Guideline Value for Block 20 South Valluvar Street (Sambandar Street)

Block 20 South Valluvar Street (Sambandar Street) guideline value

The current guideline value for Block 20 South Valluvar Street (Sambandar Street) is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Block 20 South Valluvar Street (Sambandar Street) has changed

The guideline value for Block 20 South Valluvar Street (Sambandar Street) has undergone several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 500 per sq.ft. This figure changed to Rs 335 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 700 per sq.ft, marking a rise of 109%. The latest revision in 2024 set the guideline value at Rs 771 per sq.ft, which is an increase of 10% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 54%.

Guideline values in Ward E

In Ward E, there are 196 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 guideline value in this area is Rs 825 per sq.ft, placing Block 20 South Valluvar Street (Sambandar Street) below this median.

• Block 20 Vannara Street (Porkai Pandian Street): Rs 771 per sq.ft (2024)
• Block 20 Poondurai Road: Rs 1,650 per sq.ft (2024)
• Block 20 Periyapallam Huts: Rs 771 per sq.ft (2024)
• Block 20 Pattakkar Street: Rs 1,100 per sq.ft (2024)
• Block 20 Vetnari Hospital Road: Rs 2,750 per sq.ft (2024)
• Block 20 Nethaji Road Part-1: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 20 South Valluvar Street (Sambandar Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total fees together to Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers Block 20 South Valluvar Street (Sambandar Street)?

The Sub Registrar Office that covers Block 20 South Valluvar Street (Sambandar 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 E

The guideline value is a crucial factor in property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees applicable when registering a property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value is used to calculate the necessary fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 20 South Valluvar Street (Sambandar Street)?

The current guideline value for Block 20 South Valluvar Street (Sambandar Street) 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 from Rs 500 per sq.ft in 2012 to Rs 771 per sq.ft in 2024, with significant increases noted in 2017 and 2023 revisions.

What are the other streets in Ward E with their guideline values?

Other streets in Ward E include Block 20 Vannara Street (Porkai Pandian Street) and Block 20 Periyapallam Huts, both at Rs 771 per sq.ft, while Block 20 Poondurai Road is at Rs 1,650 per sq.ft.

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

The Sub Registrar Office for Block 20 South Valluvar Street (Sambandar Street) is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 7,71,000 would incur a stamp duty of Rs 53,970 at a rate of 7%.