Guideline Value for Block 28 Theppakulam Street

Block 28 Theppakulam Street guideline value

The current guideline value of Block 28 Theppakulam Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, classified as Residential Class I Type - II.

How the guideline value of Block 28 Theppakulam Street has changed

The guideline value for Block 28 Theppakulam Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 633 per sq.ft. In 2003, it increased to Rs 709 per sq.ft, marking a 12% rise. The next revision in 2007 brought the value to Rs 750 per sq.ft, which was a 6% increase. However, the 2012 revision saw a significant change, dropping the guideline value to Rs 1,500 per sq.ft, a decrease of 100% from the previous value.

In 2017, the guideline value rose again to Rs 1,005 per sq.ft, reflecting a 33% decrease from the 2012 figure. The 2023 revision set the value at Rs 1,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,650 per sq.ft, an increase of 10% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 161%.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 28 Theppakulam Street's 2024 figure above that median.

• Block 28 Seerangan St: Rs 1,100 per sq.ft (2024)
• Block 28 Thillai Nagar: Rs 2,530 per sq.ft (2024)
• Block 28 Thiruvalluvar Huts: Rs 771 per sq.ft (2024)
• Block 29 Brough Road Main Road: Rs 4,400 per sq.ft (2024)
• Block 29 Easwaran Kovil Street: Rs 4,400 per sq.ft (2024)
• Block 29 Kamarajar Street: Rs 2,750 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would amount to Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that the 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 Theppakulam Street?

The Sub Registrar Office that covers Block 28 Theppakulam 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 C

The guideline value plays a crucial role during the registration process of property transactions in Ward C. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of Block 28 Theppakulam Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 633 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 161% over the years.

What is the median guideline value in Ward C?

The median guideline value in Ward C is Rs 1,375 per sq.ft, with Block 28 Theppakulam Street's current value being above this median.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where is the Sub Registrar Office for Block 28 Theppakulam Street located?

The Sub Registrar Office for Block 28 Theppakulam Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, under the Erode Joint I SRO.