Guideline Value for Block 21 Agrahara Street

Block 21 Agrahara Street guideline value

The current guideline value of Block 21 Agrahara Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward D village, under the Erode Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Block 21 Agrahara Street has changed

The guideline value for Block 21 Agrahara Street has seen several revisions over the years. In 2002, the guideline value was Rs 573 per sq.ft, which increased to Rs 643 per sq.ft in 2003, marking a 12% rise. The value continued to rise to Rs 750 per sq.ft in 2007, a 17% increase. By 2012, the value had increased to Rs 1,250 per sq.ft, reflecting a 67% jump. However, it then decreased to Rs 837 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,250 per sq.ft in 2023, and finally reached Rs 1,375 per sq.ft in 2024, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 140%. The register has no figures for the years not mentioned above.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO carrying a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 798 per sq.ft, placing Block 21 Agrahara Street above this median.

• Block 21 Anandha Narayanan Street: Rs 1,100 per sq.ft (2024)
• Block 21 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 21 Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)
• Block 21 Thattara Mandapa Street: Rs 1,100 per sq.ft (2024)
• Block 20 Neduncheralathan Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 21 Agrahara 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 amount to Rs 96,250, and the registration fee at 2% would be Rs 27,500, bringing the total fees to Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 21 Agrahara Street?

The Sub Registrar Office that covers Block 21 Agrahara 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 additional information.

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

The guideline value is a crucial factor in property transactions within Ward D. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value serves as a benchmark for calculating the fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions, as the fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Block 21 Agrahara Street?

The current guideline value of Block 21 Agrahara Street is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 573 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 140% over the years.

What is the land classification for Block 21 Agrahara Street?

Block 21 Agrahara Street is classified as Residential Class I Type - III.

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

The Sub Registrar Office for Block 21 Agrahara Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 1,23,750.