Guideline Value for Block 26 Radhakrishna Street

Block 26 Radhakrishna Street guideline value

The current guideline value of Block 26 Radhakrishna Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Block 26 Radhakrishna Street has changed

Since the 2012 revision, the guideline value has seen several changes. In 2012, the guideline value was Rs 500 per sq.ft. This figure decreased to Rs 335 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 109%, bringing the value up to Rs 700 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 770 per sq.ft, which is a rise of 10% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 54%.

Guideline values in Ward D

In Ward D, there are approximately 200 streets under the Erode Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 798 per sq.ft, indicating that Block 26 Radhakrishna Street's 2024 figure is below the median.

• Block 26 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2: Rs 771 per sq.ft (2024)
• Block 26 Kuppipalam Road: Rs 771 per sq.ft (2024)
• Block 26 Valaiyakara Street: Rs 771 per sq.ft (2024)
• Block 26 V.V.C.R. Murugesa Mudhaliar Nagar: Rs 771 per sq.ft (2024)
• Block 26 Kamatchi Kadu: Rs 770 per sq.ft (2024)
• Block 26 Jayaram Sandhu: Rs 770 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,70,000. The stamp duty is charged at 7%, which totals Rs 53,900, and the registration fee is 2%, amounting to Rs 15,400. Together, the total cost for stamp duty and registration fee would be Rs 69,300. It is important to 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 26 Radhakrishna Street?

The Sub Registrar Office that covers Block 26 Radhakrishna 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 D

The guideline value plays a crucial role in the registration process when buying or selling property in Ward D. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the registration process is fair and transparent, reflecting the true value of the property being transacted.

Frequently asked questions

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

The current guideline value of Block 26 Radhakrishna Street 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 from Rs 500 per sq.ft in 2012 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 54% over this period.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Block 26 Radhakrishna Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Block 26 Radhakrishna Street?

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

What is the median guideline value in Ward D?

The median guideline value in Ward D is Rs 798 per sq.ft, which indicates that Block 26 Radhakrishna Street's value is below this median.