Guideline Value for Block 20 Thiru.V.K.Street

Block 20 Thiru.V.K.Street guideline value

The current guideline value for Block 20 Thiru.V.K.Street is Rs 1,375 per sq.ft. This street is located in Ward A village under the Erode Joint I SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Block 20 Thiru.V.K.Street has changed

The guideline value for Block 20 Thiru.V.K.Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 105 per sq.ft. It then increased to Rs 575 per sq.ft in 2003, marking a significant rise of 448%. The value continued to rise, reaching Rs 750 per sq.ft in 2007, an increase of 30%. In 2012, the value was Rs 1,250 per sq.ft, reflecting a 67% increase from the previous revision. However, it decreased to Rs 837 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 1,250 per sq.ft, followed by the current 2024 revision, which increased it to Rs 1,375 per sq.ft, a rise of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 1,210%. The register does not have figures for the years not mentioned in the revisions for this street.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 1,375 per sq.ft, which is the same as the current guideline value for Block 20 Thiru.V.K.Street.

• Block 20 Varanavasi Street: Rs 825 per sq.ft (2024)
• Block 21 Chinnamuthu Street Main Road: Rs 1,375 per sq.ft (2024)
• Block 20 Municipal Colony Road: Rs 1,375 per sq.ft (2024)
• Block 21 Krishnasamy Street: Rs 1,100 per sq.ft (2024)
• Block 21 Thiru.V.K.Road: Rs 1,375 per sq.ft (2024)
• Block 1 Samiyappa Street 1 2 3 Main Road: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 20 Thiru.V.K.Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value would be Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, making the total cost for these fees Rs 1,23,750. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 20 Thiru.V.K.Street?

The Sub Registrar Office that covers Block 20 Thiru.V.K.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 A

The guideline value is an important factor during the registration of property transactions in Ward A. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 20 Thiru.V.K.Street?

The current guideline value for Block 20 Thiru.V.K.Street is Rs 1,375 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 105 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 1,210% over the years.

What is the role of the Erode Joint I SRO?

The Erode Joint I SRO is responsible for maintaining the guideline value register and overseeing property registrations in the area, including Block 20 Thiru.V.K.Street.

How is the stamp duty calculated for properties in Block 20 Thiru.V.K.Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,75,000 would incur a stamp duty of Rs 96,250.

Where can I find more information about the registration process?

For more information about the registration process and to find your specific Sub Registrar Office, you can visit the relevant sections on our website.