Guideline Value for Block 26 Iyannarappan Street

Block 26 Iyannarappan Street guideline value

The current guideline value of Block 26 Iyannarappan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Block 26 Iyannarappan Street has changed

The guideline value for Block 26 Iyannarappan Street has seen several revisions over the years. In 2003, the guideline value was Rs 407 per sq.ft, which increased to Rs 600 per sq.ft in 2007. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2012, before dropping to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 170%. The register has no figure for this street in 2002.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 798 per sq.ft, placing Block 26 Iyannarappan Street above this median.

• Block 26 Jayaram Sandhu: Rs 770 per sq.ft (2024)
• Block 26 Kamatchi Kadu: Rs 770 per sq.ft (2024)
• Block 26 Balusamy Street: Rs 770 per sq.ft (2024)
• Block 26 Kuppipalam Road: Rs 771 per sq.ft (2024)
• Block 25 V.V.C.R. Lay-out 1 2 3: Rs 771 per sq.ft (2024)
• Block 25 Venkata Perumal Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 26 Iyannarappan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 26 Iyannarappan Street?

The Sub Registrar Office that covers Block 26 Iyannarappan 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 information.

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

The guideline value is a crucial factor when registering property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Block 26 Iyannarappan Street?

The current guideline value of Block 26 Iyannarappan 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 407 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 170% over this period.

What are the guideline values of other streets in Ward D?

Other streets in Ward D have varying guideline values, with rates ranging from Rs 770 to Rs 825 per sq.ft in 2024. Block 26 Iyannarappan Street is above the median value of Rs 798 per sq.ft.

What fees are associated with buying property in Block 26 Iyannarappan Street?

When buying property, buyers should be aware of the stamp duty at 7% and the registration fee at 2% of the guideline value. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.

Where can I find the Sub Registrar Office for Block 26 Iyannarappan Street?

The Sub Registrar Office for Block 26 Iyannarappan Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.