Guideline Value for Block 29 NedunSeralarathan Theru

Block 29 NedunSeralarathan Theru guideline value

The current guideline value of Block 29 NedunSeralarathan Theru is Rs 825 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO, classified as Residential Class II Type - II.

How the guideline value of Block 29 NedunSeralarathan Theru has changed

The guideline value for Block 29 NedunSeralarathan Theru has seen several revisions over the years. The earliest figure available is from 2003, which was Rs 389 per sq.ft. This increased to Rs 600 per sq.ft in 2007, followed by Rs 750 per sq.ft in 2012. The value then decreased to Rs 502 per sq.ft in 2017. The most recent figures show a rise to Rs 750 per sq.ft in 2023 and an increase to Rs 825 per sq.ft in 2024. It is important to note that the register has no figure for this street in 2002.

In terms of percentage changes, from 2003 to 2007, the guideline value increased by 54%. However, from 2012 to 2017, there was a decline of 33%. The value then rose by 49% from 2017 to 2023 and further increased by 10% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 112%.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 7,700 per sq.ft. The median value is Rs 798 per sq.ft, placing Block 29 NedunSeralarathan Theru's 2024 figure above this median.

• Block 29 Kamatchi (Kadu) Street: Rs 770 per sq.ft (2024)
• Block 29 Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)
• Block 29 Sundara Moorthy Road: Rs 825 per sq.ft (2024)
• Block 29 Cutcheri Street: Rs 1,375 per sq.ft (2024)
• Block 2 Annanagar 1st Street: Rs 771 per sq.ft (2024)
• Block 29 Chokkalingam Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 29 NedunSeralarathan Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost to Rs 74,250. It is essential 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 detailed calculations.

Which Sub Registrar Office covers Block 29 NedunSeralarathan Theru?

The Sub Registrar Office that covers Block 29 NedunSeralarathan Theru is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Ward D. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives a fair amount based on the property's assessed value.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are accurately recorded and taxed appropriately.

Frequently asked questions

What is the current guideline value for Block 29 NedunSeralarathan Theru?

The current guideline value for Block 29 NedunSeralarathan Theru 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 389 per sq.ft in 2003 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 112% over the years.

What is the land classification for Block 29 NedunSeralarathan Theru?

Block 29 NedunSeralarathan Theru is classified as Residential Class II Type - II.

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

For a 1,000 sq.ft plot, the stamp duty is Rs 57,750 and the registration fee is Rs 16,500, totaling Rs 74,250 based on the current guideline value.

Which office handles registrations for this area?

The Erode Joint I Sub Registrar Office handles registrations for Block 29 NedunSeralarathan Theru, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.