Guideline Value for Block 25 Sathi (or) Veerapathira Road

Block 25 Sathi (or) Veerapathira Road guideline value

The current guideline value for Block 25 Sathi (or) Veerapathira Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Ward C village under the Erode Joint I SRO, classified as Commercial Class I Type - III.

How the guideline value of Block 25 Sathi (or) Veerapathira Road has changed

The guideline value for Block 25 Sathi (or) Veerapathira Road has seen several revisions over the years. The earliest figure available is from 2002, which was Rs 1,105 per sq.ft. This value increased to Rs 1,238 per sq.ft in 2003, marking a change of +12%. The value continued to rise, reaching Rs 1,500 per sq.ft in 2007, an increase of +21%. The next revision in 2012 saw a decrease to Rs 2,500 per sq.ft, a drop of -33%. In 2017, the figure rose again to Rs 1,675 per sq.ft, reflecting a +67% change. The 2023 revision set the value at Rs 2,500 per sq.ft, and finally, the current 2024 revision has increased it to Rs 2,750 per sq.ft, a change of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +149%. It is important to note that the register has no figures for the years not mentioned above.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 25 Sathi (or) Veerapathira Road above this median.

• Block 25 Sengundhar Street: Rs 1,375 per sq.ft (2024)
• Block 25 North Easwaran Kovil Street: Rs 1,650 per sq.ft (2024)
• Block 25 Muniappan Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 25 West Easwaran Kovil Street: Rs 1,650 per sq.ft (2024)
• Block 25 West Perumal Kovil Street: Rs 1,650 per sq.ft (2024)
• Block 26 Akilmedu Street Part 2: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Sathi (or) Veerapathira Road

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 further calculations.

Which Sub Registrar Office covers Block 25 Sathi (or) Veerapathira Road?

The Sub Registrar Office that covers Block 25 Sathi (or) Veerapathira 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 C

The guideline value is an essential factor in property transactions in Ward C. It determines the minimum value at which a property can be registered, ensuring that the stamp duty and registration fees are calculated accurately based on this value.

When buying or selling property, it is crucial to be aware of the current guideline value as it impacts the overall cost of the transaction. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value for Block 25 Sathi (or) Veerapathira Road?

The current guideline value for Block 25 Sathi (or) Veerapathira Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,105 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of +149% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles the registration for this property?

The Erode Joint I Sub Registrar Office handles the registration for properties in Block 25 Sathi (or) Veerapathira Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is revised periodically to reflect changes in the real estate market.