Guideline Value for Block 25 V.V.C.R. Lay-out 1 2 3

Block 25 V.V.C.R. Lay-out 1 2 3 guideline value

The current guideline value for Block 25 V.V.C.R. Lay-out 1 2 3 is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward D village, under the Erode Joint I SRO, and is classified as Residential Class II Type - III.

How the guideline value of Block 25 V.V.C.R. Lay-out 1 2 3 has changed

The guideline value for Block 25 V.V.C.R. Lay-out 1 2 3 has seen several revisions over the years. In 2002, the value was Rs 246 per sq.ft, which increased to Rs 276 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 350 per sq.ft in 2007, an increase of +27%. Following that, it jumped to Rs 600 per sq.ft in 2012, a significant rise of +71%. However, it decreased to Rs 402 per sq.ft in 2017, which was a decline of -33%. The value then increased to Rs 700 per sq.ft in 2023, showing a rise of +74%. Finally, the most recent revision in 2024 set the value at Rs 771 per sq.ft, reflecting a change of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +213%. The register has no figure for this street in the years not mentioned above.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 798 per sq.ft, placing Block 25 V.V.C.R. Lay-out 1 2 3 below the median.

• Block 25 Venkata Perumal Street: Rs 825 per sq.ft (2024)
• Block 26 Balusamy Street: Rs 770 per sq.ft (2024)
• Block 26 Iyannarappan Street: Rs 1,100 per sq.ft (2024)
• Block 26 Jayaram Sandhu: Rs 770 per sq.ft (2024)
• Block 25 Ramasamy Street OR Agasthiyar Street 1,2: Rs 771 per sq.ft (2024)
• Block 26 Kamatchi Kadu: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 V.V.C.R. Lay-out 1 2 3

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, making the total 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 V.V.C.R. Lay-out 1 2 3?

The Sub Registrar Office that covers Block 25 V.V.C.R. Lay-out 1 2 3 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 D

The guideline value is a crucial factor when buying or selling property in Ward D. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records. This value is used to calculate the stamp duty and registration fees applicable during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction. Buyers and sellers should be aware of this value to ensure compliance with local regulations and to facilitate a smooth registration process. It is essential to consult the guideline value before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value for Block 25 V.V.C.R. Lay-out 1 2 3?

The current guideline value for Block 25 V.V.C.R. Lay-out 1 2 3 is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 246 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +213% over the years.

What is the land classification for Block 25 V.V.C.R. Lay-out 1 2 3?

Block 25 V.V.C.R. Lay-out 1 2 3 is classified as Residential Class II Type - III.

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

The Sub Registrar Office for Block 25 V.V.C.R. Lay-out 1 2 3 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000, leading to specific stamp duty and registration fees.