Guideline Value for Block 29 Agathi Perumal Kovil Huts

Block 29 Agathi Perumal Kovil Huts guideline value

The current guideline value for Block 29 Agathi Perumal Kovil Huts is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward E village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 29 Agathi Perumal Kovil Huts has changed

The guideline value for Block 29 Agathi Perumal Kovil Huts has seen several revisions over the years. The earliest recorded figure in 2002 was Rs 108 per sq.ft, which increased to Rs 123 per sq.ft in 2003, marking a 14% rise. In 2007, the value further increased to Rs 200 per sq.ft, reflecting a 63% change. By 2012, the guideline value reached Rs 300 per sq.ft, a 50% increase from the previous revision. The 2017 revision saw it rise to Rs 335 per sq.ft, which was a 12% increase. The most significant change occurred between the 2017 and 2023 revisions, where the value jumped to Rs 700 per sq.ft, representing a 109% increase. Finally, the current guideline value is Rs 771 per sq.ft, a 10% increase from 2023.

There are no figures available for the years not mentioned in the revisions, meaning the register has no figure for this street for those years. Overall, from 2002 to 2024, the guideline value has increased by 614%.

Guideline values in Ward E

In Ward E, there are a total of 196 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, indicating that the 2024 figure for Block 29 Agathi Perumal Kovil Huts is below this median.

• Block 29 Alamarathu Huts: Rs 771 per sq.ft (2024)
• Block 28 Sathankaruku (or) Shanthikaruku 1 2 3: Rs 771 per sq.ft (2024)
• Block 29 L.G.G.S Colony: Rs 771 per sq.ft (2024)
• Block 28 Railway Station Road: Rs 771 per sq.ft (2024)
• Block 28 Railway Colony Road: Rs 1,100 per sq.ft (2024)
• Block 28 Poondhurai Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 29 Agathi Perumal Kovil Huts

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, making a total of Rs 69,390. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block 29 Agathi Perumal Kovil Huts?

The Sub Registrar Office that covers Block 29 Agathi Perumal Kovil Huts 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 E

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers should be aware that the guideline value is used as a reference point for calculating these fees.

When registering a property, the guideline value or the sale price, whichever is higher, is considered for the calculation of stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 29 Agathi Perumal Kovil Huts?

The current guideline value for Block 29 Agathi Perumal Kovil Huts is Rs 771 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 108 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, which is an overall increase of 614%.

What is the classification of land for Block 29 Agathi Perumal Kovil Huts?

Block 29 Agathi Perumal Kovil Huts is classified as Residential Class III Type - I.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 69,390, based on a guideline value of Rs 7,71,000.

Which office handles registrations for properties in Block 29 Agathi Perumal Kovil Huts?

The Erode Joint I Sub Registrar Office handles registrations for properties in Block 29 Agathi Perumal Kovil Huts, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.