Guideline Value for Block 24 Agrahara Street

Block 24 Agrahara Street guideline value

The current guideline value of Block 24 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, classified as Residential Class II Type - I.

How the guideline value of Block 24 Agrahara Street has changed

The guideline value for Block 24 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. The value continued to rise, reaching Rs 600 per sq.ft in 2007, a 24% increase from the previous revision. The 2012 revision set the value at Rs 1,000 per sq.ft, reflecting a significant 67% increase. However, the value dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, followed by the latest revision in 2024, which established the current value at Rs 1,100 per sq.ft, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 155%. The register has no figures for the years not mentioned in this summary.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value, 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 24 Agrahara Street is above this median.

• Block 23 Sathiya Moorthy Street: Rs 1,100 per sq.ft (2024)
• Block 24 Jayaram Sandhu: Rs 770 per sq.ft (2024)
• Block 24 Kamatchi Kadu (Street): Rs 770 per sq.ft (2024)
• Block 23 New Agrahara Street: Rs 1,100 per sq.ft (2024)
• Block 23 NedunSeralathan Theru: Rs 825 per sq.ft (2024)
• Block 24 Kuppipalam Road: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 24 Agrahara Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, totaling 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 24 Agrahara Street?

The Sub Registrar Office covering Block 24 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 a crucial factor in property transactions within Ward D. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property. The fees are calculated based on the higher of the guideline value or the actual sale price of the property.

When selling property, the guideline value can affect the selling price, as it provides a reference point for both buyers and sellers. Understanding the guideline value is essential for anyone looking to navigate the property market in this area.

Frequently asked questions

What is the current guideline value of Block 24 Agrahara Street?

The current guideline value of Block 24 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 land classification for Block 24 Agrahara Street?

Block 24 Agrahara Street is classified as Residential Class II Type - I.

Where can I find the registration office for Block 24 Agrahara Street?

The registration office for Block 24 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 property in Block 24 Agrahara Street?

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