Guideline Value for Block 30 South Easwaran Kovil Street

Block 30 South Easwaran Kovil Street guideline value

The current guideline value of Block 30 South Easwaran Kovil Street is Rs 1,375 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 Residential Class I Type - III.

How the guideline value of Block 30 South Easwaran Kovil Street has changed

The guideline value for Block 30 South Easwaran Kovil Street has seen several revisions over the years. In 2002, the guideline value was Rs 404 per sq.ft, which increased to Rs 453 per sq.ft in 2003. Following this, the value rose significantly to Rs 750 per sq.ft in 2007, and further increased to Rs 1,250 per sq.ft in 2012. However, it then decreased to Rs 837 per sq.ft in 2017. The value climbed back to Rs 1,250 per sq.ft in 2023, before reaching the current rate of Rs 1,375 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 240%. Each revision reflects the changing valuation of the property, with no figures available for years other than those listed.

Guideline values in Ward C

In Ward C, there are 250 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 1,375 per sq.ft, which is the same as the current guideline value for Block 30 South Easwaran Kovil Street.

• Block 30 Seeranga Street: Rs 1,100 per sq.ft (2024)
• Block 30 TheppaKulam St: Rs 1,650 per sq.ft (2024)
• Block 30 Vakkeel Samaiyar Street: Rs 825 per sq.ft (2024)
• Block 30 Muncipality Road: Rs 825 per sq.ft (2024)
• Block 31 North Easwaran Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 30 Kamarajar Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 30 South Easwaran Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value would be Rs 13,75,000. The stamp duty at 7% would amount to Rs 96,250, and the registration fee at 2% would be Rs 27,500. Together, these fees total Rs 1,23,750. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 30 South Easwaran Kovil Street?

The Sub Registrar Office that covers Block 30 South Easwaran Kovil 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 is a critical factor in property transactions within Ward C. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must consider this value when negotiating sale prices.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency and fairness in property transactions, as the fees are based on the official valuation rather than arbitrary figures.

Frequently asked questions

What is the current guideline value for Block 30 South Easwaran Kovil Street?

The current guideline value for Block 30 South Easwaran Kovil Street is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 404 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 240% over these years.

What is the stamp duty for properties in this area?

The stamp duty for properties in Block 30 South Easwaran Kovil Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for this street?

The Erode Joint I Sub Registrar Office handles registrations for Block 30 South Easwaran Kovil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 30 South Easwaran Kovil Street?

Block 30 South Easwaran Kovil Street is classified as Residential Class I Type - III, indicating its suitability for residential development.