Guideline Value for Block 27 Edaiyan Thottam Vasuki Street

Block 27 Edaiyan Thottam Vasuki Street guideline value

The current guideline value of Block 27 Edaiyan Thottam Vasuki Street is Rs 1,925 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Block 27 Edaiyan Thottam Vasuki Street has changed

The guideline value for Block 27 Edaiyan Thottam Vasuki Street has undergone several revisions over the years. In 2002, the guideline value was Rs 388 per sq.ft. This increased to Rs 435 per sq.ft in 2003, marking a rise of 12%. The value continued to rise, reaching Rs 750 per sq.ft in 2007, which was a significant increase of 72%. The value then saw a substantial jump to Rs 1,750 per sq.ft in 2012, reflecting an increase of 133%. However, it decreased to Rs 1,172 per sq.ft in 2017, a decline of 33%. The value then rose again to Rs 1,750 per sq.ft in 2023, followed by a further increase to the current value of Rs 1,925 per sq.ft in 2024, which represents a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 396%. There are no figures available for the revisions of the years not mentioned in the register for this street.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 27 Edaiyan Thottam Vasuki Street is above this median.

• Block 27 Kasiannan Street: Rs 1,100 per sq.ft (2024)
• Block 27 Municipal Street 1 to 2: Rs 1,375 per sq.ft (2024)
• Block 26 Muniappan Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 26 Kasiannan Street: Rs 1,100 per sq.ft (2024)
• Block 27 Thillai Nagar: Rs 2,530 per sq.ft (2024)
• Block 26 Akilmedu Street Part 2: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 27 Edaiyan Thottam Vasuki Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total guideline value would be Rs 19,25,000. The stamp duty at 7% would be Rs 1,34,750, and the registration fee at 2% would be Rs 38,500, together amounting to Rs 1,73,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 27 Edaiyan Thottam Vasuki Street?

The Erode Joint I Sub Registrar Office covers Block 27 Edaiyan Thottam Vasuki Street. The office is 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 C

The guideline value is an important factor during the registration of property in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property transaction takes place, the guideline value is used to calculate the applicable charges. Buyers and sellers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, ensuring that the appropriate fees are collected based on the property's value.

Frequently asked questions

What is the current guideline value of Block 27 Edaiyan Thottam Vasuki Street?

The current guideline value of Block 27 Edaiyan Thottam Vasuki Street is Rs 1,925 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 388 per sq.ft in 2002 to Rs 1,925 per sq.ft in 2024, which is an overall increase of 396% over the years.

What is the land classification for Block 27 Edaiyan Thottam Vasuki Street?

Block 27 Edaiyan Thottam Vasuki Street is classified under Residential Class I Type - I land classification.

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

The Erode Joint I Sub Registrar Office, which covers Block 27 Edaiyan Thottam Vasuki Street, is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 19,25,000, the stamp duty would be Rs 1,34,750 at a rate of 7%.