Guideline Value for Block 20 Neduncheralathan Street

Block 20 Neduncheralathan Street guideline value

The current guideline value for Block 20 Neduncheralathan Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO and falls under the Residential Class II Type - II land classification.

How the guideline value of Block 20 Neduncheralathan Street has changed

The guideline value for Block 20 Neduncheralathan Street has undergone several revisions over the years. Starting from the earliest revision in 2002, the guideline value was Rs 346 per sq.ft. This increased to Rs 389 per sq.ft in 2003, marking a change of +12%. The value continued to rise, reaching Rs 600 per sq.ft in 2007 (+54%), then to Rs 750 per sq.ft in 2012 (+25%). However, it saw a decrease to Rs 502 per sq.ft in 2017, which was a drop of -33%. The value then increased significantly to Rs 750 per sq.ft in 2023 (+49%) before reaching the current value of Rs 825 per sq.ft in 2024 (+10%). There are no figures available for the revisions in years not listed.

Overall, from 2002 to 2024, the guideline value has increased by +138%. This indicates a significant rise in the value of properties in this area over the years, reflecting changes in the local real estate market.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO, with guideline values for 2024 ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 798 per sq.ft, placing Block 20 Neduncheralathan Street above this median at Rs 825 per sq.ft.

• Block 20 Navidhar Lane: Rs 771 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 Neduncheralathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, while the registration fee at 2% would be Rs 16,500, bringing the total fees to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 20 Neduncheralathan Street?

The Sub Registrar Office that covers Block 20 Neduncheralathan Street 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 information.

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

When buying or selling property in Ward D, the guideline value is a crucial factor as it determines the stamp duty and registration fees that need to be paid. The guideline value serves as a benchmark for the property transaction, ensuring that the government receives appropriate revenue from property sales.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. Understanding this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Block 20 Neduncheralathan Street?

The current guideline value for Block 20 Neduncheralathan 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 346 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of +138% over the years.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in Block 20 Neduncheralathan Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

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

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

Other streets in Ward D have varying guideline values, with rates ranging from Rs 770 to Rs 7,700 per sq.ft. For example, Block 20 Navidhar Lane has a guideline value of Rs 771 per sq.ft in 2024.