Guideline Value for Block 30 Old Railway Station Road

Block 30 Old Railway Station Road guideline value

The current guideline value of Block 30 Old Railway Station Road is Rs 771 per sq.ft. This property is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 30 Old Railway Station Road has changed

Looking back at the revisions, the guideline value for Block 30 Old Railway Station Road was Rs 289 per sq.ft in 2002. It increased to Rs 327 per sq.ft in 2003, marking a change of +13%. By 2007, the value rose to Rs 400 per sq.ft, reflecting a +22% increase. However, in 2012, the value decreased to Rs 500 per sq.ft, a change of -33%. The value then increased to Rs 335 per sq.ft in 2017, followed by a significant rise to Rs 700 per sq.ft in 2023, which was a +109% increase. The latest revision in 2024 set the value at Rs 771 per sq.ft, representing a +10% change from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +167%. There are no figures available for revisions in other years for this street.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 30 Old Railway Station Road is below this median.

• Block 30 Nethaji Road: Rs 771 per sq.ft (2024)
• Block 30 Karur Road: Rs 771 per sq.ft (2024)
• Block 2 S.K. Chenniappa Gounder Road: Rs 1,650 per sq.ft (2024)
• Block 2 Muthusamy Gounder Street (Athiyaman Street): Rs 825 per sq.ft (2024)
• Block 2 Muthusamy Gounder Lane: Rs 825 per sq.ft (2024)
• Block 2 E.C.Muthusamy Gounder Lay-out: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 30 Old Railway Station Road

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total cost for these fees to Rs 69,390. 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 further calculations.

Which Sub Registrar Office covers Block 30 Old Railway Station Road?

The Sub Registrar Office that covers Block 30 Old Railway Station Road 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 30 Old Railway Station Road?

The current guideline value for Block 30 Old Railway Station Road is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 289 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of +167% over this period.

What is the registration fee for property in Block 30 Old Railway Station Road?

The registration fee for property transactions is calculated at 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Block 30 Old Railway Station Road located?

The Sub Registrar Office for Block 30 Old Railway Station Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher amount is used for calculating the applicable fees.