Guideline Value for Block 24 Jayaram Sandhu

Block 24 Jayaram Sandhu guideline value

The current guideline value for Block 24 Jayaram Sandhu is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward D village, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 24 Jayaram Sandhu has changed

The guideline value for Block 24 Jayaram Sandhu has seen several revisions over the years. In 2003, the value was Rs 275 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The value then rose to Rs 500 per sq.ft in 2012, before dropping to Rs 335 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 700 per sq.ft in 2023, and currently stands at Rs 770 per sq.ft as of the 2024 revision.

From 2017 to 2023, there was a notable increase of 109%. The change from 2023 to 2024 reflects a rise of 10%. Overall, from 2003 to 2024, the guideline value has increased by 180%. It is important to note that the register has no figure for this street for the year 2002.

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. The median guideline value in this area is Rs 798 per sq.ft, placing Block 24 Jayaram Sandhu's current value below this median.

• Block 24 Kamatchi Kadu (Street): Rs 770 per sq.ft (2024)
• Block 24 Kuppipalam Road: Rs 771 per sq.ft (2024)
• Block 24 Agrahara Street: Rs 1,100 per sq.ft (2024)
• Block 23 Sathiya Moorthy Street: Rs 1,100 per sq.ft (2024)
• Block 24 Rangasamy Lane (Street): Rs 770 per sq.ft (2024)
• Block 24 Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 24 Jayaram Sandhu

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 fees to Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 24 Jayaram Sandhu?

The Sub Registrar Office that covers Block 24 Jayaram Sandhu is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Ward D

The guideline value plays a crucial role in property transactions in Ward D. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning during the registration process.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 24 Jayaram Sandhu?

The current guideline value for Block 24 Jayaram Sandhu 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 275 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 180% over this period.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles property registrations for Block 24 Jayaram Sandhu?

The Erode Joint I Sub Registrar Office handles property registrations for Block 24 Jayaram Sandhu, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It ensures that the correct revenue is collected based on the higher value between the guideline value and the sale price.