024)
• Block 20 Cutcheri Street: Rs 1,375 per sq.ft (2024)
• Block 20 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 20 Thattara Street (Mandapam Street): Rs 1,100 per sq.ft (2024)
• Block 1 Ponnusamy Theru: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 20 Navidhar Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty, calculated at 7%, would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, totaling Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 20 Navidhar Lane?

The Sub Registrar Office that covers Block 20 Navidhar Lane is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Ward D. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value for taxation purposes.

When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Block 20 Navidhar Lane?

The current guideline value for Block 20 Navidhar Lane 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 significantly, increasing from Rs 346 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, which is an overall increase of 123%.

What is the stamp duty rate for properties in Block 20 Navidhar Lane?

The stamp duty rate for properties in Block 20 Navidhar Lane is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Block 20 Navidhar Lane located?

The Sub Registrar Office for Block 20 Navidhar Lane is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What are the guideline values for other streets in Ward D?

Other streets in Ward D have varying guideline values. For example, Block 20 Neduncheralathan Street is Rs 825 per sq.ft, while Block 20 Cutcheri Street is Rs 1,375 per sq.ft in 2024.