Guideline Value for Block 24 Easwaran Pillai Street

Block 24 Easwaran Pillai Street guideline value

The current guideline value for Block 24 Easwaran Pillai Street is Rs 771 per sq.ft. This street is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 24 Easwaran Pillai Street has changed

The guideline value for Block 24 Easwaran Pillai Street has undergone several revisions over the years. In 2002, the value was Rs 204 per sq.ft, which increased to Rs 350 per sq.ft in 2003. The value remained unchanged until 2007, when it was revised to Rs 350 per sq.ft. In 2012, it rose to Rs 500 per sq.ft, but then decreased to Rs 335 per sq.ft in 2017. The value saw a significant increase to Rs 700 per sq.ft in 2023, and is set to rise further to Rs 771 per sq.ft in the upcoming 2024 revision, effective from 1 July 2024.

Between these revisions, there have been notable changes. From 2002 to 2023, the overall increase was +278%. The most significant jump occurred from 2017 to 2023, with an increase of +109%. The only decrease was from 2012 to 2017, which saw a reduction of -33%. The latest revision from 2023 to 2024 shows an increase of +10%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 825 per sq.ft, making the guideline value for Block 24 Easwaran Pillai Street below this median.

• Block 24 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 24 Huts (Goodshed Opposite side): Rs 771 per sq.ft (2024)
• Block 24 Kunikadu Karimedu (or) Kalliyangadu: Rs 771 per sq.ft (2024)
• Block 23 Poyyaerikkarai: Rs 771 per sq.ft (2024)
• Block 23 Poyyaerikarai Huts: Rs 771 per sq.ft (2024)
• Block 24 Mettur Road (or) E.V. Nanjappa Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 24 Easwaran Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total fees to Rs 69,390. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 24 Easwaran Pillai Street?

The Sub Registrar Office that covers Block 24 Easwaran Pillai 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 E

The guideline value plays a crucial role in the registration process when buying or selling property in Ward E. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the buyer is required to pay stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Block 24 Easwaran Pillai Street?

The current guideline value of Block 24 Easwaran Pillai Street is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 204 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of +278% over the years.

What is the land classification for Block 24 Easwaran Pillai Street?

Block 24 Easwaran Pillai Street is classified as Residential Class III Type - I.

Where can I find the Erode Joint I SRO?

The Erode Joint I SRO is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 69,390.