Guideline Value for Block 21 Anandha Narayanan Street

Block 21 Anandha Narayanan Street guideline value

The current guideline value of Block 21 Anandha Narayanan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 21 Anandha Narayanan Street has changed

The guideline value for Block 21 Anandha Narayanan Street has seen several revisions over the years. In 2002, the guideline value was Rs 518 per sq.ft, which increased to Rs 581 per sq.ft in 2003. The value rose modestly by 12% during this period. From 2003 to 2007, the increase was marginal at 3%, bringing the value to Rs 600 per sq.ft. The next revision in 2007 saw a significant jump of 67%, with the guideline value reaching Rs 1,000 per sq.ft in 2012. However, there was a decrease of 33% by 2017, resulting in a value of Rs 670 per sq.ft.

In 2023, the guideline value was revised to Rs 1,000 per sq.ft, and the latest revision in 2024 has set it at Rs 1,100 per sq.ft, marking a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 112%.

Guideline values in Ward D

In Ward D, the guideline values for various streets range 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 21 Anandha Narayanan Street is above this median.

• Block 21 Agrahara Street: Rs 1,375 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 21 Vallaiyakara Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 21 Anandha Narayanan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Block 21 Anandha Narayanan Street?

The Sub Registrar Office that covers Block 21 Anandha Narayanan 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

The guideline value is a crucial factor in property transactions within Ward D. It serves as a benchmark for determining the minimum value of the property for registration purposes. When a property is sold, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of the transaction. The registration office will refer to the guideline value to ensure that the property is registered at a value that reflects its worth according to the local regulations.

Frequently asked questions

What is the current guideline value of Block 21 Anandha Narayanan Street?

The current guideline value of Block 21 Anandha Narayanan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 518 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 112% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for this street?

The Erode Joint I Sub Registrar Office handles property registrations for Block 21 Anandha Narayanan Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification of Block 21 Anandha Narayanan Street?

Block 21 Anandha Narayanan Street is classified as Residential Class II Type - I, which affects its guideline value and usage in property transactions.