Guideline Value for Block 26 Valaiyakara Street

Block 26 Valaiyakara Street guideline value

The current guideline value for Block 26 Valaiyakara Street is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, classified as Residential Class II Type - III.

How the guideline value of Block 26 Valaiyakara Street has changed

The guideline value for Block 26 Valaiyakara Street has undergone several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. This was a decline of 33%. Following this, the value saw a significant increase to Rs 700 per sq.ft in 2023, marking a rise of 74%. The most recent revision in 2024 has increased the guideline value to Rs 771 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 29%.

Guideline values in Ward D

In Ward D, there are around 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 in this area is Rs 798 per sq.ft, placing Block 26 Valaiyakara Street's 2024 figure below this median.

• Block 26 V.V.C.R. Murugesa Mudhaliar Nagar: Rs 771 per sq.ft (2024)
• Block 26 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2: Rs 771 per sq.ft (2024)
• Block 26 Radhakrishna Street: Rs 770 per sq.ft (2024)
• Block 27 Kuppipalam Road: Rs 771 per sq.ft (2024)
• Block 26 Kuppipalam Road: Rs 771 per sq.ft (2024)
• Block 26 Kamatchi Kadu: Rs 770 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, while the registration fee at 2% would be Rs 15,420. Together, these fees would total Rs 69,390. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 26 Valaiyakara Street?

The Sub Registrar Office that covers Block 26 Valaiyakara 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 in the registration of property transactions in Ward D. It serves as a reference point for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

When a property is bought or sold, the guideline value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions, and it helps maintain transparency in the real estate market.

Frequently asked questions

What is the current guideline value for Block 26 Valaiyakara Street?

The current guideline value for Block 26 Valaiyakara Street is Rs 771 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 771 per sq.ft in 2024, which is an overall increase of 29%. The most significant change occurred between 2017 and 2023, where it increased by 74%.

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

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970 and the registration fee would be Rs 15,420, totaling Rs 69,390. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Block 26 Valaiyakara Street?

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

What is the land classification for Block 26 Valaiyakara Street?

Block 26 Valaiyakara Street is classified as Residential Class II Type - III, indicating its designation for residential use within the area.