Guideline Value for Block 23 Rajarathinam Street

Block 23 Rajarathinam Street guideline value

The current guideline value for Block 23 Rajarathinam Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 23 Rajarathinam Street has changed

The guideline value for Block 23 Rajarathinam Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 172 per sq.ft. It increased to Rs 193 per sq.ft in 2003, marking a change of +12%. In 2007, the value rose to Rs 250 per sq.ft, an increase of +30%. The 2012 revision saw a decrease to Rs 500 per sq.ft, which was a decline of -33%. The value then increased significantly to Rs 335 per sq.ft in 2017, reflecting a change of +109%. The 2023 revision set the value at Rs 700 per sq.ft, followed by the current 2024 revision, which has further increased it to Rs 770 per sq.ft, a change of +10%.

There are no figures available for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +348%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that carry a 2024 figure, ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Block 23 Rajarathinam Street is below this median.

• Block 23 S.K.C.Road T.S.59: Rs 1,100 per sq.ft (2024)
• Block 23 ThanaKodi Lay Out: Rs 771 per sq.ft (2024)
• Block 24 E.V.Nanjappa Street: Rs 1,100 per sq.ft (2024)
• Block 23 Karuppana Samy Kovil Street: Rs 771 per sq.ft (2024)
• Block 24 Giramadai: Rs 770 per sq.ft (2024)
• Block 23 Giramadai 1 to 5: Rs 770 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. 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 23 Rajarathinam Street?

The Sub Registrar Office that covers Block 23 Rajarathinam 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 B

The guideline value is a crucial factor during the registration of property transactions in Ward B. It serves as a benchmark for assessing the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

When buying or selling property, it is essential to consider the guideline value as it directly influences the overall cost of the transaction. This value helps in determining the legal obligations and financial responsibilities involved in the property transfer process.

Frequently asked questions

What is the current guideline value for Block 23 Rajarathinam Street?

The current guideline value for Block 23 Rajarathinam Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 172 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of +348% over the years.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles the registration of properties in this street?

The Erode Joint I Sub Registrar Office is responsible for handling property registrations for Block 23 Rajarathinam Street.

Where can I find more information about the guideline values in Ward B?

More information about guideline values in Ward B can be found in the guideline value register maintained by the Registration Department.