Guideline Value for Block 3 Arumuga Street T.S.50

Block 3 Arumuga Street T.S.50 guideline value

The current guideline value for Block 3 Arumuga Street T.S.50 is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward A village, under the Erode Joint I SRO, and is classified as Residential Class II Type - III.

How the guideline value of Block 3 Arumuga Street T.S.50 has changed

The guideline value for Block 3 Arumuga Street T.S.50 has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 105 per sq.ft. This increased to Rs 126 per sq.ft in 2003, marking a 20% rise. The value then saw a significant increase of 297% to Rs 500 per sq.ft in 2007. Following that, the 2012 revision set the value at Rs 600 per sq.ft, which was a 20% increase from the previous revision. However, in 2017, the value decreased by 33% to Rs 402 per sq.ft. The 2023 revision saw a substantial increase of 74%, bringing the value to Rs 700 per sq.ft. Finally, the current 2024 revision has set the guideline value at Rs 771 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for revisions prior to 2002 or for any other years not listed in the register.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO, with the 2024 guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for the area is Rs 1,375 per sq.ft, indicating that the guideline value for Block 3 Arumuga Street T.S.50 is below this median.

• Block 3 Chinnappa Layout 1 2: Rs 825 per sq.ft (2024)
• Block 3 Chinnappa Layout Huts: Rs 770 per sq.ft (2024)
• Block 3 Krishnampalayam Harijan Colony: Rs 770 per sq.ft (2024)
• Block 3 Pudhumai Colony: Rs 770 per sq.ft (2024)
• Block 3 Samiyappa Street Main Road: Rs 1,100 per sq.ft (2024)
• Block 3 Thirunagar Colony: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Block 3 Arumuga Street T.S.50

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total 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, bringing the total fees to Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 3 Arumuga Street T.S.50?

The Sub Registrar Office that covers Block 3 Arumuga Street T.S.50 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 A

The guideline value is a critical factor in the registration process for property transactions. It serves as a benchmark for calculating the stamp duty and registration fees that are payable when a property is bought or sold in Ward A.

When registering a property, the guideline value is used to determine the official value of the property, ensuring that the appropriate taxes and fees are assessed based on this value. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Block 3 Arumuga Street T.S.50?

The current guideline value for Block 3 Arumuga Street T.S.50 is Rs 771 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 105 per sq.ft to Rs 771 per sq.ft in 2024, reflecting an overall increase of 634% over the years.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Block 3 Arumuga Street T.S.50 is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Block 3 Arumuga Street T.S.50 located?

The Sub Registrar Office for Block 3 Arumuga Street T.S.50 is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone.

What is the median guideline value for streets in Ward A?

The median guideline value for streets in Ward A is Rs 1,375 per sq.ft, which indicates that Block 3 Arumuga Street T.S.50's value is below this median.