Guideline Value for Block 28 Thiruvalluvar Huts

Block 28 Thiruvalluvar Huts guideline value

The current guideline value of Block 28 Thiruvalluvar Huts is Rs 771 per sq.ft. This property is located in Ward C village, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 28 Thiruvalluvar Huts has changed

The guideline value for Block 28 Thiruvalluvar Huts has seen several revisions over the years. In 2002, the value was Rs 296 per sq.ft, which increased to Rs 332 per sq.ft in 2003, marking a change of +12%. The value continued to rise to Rs 400 per sq.ft in 2007, an increase of +20%. By 2012, the value had risen to Rs 500 per sq.ft, reflecting a +25% change. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, a decline of -33%. This was followed by a significant increase to Rs 700 per sq.ft in 2023, a change of +109%. The most recent revision in 2024 set the guideline value at Rs 771 per sq.ft, an increase of +10% from the previous year.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by +160%.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, which indicates that the 2024 figure for Block 28 Thiruvalluvar Huts is below the median.

• Block 28 Thillai Nagar: Rs 2,530 per sq.ft (2024)
• Block 28 Theppakulam Street: Rs 1,650 per sq.ft (2024)
• Block 28 Seerangan St: Rs 1,100 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 Thiruvalluvar Huts

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. Together, the total cost for stamp duty and registration would be Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 28 Thiruvalluvar Huts?

The Sub Registrar Office covering Block 28 Thiruvalluvar Huts 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 details.

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

The guideline value is a crucial factor in the registration of property transactions in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Block 28 Thiruvalluvar Huts?

The current guideline value of Block 28 Thiruvalluvar Huts 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 296 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, representing an overall increase of +160% over the years.

What is the registration office for Block 28 Thiruvalluvar Huts?

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

How is the stamp duty calculated for properties in Block 28 Thiruvalluvar Huts?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 53,970.

What other streets are in Ward C with guideline values?

Other streets in Ward C include Block 28 Thillai Nagar at Rs 2,530 per sq.ft, Block 28 Theppakulam Street at Rs 1,650 per sq.ft, and Block 29 Brough Road Main Road at Rs 4,400 per sq.ft, among others.