Guideline Value for Block 24 Mettur Road (or) E.V. Nanjappa Road

Block 24 Mettur Road (or) E.V. Nanjappa Road guideline value

The current guideline value for Block 24 Mettur Road (or) E.V. Nanjappa Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Block 24 Mettur Road (or) E.V. Nanjappa Road has changed

The guideline value for Block 24 Mettur Road (or) E.V. Nanjappa Road has seen significant changes over the years. The earliest recorded revision in 2002 set the value at Rs 430 per sq.ft. This increased to Rs 750 per sq.ft in 2003, marking a 74% rise. The value then saw a decrease to Rs 500 per sq.ft in 2007, which was a 33% drop. After that, the guideline value rose sharply to Rs 2,500 per sq.ft in 2012, reflecting a 400% increase. However, it then decreased again to Rs 1,675 per sq.ft in 2017, which was a 33% decline. The value was revised to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,750 per sq.ft, indicating a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 540%. There are no figures available for the revisions of this street in the years not listed above.

Guideline values in Ward E

In Ward E, the guideline values range from Rs 770 to Rs 6,600 per sq.ft as of the 2024 revision, with a median value of Rs 825 per sq.ft. The guideline value for Block 24 Mettur Road (or) E.V. Nanjappa Road is above this median.

• Block 24 Muthukumarasamypillai Main Road: Rs 2,530 per sq.ft (2024)
• Block 24 Kunikadu Karimedu (or) Kalliyangadu: Rs 771 per sq.ft (2024)
• Block 24 Huts (Goodshed Opposite side): Rs 771 per sq.ft (2024)
• Block 24 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 24 Easwaran Pillai Street: Rs 771 per sq.ft (2024)
• Block 25 Bala Subbarayalu Naidu Street: Rs 772 per sq.ft (2024)

Stamp duty and registration fee for property in Block 24 Mettur Road (or) E.V. Nanjappa Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Block 24 Mettur Road (or) E.V. Nanjappa Road?

The Sub Registrar Office that covers Block 24 Mettur Road (or) E.V. Nanjappa Road 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 is a crucial factor in the registration process when buying or selling property in Ward E. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are collected. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Block 24 Mettur Road (or) E.V. Nanjappa Road?

The current guideline value for Block 24 Mettur Road (or) E.V. Nanjappa Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 430 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, showing an overall increase of 540% over the years.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 2,47,500, which includes a stamp duty of Rs 1,92,500 and a registration fee of Rs 55,000.

Which office handles registrations for this street?

The Erode Joint I Sub Registrar Office handles registrations for Block 24 Mettur Road (or) E.V. Nanjappa Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 24 Mettur Road (or) E.V. Nanjappa Road?

The land classification for Block 24 Mettur Road (or) E.V. Nanjappa Road is Commercial Class I Type - III.