Guideline Value for Block 25 E.V.Nanjappa Street

Block 25 E.V.Nanjappa Street guideline value

The current guideline value for Block 25 E.V.Nanjappa Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 25 E.V.Nanjappa Street has changed

The guideline value for Block 25 E.V.Nanjappa Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, an increase of 10% from the 2023 revision of Rs 1,000 per sq.ft. Prior to that, the 2017 revision was Rs 670 per sq.ft, marking a significant increase of 49% from the previous 2023 figure. The 2012 revision also recorded a value of Rs 1,000 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the revisions that are recorded are from 2012, 2017, 2023, and 2024.

Guideline values in Ward B

In Ward B, there are 170 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 guideline value for these streets is Rs 1,100 per sq.ft, which matches the current value for Block 25 E.V.Nanjappa Street.

• Block 25 Giramadai: Rs 770 per sq.ft (2024)
• Block 25 Karuppanasamy Kovil Street: Rs 771 per sq.ft (2024)
• Block 24 S.K.Chenniappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Block 24 Santhankarukku Street: Rs 771 per sq.ft (2024)
• Block 24 Rajarathinam St: Rs 770 per sq.ft (2024)
• Block 25 Santhankarukku Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 E.V.Nanjappa Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property's sale price.

Which Sub Registrar Office covers Block 25 E.V.Nanjappa Street?

The Sub Registrar Office that covers Block 25 E.V.Nanjappa 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 B

The guideline value is an essential factor during the registration of property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is sold, 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.

Frequently asked questions

What is the current guideline value for Block 25 E.V.Nanjappa Street?

The current guideline value for Block 25 E.V.Nanjappa 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 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, reflecting a significant increase over the years.

What is the registration office for Block 25 E.V.Nanjappa Street?

The registration office for Block 25 E.V.Nanjappa Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same amount.

Where can I find more information about guideline values in Ward B?

You can find more information about guideline values in Ward B by referring to the Registration Department's guideline value register available on the TNReginet website.