Guideline Value for Block 30 Alagiri Singaiyankar Street

Block 30 Alagiri Singaiyankar Street guideline value

The current guideline value for Block 30 Alagiri Singaiyankar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Block 30 Alagiri Singaiyankar Street has changed

The guideline value for Block 30 Alagiri Singaiyankar Street has seen several revisions over the years. In 2002, the guideline value was Rs 387 per sq.ft, which increased to Rs 434 per sq.ft in 2003, reflecting a change of +12%. The value then rose to Rs 500 per sq.ft in 2007, marking an increase of +15%. However, in 2012, the value dropped to Rs 1,000 per sq.ft, showing a decrease of -33%. This was followed by a rise to Rs 670 per sq.ft in 2017, an increase of +49%. The most recent revisions saw the value rise to Rs 1,000 per sq.ft in 2023 and then to Rs 1,100 per sq.ft in 2024, reflecting a change of +10%.

It is important to note that the register has no figure for this street in the years not mentioned above.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with guideline values 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, positioning Block 30 Alagiri Singaiyankar Street's 2024 figure below that median.

• Block 2 Vinayakar Street 1,2: Rs 772 per sq.ft (2024)
• Block 30 Kamala Street (or) Kothukara Nalla Street: Rs 825 per sq.ft (2024)
• Block 30 Kamarajar Street: Rs 2,750 per sq.ft (2024)
• Block 30 Muncipality Road: Rs 825 per sq.ft (2024)
• Block 2 RajaGopal Garden: Rs 771 per sq.ft (2024)
• Block 2 Pachiannan Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 30 Alagiri Singaiyankar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 30 Alagiri Singaiyankar Street?

The Sub Registrar Office that covers Block 30 Alagiri Singaiyankar 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 more details.

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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This process helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value for Block 30 Alagiri Singaiyankar Street?

The current guideline value for Block 30 Alagiri Singaiyankar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 387 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing an overall increase of +184% over the years.

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

For a property measuring 1,000 sq.ft at the current guideline value, the total guideline value would be Rs 11,00,000. The stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers this street?

The Erode Joint I Sub Registrar Office covers Block 30 Alagiri Singaiyankar Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 30 Alagiri Singaiyankar Street?

Block 30 Alagiri Singaiyankar Street falls under the Residential Class II Type - I land classification.