Guideline Value for Block 26 Jayaram Sandhu

Block 26 Jayaram Sandhu guideline value

The current guideline value for Block 26 Jayaram Sandhu is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 26 Jayaram Sandhu has changed

Over the years, the guideline value for Block 26 Jayaram Sandhu has seen significant changes. The 2003 revision recorded a value of Rs 275 per sq.ft, which increased to Rs 350 per sq.ft in 2007. Following this, the 2012 revision saw a decrease to Rs 500 per sq.ft, before dropping further to Rs 335 per sq.ft in 2017. The value then surged to Rs 700 per sq.ft in 2023, and most recently, it has risen to Rs 770 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 180%. It is important to note that the register has no figure for this street in 2002, indicating that the values have changed considerably over the years.

Guideline values in Ward D

In Ward D, the guideline values for various streets vary significantly. The 2024 figures range from Rs 770 to Rs 7,700 per sq.ft, with a median of Rs 798 per sq.ft. The guideline value for Block 26 Jayaram Sandhu is below this median.

• Block 26 Iyannarappan Street: Rs 1,100 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 Jayaram Sandhu

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total cost for these fees would be Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 26 Jayaram Sandhu?

The Sub Registrar Office that covers Block 26 Jayaram Sandhu 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 D

The guideline value is a crucial factor during the registration process when buying or selling property in Ward D. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When a property is registered, the guideline value helps determine the official value of the property, which is used to calculate the necessary fees. This process ensures transparency and compliance with local regulations, making it essential for both buyers and sellers to be aware of the current guideline values.

Frequently asked questions

What is the current guideline value of Block 26 Jayaram Sandhu?

The current guideline value of Block 26 Jayaram Sandhu is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 275 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, marking an overall increase of 180% over this period.

What is the median guideline value in Ward D?

The median guideline value in Ward D is Rs 798 per sq.ft, with Block 26 Jayaram Sandhu's current value being below this median.

What fees are associated with buying property in Block 26 Jayaram Sandhu?

When buying property in Block 26 Jayaram Sandhu, the fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

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