Guideline Value for Block 28 Agrahara Street

Block 28 Agrahara Street guideline value

The current guideline value of Block 28 Agrahara Street is Rs 1,100 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 II Type - I.

How the guideline value of Block 28 Agrahara Street has changed

The guideline value for Block 28 Agrahara Street has undergone several revisions over the years. The 2002 revision set the value at Rs 242 per sq.ft. This increased to Rs 272 per sq.ft in 2003, marking a 12% rise. Following this, the value rose to Rs 350 per sq.ft in 2007, which was a significant increase of 29%. The 2012 revision saw the value remain at Rs 1,000 per sq.ft, reflecting a notable increase of 186% from the previous revision. However, in 2017, the guideline value dropped to Rs 670 per sq.ft, indicating a decrease of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, before reaching the current figure of Rs 1,100 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 355%. The register has no figure for the years not mentioned in the revisions.

Guideline values in Ward D

In Ward D, the guideline values range from Rs 770 to Rs 7,700 per sq.ft as per the 2024 revision, with a median value of Rs 798 per sq.ft. The guideline value for Block 28 Agrahara Street is above this median.

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

Stamp duty and registration fee for property in Block 28 Agrahara Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 28 Agrahara Street?

The Sub Registrar Office that covers Block 28 Agrahara 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 crucial factor in property transactions in Ward D. It is used to determine the stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware that the guideline value can influence the overall cost of the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the applicable fees. It ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being registered.

Frequently asked questions

What is the current guideline value of Block 28 Agrahara Street?

The current guideline value of Block 28 Agrahara Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 242 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing a significant overall increase of 355%.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 99,000 based on the current guideline value.

Which office handles the registration for Block 28 Agrahara Street?

The Erode Joint I Sub Registrar Office handles the registration for Block 28 Agrahara Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 28 Agrahara Street?

Block 28 Agrahara Street is classified as Residential Class II Type - I.