Guideline Value for Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2

Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2 guideline value

The current guideline value for Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2 is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward D under the Erode Joint I SRO, classified as Residential Class II Type - III.

How the guideline value of Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2 has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which changed to Rs 402 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 700 per sq.ft, marking a rise of 74%. The most recent revision in 2024 has further increased the guideline value to Rs 771 per sq.ft, a change of 10% from the previous year.

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

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, with a median of Rs 798 per sq.ft. The guideline value for Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2 is below this median.

• Block 27 Radhakrishna Street: Rs 770 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 28 Agrahara Street: Rs 1,100 per sq.ft (2024)
• Block 27 Kuppipalam Road: Rs 771 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 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total to Rs 69,390. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2?

The Sub Registrar Office that covers Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2 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 is a crucial factor in property transactions in Ward D, as it determines the amount of stamp duty and registration fees payable. When a property is sold, the guideline value is used to calculate these fees, ensuring that they are based on an official valuation rather than the sale price.

It is essential for buyers and sellers to be aware of the guideline value, as it can significantly impact the overall cost of the transaction. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2?

The current guideline value for Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2 is Rs 771 per sq.ft, effective from 1 July 2024.

How 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, reflecting an overall increase of 29%. It also saw a significant rise from Rs 402 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification for this property?

The land classification for Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2 is Residential Class II Type - III.

Which Sub Registrar Office covers this area?

The Erode Joint I Sub Registrar Office covers Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970 at 7%, along with a registration fee of Rs 15,420 at 2%.