Guideline Value for Block 23 Agrahara Street

Block 23 Agrahara Street guideline value

The current guideline value of Block 23 Agrahara 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 and is classified as Residential Class II Type - I.

How the guideline value of Block 23 Agrahara Street has changed

The guideline value for Block 23 Agrahara Street has seen several revisions over the years. In 2002, the value was Rs 432 per sq.ft, which increased to Rs 485 per sq.ft in 2003, marking a 12% rise. Following this, the value rose by 24% to Rs 600 per sq.ft in 2007. The next revision in 2012 saw a significant increase of 67%, bringing the value to Rs 1,000 per sq.ft. However, this value decreased by 33% to Rs 670 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 155%. There are no figures available for revisions in years not mentioned in the register for this street.

Guideline values in Ward D

In Ward D, the guideline values for 200 streets under the Erode Joint I SRO range from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value of Block 23 Agrahara Street is above this median.

• Block 22 WestMuhamadhiyarStreet (or) KalamegamStreet: Rs 1,100 per sq.ft (2024)
• Block 23 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 22 SouthMuhamadhiyarStreet (or) OoriStreet: Rs 1,100 per sq.ft (2024)
• Block 23 NedunSeralathan Theru: Rs 825 per sq.ft (2024)
• Block 22 North Muhamadhiyar Lane (or) Pari Street: Rs 1,100 per sq.ft (2024)
• Block 23 New Agrahara Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 23 Agrahara Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 23 Agrahara Street?

The Sub Registrar Office that covers Block 23 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 more information.

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

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

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

Frequently asked questions

What is the current guideline value of Block 23 Agrahara Street?

The current guideline value of Block 23 Agrahara 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 432 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 155% over the years.

What is the classification of land for Block 23 Agrahara Street?

Block 23 Agrahara Street is classified as Residential Class II Type - I.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Block 23 Agrahara Street?

The Erode Joint I Sub Registrar Office handles the registration for Block 23 Agrahara Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.