Guideline Value for Block 25 Ayyanarappan Kovil Street 1,2

Block 25 Ayyanarappan Kovil Street 1,2 guideline value

The current guideline value for Block 25 Ayyanarappan Kovil Street 1,2 is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Block 25 Ayyanarappan Kovil Street 1,2 has changed

The guideline value for Block 25 Ayyanarappan Kovil Street 1,2 has undergone several revisions over the years. In 2002, the value was Rs 363 per sq.ft, which increased to Rs 407 per sq.ft in 2003, marking a 12% rise. The value continued to increase, reaching Rs 600 per sq.ft in 2007, a 47% increase from the previous revision. In 2012, the value was Rs 1,000 per sq.ft, reflecting a significant 67% increase from 2007. However, there was a decrease to Rs 670 per sq.ft in 2017, a decline of 33% from the 2012 figure. The value then rose to Rs 1,000 per sq.ft in 2023, which was a 49% increase from 2017. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, showing a 10% increase from the previous year.

Guideline values in Ward D

In Ward D, the guideline values range from Rs 770 to Rs 7,700 per sq.ft as of the 2024 revision, with a median value of Rs 798 per sq.ft. The guideline value for Block 25 Ayyanarappan Kovil Street 1,2 is above this median.

• Block 24 Valaiyakkara Street: Rs 1,100 per sq.ft (2024)
• Block 25 Balusamy Street: Rs 770 per sq.ft (2024)
• Block 25 Chella Batsha Street: Rs 1,375 per sq.ft (2024)
• Block 24 Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)
• Block 24 Rangasamy Lane (Street): Rs 770 per sq.ft (2024)
• Block 25 Keerakara Street (or) Marimuthu Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Ayyanarappan Kovil Street 1,2

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, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. The 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 25 Ayyanarappan Kovil Street 1,2?

The Sub Registrar Office that covers Block 25 Ayyanarappan Kovil Street 1,2 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 critical factor in the registration process when buying or selling property in Ward D. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value serves as a benchmark for the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to understand the financial implications of the sale.

Frequently asked questions

What is the current guideline value for Block 25 Ayyanarappan Kovil Street 1,2?

The current guideline value for Block 25 Ayyanarappan Kovil Street 1,2 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 363 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 203% over the years.

What is the land classification for Block 25 Ayyanarappan Kovil Street 1,2?

Block 25 Ayyanarappan Kovil Street 1,2 is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Block 25 Ayyanarappan Kovil Street 1,2 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

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