Guideline Value for Block 27 Railway Colony Road

Block 27 Railway Colony Road guideline value

The current guideline value of Block 27 Railway Colony Road is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward E village and falls under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 27 Railway Colony Road has changed

Since the 2002 revision, the guideline value for Block 27 Railway Colony Road has seen significant changes. In 2002, the value was Rs 221 per sq.ft, which increased to Rs 250 per sq.ft in 2003. The value continued to rise, reaching Rs 350 per sq.ft in 2007, followed by Rs 400 per sq.ft in 2012. However, it dropped to Rs 335 per sq.ft in 2017. The value then saw a substantial increase to Rs 700 per sq.ft in 2023, and currently stands at Rs 771 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 249%. Notably, there are no figures available for the revisions of this street in the years not mentioned in the register.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value of Block 27 Railway Colony Road is below this median.

• Block 27 Poondhurai Road: Rs 1,100 per sq.ft (2024)
• Block 27 Periyar Nagar: Rs 2,200 per sq.ft (2024)
• Block 28 Agathi Perumal Kovil Huts: Rs 771 per sq.ft (2024)
• Block 27 Mettur Road (or) E.V. Nanjappa Road: Rs 1,650 per sq.ft (2024)
• Block 28 Gramadai Street 1 to 5: Rs 771 per sq.ft (2024)
• Block 26 Sathankaruku 1 2 3: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 27 Railway Colony Road

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, totaling Rs 69,390. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 27 Railway Colony Road?

The Sub Registrar Office that covers Block 27 Railway Colony Road 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 further assistance.

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

The guideline value is a crucial factor when registering property in Ward E. It determines the minimum value at which property transactions are recorded, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It ensures transparency in property transactions and helps in assessing the financial implications of the sale.

Frequently asked questions

What is the current guideline value of Block 27 Railway Colony Road?

The current guideline value of Block 27 Railway Colony Road is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 221 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of 249% over the years.

What is the registration office for Block 27 Railway Colony Road?

The registration office for Block 27 Railway Colony Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the stamp duty rate for properties in Block 27 Railway Colony Road?

The stamp duty rate for properties in Block 27 Railway Colony Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.