Guideline Value for Block 24 Valaiyakkara Street

Block 24 Valaiyakkara Street guideline value

The current guideline value of Block 24 Valaiyakkara 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, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Block 24 Valaiyakkara Street has changed

The guideline value for Block 24 Valaiyakkara Street has seen several revisions over the years. In 2002, the value was Rs 346 per sq.ft, which increased to Rs 389 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 600 per sq.ft in 2007, reflecting a 54% increase. Following this, the value reached Rs 1,000 per sq.ft in 2012, an increase of 67%. However, it decreased to Rs 670 per sq.ft in 2017, showing a decline of 33%. The value was revised to Rs 1,000 per sq.ft in 2023, which was a significant increase of 49%, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in years other than those mentioned. Therefore, the guideline values for Block 24 Valaiyakkara Street are based solely on the revisions from 2002 to 2024.

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. The median value for these streets is Rs 798 per sq.ft, and Block 24 Valaiyakkara Street's 2024 figure is above this median.

• Block 25 Ayyanarappan Kovil Street 1,2: Rs 1,100 per sq.ft (2024)
• Block 24 Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)
• Block 25 Balusamy Street: Rs 770 per sq.ft (2024)
• Block 24 Rangasamy Lane (Street): Rs 770 per sq.ft (2024)
• Block 25 Chella Batsha Street: Rs 1,375 per sq.ft (2024)
• Block 24 Kuppipalam Road: Rs 771 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 24 Valaiyakkara Street?

The Sub Registrar Office that covers Block 24 Valaiyakkara 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with the regulations set forth by the registration authorities.

When a property is sold, the guideline value helps establish a fair price for the transaction. It is essential for both parties to understand that the guideline value can influence the overall costs associated with buying or selling property in this area.

Frequently asked questions

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

The current guideline value of Block 24 Valaiyakkara 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 346 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 218% over the years.

What is the land classification for Block 24 Valaiyakkara Street?

Block 24 Valaiyakkara Street is classified under Residential Class II Type - I.

What are the other streets with similar guideline values in Ward D?

Other streets in Ward D with similar guideline values include Block 25 Ayyanarappan Kovil Street 1,2 and Block 24 Sathiyamoorthy Street, both at Rs 1,100 per sq.ft in 2024.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Block 24 Valaiyakkara Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.