Guideline Value for Block 25 Ramasamy Street OR Agasthiyar Street 1,2

Block 25 Ramasamy Street OR Agasthiyar Street 1,2 guideline value

The current guideline value for Block 25 Ramasamy Street OR Agasthiyar Street 1,2 is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward D under the Erode Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Block 25 Ramasamy Street OR Agasthiyar Street 1,2 has changed

The guideline value for this street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 350 per sq.ft. This increased to Rs 600 per sq.ft in 2012, marking a 71% rise. However, it then dropped to Rs 402 per sq.ft in 2017, reflecting a decrease of 33%. The value further increased significantly to Rs 700 per sq.ft in 2023, which was a 74% increase from the 2017 figure. The most recent revision in 2024 has set the guideline value at Rs 771 per sq.ft, a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Ward D

In Ward D, the guideline values range from Rs 770 to Rs 7,700 per sq.ft based on the 2024 revision, with a median value of Rs 798 per sq.ft. The guideline value for Block 25 Ramasamy Street OR Agasthiyar Street 1,2 is below this median.

• Block 25 Mosikeeranar Street 1 2 3 4 5: Rs 825 per sq.ft (2024)
• Block 25 Venkata Perumal Street: Rs 825 per sq.ft (2024)
• Block 25 Meera Moydhin Street: Rs 825 per sq.ft (2024)
• Block 25 V.V.C.R. Lay-out 1 2 3: Rs 771 per sq.ft (2024)
• Block 25 Madhava Krishna Street: Rs 1,100 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 Ramasamy Street OR Agasthiyar Street 1,2

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 69,390. 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 Ramasamy Street OR Agasthiyar Street 1,2?

The Sub Registrar Office that covers Block 25 Ramasamy Street OR Agasthiyar 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 further assistance.

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

The guideline value is a crucial factor during property registration in Ward D. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When buying or selling a property, the guideline value ensures that the transaction is recorded at a fair value as per the government regulations. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value for Block 25 Ramasamy Street OR Agasthiyar Street 1,2?

The current guideline value for Block 25 Ramasamy Street OR Agasthiyar Street 1,2 is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 350 per sq.ft in 2007 to Rs 771 per sq.ft in 2024, representing a total increase of 120% over the years.

What is the stamp duty for property in this area?

The stamp duty for property in Block 25 Ramasamy Street OR Agasthiyar Street 1,2 is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registration for this street?

The Erode Joint I Sub Registrar Office handles property registration for Block 25 Ramasamy Street OR Agasthiyar Street 1,2, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for this street?

Block 25 Ramasamy Street OR Agasthiyar Street 1,2 is classified as Residential Class II Type - III.