Guideline Value for Block 27 Valaiyakara Street

Block 27 Valaiyakara Street guideline value

The current guideline value for Block 27 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 27 Valaiyakara Street has changed

The guideline value of Block 27 Valaiyakara Street has seen several revisions over the years. The 2012 revision set the guideline value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in 2023, and it has now risen to Rs 771 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 29%. The changes between revisions show a 74% increase from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. 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, with a median value of Rs 798 per sq.ft. The guideline value for Block 27 Valaiyakara Street is below this median.

• Block 27 V.V.C.R. Murugesa Mudhaliar Nagar: Rs 771 per sq.ft (2024)
• Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2: Rs 771 per sq.ft (2024)
• Block 28 Agrahara Street: Rs 1,100 per sq.ft (2024)
• Block 27 Radhakrishna Street: Rs 770 per sq.ft (2024)
• Block 28 Chokkalingam Road: Rs 1,100 per sq.ft (2024)
• Block 28 Jayaram Lane: Rs 770 per sq.ft (2024)

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

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 cost for these fees to Rs 69,390. 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 further calculations.

Which Sub Registrar Office covers Block 27 Valaiyakara Street?

The Sub Registrar Office that covers Block 27 Valaiyakara Street 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 more information.

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

The guideline value is a critical factor in property transactions within Ward D, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions comply with legal requirements.

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

Frequently asked questions

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

The current guideline value of Block 27 Valaiyakara Street 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 402 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and currently stands at Rs 771 per sq.ft in 2024.

What are the other streets in Ward D with similar guideline values?

Other streets in Ward D with similar guideline values include Block 27 V.V.C.R. Murugesa Mudhaliar Nagar and Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2, both at Rs 771 per sq.ft in 2024.

What is the stamp duty for property in Block 27 Valaiyakara Street?

The stamp duty for property in Block 27 Valaiyakara Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 53,970.

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

The Sub Registrar Office for Block 27 Valaiyakara Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009. You can find more information through the provided link.