Guideline Value for Block 26 E.V.Nanjappa Street

Block 26 E.V.Nanjappa Street guideline value

The current guideline value for Block 26 E.V.Nanjappa Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Block 26 E.V.Nanjappa Street has changed

Over the years, the guideline value for Block 26 E.V.Nanjappa Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from Rs 670 per sq.ft in the 2017 revision. The value remained at Rs 1,000 per sq.ft until the 2023 revision, which increased it to Rs 1,100 per sq.ft, marking a 10% rise. The 2024 revision has maintained this value, aligning it with the median of Rs 1,100 per sq.ft for Ward B.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Comparing the overall changes from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with the median being Rs 1,100 per sq.ft. Block 26 E.V.Nanjappa Street's 2024 guideline value matches this median.

• Block 26 Giramadai: Rs 770 per sq.ft (2024)
• Block 26 Karuppanasamy Kovil Street: Rs 771 per sq.ft (2024)
• Block 25 S.K.Chenniappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Block 25 Santhankarukku Street: Rs 771 per sq.ft (2024)
• Block 26 Santhankarukku Street: Rs 771 per sq.ft (2024)
• Block 26 S.K.Chenniappa Gounder Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 26 E.V.Nanjappa Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block 26 E.V.Nanjappa Street?

The Sub Registrar Office covering Block 26 E.V.Nanjappa Street 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 B

The guideline value is a crucial factor in the registration process when buying or selling property in Ward B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate taxes are collected based on the established rates.

Frequently asked questions

What is the current guideline value for Block 26 E.V.Nanjappa Street?

The current guideline value for Block 26 E.V.Nanjappa Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase. It was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012, showing significant changes over the years.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. The duty is charged on the higher of the guideline value or the sale price.

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

The Sub Registrar Office for Block 26 E.V.Nanjappa Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the guideline value determined for properties in Ward B?

The guideline value is determined by the Registration Department and is based on various factors, including previous revisions and the classification of the land. Each street in Ward B has its own guideline value, which is updated periodically.