Guideline Value for Block 23 Brindha Street

Block 23 Brindha Street guideline value

The current guideline value of Block 23 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 and is classified as Commercial Class I Type - III.

How the guideline value of Block 23 Brindha Street has changed

The guideline value for Block 23 Brindha Street has undergone several revisions over the years. In 2002, the value was Rs 448 per sq.ft, which increased to Rs 502 per sq.ft in 2003, marking a rise of 12%. The value saw a significant jump to Rs 750 per sq.ft in 2007, reflecting a 49% increase. In 2012, it was revised to Rs 2,500 per sq.ft, a notable increase of 233%. However, the value decreased to Rs 1,675 per sq.ft in 2017, showing a decline of 33%. The most recent revision in 2023 set the value at Rs 2,500 per sq.ft, which then increased by 10% to the current rate of Rs 2,750 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 514%. There are no figures available for revisions in years not listed in the register.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that have 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 23 Brindha Street's 2024 figure above this median.

• Block 23 AkilMedu Street: Rs 2,750 per sq.ft (2024)
• Block 22 Venkatachalam Street: Rs 2,750 per sq.ft (2024)
• Block 22 Veerapathira Road: Rs 2,750 per sq.ft (2024)
• Block 22 Vaniyar Street (or) Kovalan Street: Rs 1,100 per sq.ft (2024)
• Block 22 Subramaniyan Street: Rs 1,375 per sq.ft (2024)
• Block 23 Muthusamy Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 23 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 would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration would be Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 23 Brindha Street?

The Sub Registrar Office covering Block 23 Brindha 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 details.

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 a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being exchanged. It is essential for buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction process.

Frequently asked questions

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

The current guideline value of Block 23 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 448 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 514% over the years.

What are the other streets in Ward C with similar guideline values?

Other streets in Ward C with a guideline value of Rs 2,750 per sq.ft include Block 23 AkilMedu Street, Block 22 Venkatachalam Street, and Block 22 Veerapathira Road.

What is the stamp duty for property in Block 23 Brindha Street?

The stamp duty for property in Block 23 Brindha Street is 7% of the guideline value. For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.

Where is the Sub Registrar Office for Block 23 Brindha Street located?

The Sub Registrar Office for Block 23 Brindha Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone.