Guideline Value for Block 28 Jayaram Lane

Block 28 Jayaram Lane guideline value

The current guideline value for Block 28 Jayaram Lane is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 28 Jayaram Lane has changed

The guideline value for Block 28 Jayaram Lane has undergone several revisions over the years. In 2002, the value was Rs 244 per sq.ft, which increased to Rs 275 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 350 per sq.ft in 2007, reflecting an increase of +27%. Following this, in 2012, the value decreased to Rs 500 per sq.ft, a change of -33%. The next revision in 2017 saw a significant increase to Rs 335 per sq.ft, which was a +109% change. The value further increased to Rs 700 per sq.ft in 2023, before reaching the current rate of Rs 770 per sq.ft in 2024, representing a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +216%. The register has no figures for the years between these revisions 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 28 Jayaram Lane is below this median.

• Block 28 Kamatchikadu (Street): Rs 770 per sq.ft (2024)
• Block 28 Kuppipalayam Road: Rs 771 per sq.ft (2024)
• Block 28 Chokkalingam Road: Rs 1,100 per sq.ft (2024)
• Block 28 Agrahara Street: Rs 1,100 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Block 28 Jayaram Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. 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 information.

Which Sub Registrar Office covers Block 28 Jayaram Lane?

The Sub Registrar Office covering Block 28 Jayaram Lane 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 critical factor in the registration process of property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the necessary fees, ensuring compliance with local regulations. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 28 Jayaram Lane?

The current guideline value for Block 28 Jayaram Lane is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 244 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of +216% over the years.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 7,70,000, with a stamp duty of Rs 53,900 and a registration fee of Rs 15,400, totaling Rs 69,300.

Which office handles the registration for Block 28 Jayaram Lane?

The registration for Block 28 Jayaram Lane is handled by the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of the current guideline value to ensure accurate fee calculations.