Guideline Value for Block 25 Old Railway Station Road

Block 25 Old Railway Station Road guideline value

The current guideline value for Block 25 Old Railway Station Road is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward E village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 25 Old Railway Station Road has changed

The guideline value for Block 25 Old Railway Station Road has undergone several revisions since 2003. The 2003 revision set the value at Rs 250 per sq.ft, which increased to Rs 350 per sq.ft in 2007, followed by a rise to Rs 400 per sq.ft in 2012. The 2017 revision saw a significant increase to Rs 335 per sq.ft, and by 2023, it had risen to Rs 700 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 771 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, there were notable changes: from 2003 to 2007, the value increased by 40%; however, it decreased by 16% from 2012 to 2017. The jump from 2017 to 2023 was substantial at 109%. Overall, from 2003 to 2024, the guideline value has increased by 208%. It is important to note that the register has no figure for this street in 2002.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 25 Old Railway Station Road is below this median.

• Block 25 Pattakarar Street: Rs 1,100 per sq.ft (2024)
• Block 25 Municipal Lane Huts: Rs 771 per sq.ft (2024)
• Block 25 Poondhurai Road: Rs 1,650 per sq.ft (2024)
• Block 25 Mosikeeranar Street: Rs 771 per sq.ft (2024)
• Block 25 Manickam Theatre Road: Rs 1,925 per sq.ft (2024)
• Block 25 Shek Dhavudh Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Old Railway Station Road

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total fees to Rs 69,390. It is important to note that 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 25 Old Railway Station Road?

The Sub Registrar Office that covers Block 25 Old Railway Station Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the 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 when registering property transactions in Ward E. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buyers or sellers engage in a transaction, the property must be registered at the Sub Registrar Office, where the guideline value is used to determine the applicable fees. This process helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value for Block 25 Old Railway Station Road?

The current guideline value for Block 25 Old Railway Station Road is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2003 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 208% over this period.

What is the land classification for Block 25 Old Railway Station Road?

Block 25 Old Railway Station Road is classified as Residential Class III Type - I under the Erode Joint I SRO.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 7,71,000. The stamp duty is Rs 53,970, and the registration fee is Rs 15,420, totaling Rs 69,390.

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

The Sub Registrar Office for Block 25 Old Railway Station Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.