Guideline Value for Block 27 Radhakrishna Street

Block 27 Radhakrishna Street guideline value

The current guideline value for Block 27 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 is classified as Residential Class III Type - I.

How the guideline value of Block 27 Radhakrishna Street has changed

The guideline value for Block 27 Radhakrishna Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 700 per sq.ft in the 2023 revision, and then rose again to the current rate of Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, from 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 109%. Overall, from 2012 to 2024, the guideline value has increased by 54%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 798 per sq.ft, placing Block 27 Radhakrishna Street's 2024 figure below that median.

• Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2: Rs 771 per sq.ft (2024)
• Block 27 Valaiyakara Street: Rs 771 per sq.ft (2024)
• Block 27 V.V.C.R. Murugesa Mudhaliar Nagar: Rs 771 per sq.ft (2024)
• Block 27 Kuppipalam Road: Rs 771 per sq.ft (2024)
• Block 28 Agrahara Street: Rs 1,100 per sq.ft (2024)
• Block 28 Chokkalingam Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 27 Radhakrishna Street

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

Which Sub Registrar Office covers Block 27 Radhakrishna Street?

The Sub Registrar Office that covers Block 27 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Block 27 Radhakrishna Street?

The current guideline value of Block 27 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 335 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the classification of land for Block 27 Radhakrishna Street?

Block 27 Radhakrishna Street is classified as Residential Class III Type - I.

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

The Sub Registrar Office for Block 27 Radhakrishna Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 7,70,000, leading to a stamp duty of Rs 53,900.