Guideline Value for Block 22 Brindha Street

Block 22 Brindha Street guideline value

The current guideline value for Block 22 Brindha Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, classified as Commercial Class I Type - III.

How the guideline value of Block 22 Brindha Street has changed

The guideline value for Block 22 Brindha Street has seen several revisions over the years. In 2002, the value was Rs 240 per sq.ft, which increased to Rs 269 per sq.ft in 2003, marking a 12% rise. The value then saw significant growth, reaching Rs 750 per sq.ft in 2007, which was a 179% increase. By 2012, the value had adjusted to Rs 2,500 per sq.ft, reflecting a 233% increase from the previous revision.

From 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. However, between 2017 and 2023, the value rose sharply to Rs 2,500 per sq.ft, representing a 49% increase. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, a 10% increase from the previous year. The register has no figures for revisions prior to 2002 or after 2024.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 22 Brindha Street's 2024 figure above that median.

• Block 21 West Kongalamman Kovil Street Part 2: Rs 2,750 per sq.ft (2024)
• Block 21 Sultan Pettai Street Part 2: Rs 1,375 per sq.ft (2024)
• Block 22 Municipality Lane: Rs 1,100 per sq.ft (2024)
• Block 22 Nethaji Road: Rs 5,500 per sq.ft (2024)
• Block 21 Nethaji Street Part 2: Rs 5,500 per sq.ft (2024)
• Block 21 Masuthi Street Part 2: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 22 Brindha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that 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 22 Brindha Street?

The Sub Registrar Office that covers Block 22 Brindha 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 C

The guideline value is a crucial factor during the registration of property transactions in Ward C. It serves as the basis for calculating stamp duty and registration fees, ensuring that the proper amounts are paid based on the property's value as determined by the government.

When buying or selling property, the guideline value helps in assessing the legal obligations associated with the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value for Block 22 Brindha Street?

The current guideline value for Block 22 Brindha Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 240 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1046% over the years.

What is the land classification for Block 22 Brindha Street?

Block 22 Brindha Street is classified as Commercial Class I Type - III.

Where can I find the registration office for Block 22 Brindha Street?

The registration office for Block 22 Brindha Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in Block 22 Brindha Street?

Stamp duty for properties in Block 22 Brindha Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 2,47,500.