Guideline Value for Block 28 Edaiyan Thottam

Block 28 Edaiyan Thottam guideline value

The current guideline value of Block 28 Edaiyan Thottam is Rs 1,375 per sq.ft, effective from 1 July 2024. This property is located in Ward C village, under the Erode Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Block 28 Edaiyan Thottam has changed

The guideline value for Block 28 Edaiyan Thottam has seen several revisions over the years. The register shows a value of Rs 388 per sq.ft in 2002, which increased to Rs 435 per sq.ft in 2003, marking a change of +12%. By 2007, the value rose to Rs 500 per sq.ft, a +15% increase. The value then jumped significantly to Rs 1,250 per sq.ft in 2012, reflecting a +150% change. However, it decreased to Rs 837 per sq.ft in 2017, showing a decline of -33%.

In 2023, the value increased to Rs 1,250 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,375 per sq.ft, representing a +10% change. Overall, from 2002 to 2024, the guideline value has increased by +254%. There are no figures available for revisions other than those listed.

Guideline values in Ward C

In Ward C, the guideline values range from Rs 770 to Rs 7,700 per sq.ft, with the median value being Rs 1,375 per sq.ft. The guideline value for Block 28 Edaiyan Thottam matches this median figure.

• Block 28 Brough Road Main Road Part 1: Rs 4,400 per sq.ft (2024)
• Block 28 Bharathiar Street: Rs 1,100 per sq.ft (2024)
• Block 27 Thillai Nagar: Rs 2,530 per sq.ft (2024)
• Block 28 Seerangan St: Rs 1,100 per sq.ft (2024)
• Block 28 Theppakulam Street: Rs 1,650 per sq.ft (2024)
• Block 27 Municipal Street 1 to 2: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 28 Edaiyan Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value would be Rs 13,75,000. The stamp duty at 7% would amount to Rs 96,250, and the registration fee at 2% would be Rs 27,500, totaling Rs 1,23,750. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 28 Edaiyan Thottam?

The Sub Registrar Office that covers Block 28 Edaiyan Thottam 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 C

The guideline value is a crucial factor during the registration of property transactions in Ward C. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 28 Edaiyan Thottam?

The current guideline value for Block 28 Edaiyan Thottam is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 388 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, showing an overall increase of +254% across various revisions.

What is the classification of land in Block 28 Edaiyan Thottam?

Block 28 Edaiyan Thottam is classified as Residential Class I Type - III under the current guideline value register.

Where can I find the registration office for Block 28 Edaiyan Thottam?

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

How is stamp duty calculated for properties in Block 28 Edaiyan Thottam?

Stamp duty is calculated based on the higher of the guideline value and the sale price of the property. For example, for a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250 at a rate of 7%.