Guideline Value for Block 29 Agrahara Street

Block 29 Agrahara Street guideline value

The current guideline value of Block 29 Agrahara Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Block 29 Agrahara Street has changed

The guideline value for Block 29 Agrahara Street has seen several revisions over the years. In 2002, the value was Rs 359 per sq.ft, which increased to Rs 403 per sq.ft in 2003, marking a 12% rise. The value then rose significantly to Rs 600 per sq.ft in 2007, reflecting a 49% increase. In 2012, the value was revised to Rs 750 per sq.ft, showing a 25% increase from the previous revision. However, there was a notable decrease to Rs 502 per sq.ft in 2017, which represented a 33% drop. The value then increased to Rs 750 per sq.ft in 2023, followed by a further increase to the current rate of Rs 825 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 130%. There are no figures available for revisions in years other than those listed above.

Guideline values in Ward D

In Ward D, the guideline values for 200 streets under the Erode Joint I SRO range 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 29 Agrahara Street is above this median.

• Block 28 Ward Road: Rs 770 per sq.ft (2024)
• Block 28 Valaiyakara Street: Rs 1,100 per sq.ft (2024)
• Block 28 Thuruva Lane: Rs 825 per sq.ft (2024)
• Block 29 Chokkalingam Street: Rs 825 per sq.ft (2024)
• Block 29 Cutcheri Street: Rs 1,375 per sq.ft (2024)
• Block 29 Kamatchi (Kadu) Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 29 Agrahara Street

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. 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 29 Agrahara Street?

The Sub Registrar Office that covers Block 29 Agrahara Street 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 further assistance.

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

The guideline value is a critical factor during property registration in Ward D. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable duties and fees. It is essential to note that the duty is charged on the higher of the guideline value and the sale price, ensuring that the authorities receive the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Block 29 Agrahara Street?

The current guideline value of Block 29 Agrahara Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 359 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 130% over this period.

What is the registration office for Block 29 Agrahara Street?

The registration office for Block 29 Agrahara Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000.

What are the other streets in Ward D with their guideline values?

Other streets in Ward D include Block 28 Ward Road at Rs 770 per sq.ft, Block 28 Valaiyakara Street at Rs 1,100 per sq.ft, Block 28 Thuruva Lane at Rs 825 per sq.ft, Block 29 Chokkalingam Street at Rs 825 per sq.ft, Block 29 Cutcheri Street at Rs 1,375 per sq.ft, and Block 29 Kamatchi (Kadu) Street at Rs 770 per sq.ft.