Guideline Value for Block 23 New Agrahara Street

Block 23 New Agrahara Street guideline value

The current guideline value of Block 23 New 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 New Agrahara Street has changed

The guideline value for Block 23 New Agrahara Street has undergone several revisions over the years. In 2002, the guideline value was Rs 445 per sq.ft, which increased to Rs 500 per sq.ft in 2003, reflecting a change of +12%. The value rose to Rs 600 per sq.ft in 2007, marking a +20% increase. By 2012, it reached Rs 1,000 per sq.ft, showing a significant +67% increase from the previous revision. However, in 2017, the value decreased to Rs 670 per sq.ft, indicating a -33% change. The 2023 revision set the value at Rs 1,000 per sq.ft, which then increased to Rs 1,100 per sq.ft in 2024, a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +147%. There are no figures available for revisions in years other than those listed above.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO with 2024 guideline values ranging 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 23 New Agrahara Street is above this median.

• Block 23 NedunSeralathan Theru: Rs 825 per sq.ft (2024)
• Block 23 Sathiya Moorthy Street: Rs 1,100 per sq.ft (2024)
• Block 24 Agrahara Street: Rs 1,100 per sq.ft (2024)
• Block 23 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 23 Agrahara Street: Rs 1,100 per sq.ft (2024)
• Block 24 Jayaram Sandhu: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 23 New Agrahara 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 be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 23 New Agrahara Street?

The Sub Registrar Office that covers Block 23 New 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 further assistance.

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 determines the minimum value at which properties can be registered and is used to calculate stamp duty and registration fees. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration regulations.

When a property is sold, the guideline value serves as a benchmark for the sale price. If the sale price is higher than the guideline value, the stamp duty is calculated on the sale price; otherwise, it is based on the guideline value.

Frequently asked questions

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

The current guideline value of Block 23 New 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 445 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing an overall increase of +147% over this period.

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

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

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

The Sub Registrar Office for Block 23 New Agrahara 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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.