Guideline Value for Block 29 Easwaran Kovil Street

Block 29 Easwaran Kovil Street guideline value

The current guideline value for Block 29 Easwaran Kovil Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO and is classified as Commercial Class I Type - I.

How the guideline value of Block 29 Easwaran Kovil Street has changed

The guideline value for Block 29 Easwaran Kovil Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,197 per sq.ft, which increased to Rs 1,341 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 2,000 per sq.ft in 2007, a 49% increase from the previous revision. By 2012, the value was Rs 4,000 per sq.ft, reflecting a significant 100% increase from 2007. However, it decreased by 33% to Rs 2,680 per sq.ft in 2017. The value then increased to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, which is a 10% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 268%. There are no figures available for the revisions in the years not listed above for this street.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value 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, placing Block 29 Easwaran Kovil Street's 2024 value above the median.

• Block 29 Kamarajar Street: Rs 2,750 per sq.ft (2024)
• Block 29 Kothukara Nalla Street: Rs 825 per sq.ft (2024)
• Block 29 Brough Road Main Road: Rs 4,400 per sq.ft (2024)
• Block 28 Thiruvalluvar Huts: Rs 771 per sq.ft (2024)
• Block 28 Thillai Nagar: Rs 2,530 per sq.ft (2024)
• Block 28 Theppakulam Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 29 Easwaran Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 29 Easwaran Kovil Street?

The Sub Registrar Office that covers Block 29 Easwaran Kovil 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 of property transactions in Ward C. It is used to calculate the stamp duty and registration fees that buyers must pay, ensuring that these costs are based on the officially recognized value of the property.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the total costs involved in the transaction. Buyers should ensure they are informed about the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Block 29 Easwaran Kovil Street?

The current guideline value for Block 29 Easwaran Kovil Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,197 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 268% over the years.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for Block 29 Easwaran Kovil Street?

The Erode Joint I Sub Registrar Office handles the registration for Block 29 Easwaran Kovil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is updated periodically to reflect changes in the market and property values.