Guideline Value for Block 25 West Easwaran Kovil Street

Block 25 West Easwaran Kovil Street guideline value

The current guideline value for Block 25 West 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 is classified as Residential Class I Type - II.

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

The guideline value for Block 25 West Easwaran Kovil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 719 per sq.ft, which increased to Rs 806 per sq.ft in 2003, marking a 12% rise. The value then continued to rise, reaching Rs 1,000 per sq.ft in 2007, which was a 24% increase from the previous figure. By 2012, the value remained at Rs 1,500 per sq.ft, showing no change in the register for that year.

In 2017, the guideline value increased significantly to Rs 1,005 per sq.ft, followed by a notable rise to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 129%.

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 guideline value in this ward is Rs 1,375 per sq.ft, placing Block 25 West Easwaran Kovil Street above this median.

• 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)
• Block 25 Sengundhar Street: Rs 1,375 per sq.ft (2024)
• Block 25 Sathi (or) Veerapathira Road: Rs 2,750 per sq.ft (2024)
• Block 26 Kasiannan Street: Rs 1,100 per sq.ft (2024)
• Block 26 Muniappan Kovil Street: Rs 1,375 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total 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, bringing the total fees to Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 25 West Easwaran Kovil Street?

The Sub Registrar Office that covers Block 25 West 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 details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ward C. It is used to calculate the stamp duty and registration fees, which are mandatory at the time of property registration.

When a property is sold, the guideline value serves as a benchmark for determining the applicable duties. Buyers and sellers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 25 West Easwaran Kovil Street?

The current guideline value for Block 25 West 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, reflecting an overall increase of 129% over the years.

What are the other streets in Ward C with their guideline values?

Other streets in Ward C include Block 25 West Perumal Kovil Street and Block 26 Akilmedu Street Part 2, both valued at Rs 1,650 per sq.ft in 2024, among others.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 16,50,000, the total fees would be Rs 1,48,500.

Where is the Sub Registrar Office for Block 25 West Easwaran Kovil Street located?

The Sub Registrar Office for Block 25 West Easwaran Kovil Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.