Guideline Value for Block 25 North Easwaran Kovil Street

Block 25 North Easwaran Kovil Street guideline value

The current guideline value of Block 25 North Easwaran Kovil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Block 25 North Easwaran Kovil Street has changed

The guideline value for Block 25 North Easwaran Kovil Street has seen several revisions over the years. In 2002, the value was Rs 719 per sq.ft, which increased to Rs 806 per sq.ft in 2003, marking a change of +12%. The value continued to rise, reaching Rs 1,000 per sq.ft in 2007, which was a +24% increase. By 2012, the value was Rs 1,500 per sq.ft, reflecting a +50% change from the previous revision. However, it decreased to Rs 1,005 per sq.ft in 2017, a -33% change. The value then rose significantly to Rs 1,500 per sq.ft in 2023, and most recently, it increased to Rs 1,650 per sq.ft in 2024, representing a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +129%. There are no figures available for the revisions in years that are not listed in the register for this street.

Guideline values in Ward C

In Ward C, there are 250 streets that carry a 2024 guideline value, ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 25 North Easwaran Kovil Street is above this median.

• Block 25 Muniappan Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 25 Sathi (or) Veerapathira Road: Rs 2,750 per sq.ft (2024)
• Block 25 Sengundhar Street: Rs 1,375 per sq.ft (2024)
• Block 25 Kasiannan Street: Rs 1,100 per sq.ft (2024)
• Block 25 Kannaki Street: Rs 1,100 per sq.ft (2024)
• Block 25 West Easwaran Kovil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 North Easwaran Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. 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 North Easwaran Kovil Street?

The Sub Registrar Office that covers Block 25 North Easwaran Kovil 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 C

The guideline value plays a crucial role during the registration of property transactions in Ward C. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is important to ensure that the sale price is at least equal to the guideline value, as the duty is charged on the higher of the two. This ensures compliance with local regulations and helps in the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Block 25 North Easwaran Kovil Street?

The current guideline value of Block 25 North Easwaran Kovil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 719 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, showing an overall increase of +129% over the years.

What is the stamp duty for property in Block 25 North Easwaran Kovil Street?

The stamp duty for property in Block 25 North Easwaran Kovil Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The Erode Joint I Sub Registrar Office covers Block 25 North Easwaran Kovil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What are the guideline values of other streets in Ward C?

Other streets in Ward C have varying guideline values. For example, Block 25 Muniappan Kovil Street is Rs 1,375 per sq.ft, while Block 25 Sathi (or) Veerapathira Road is Rs 2,750 per sq.ft.