Guideline Value for Block 30 TheppaKulam St

Block 30 TheppaKulam St guideline value

The current guideline value for Block 30 TheppaKulam St is Rs 1,650 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 - II.

How the guideline value of Block 30 TheppaKulam St has changed

The guideline value for Block 30 TheppaKulam St has undergone several revisions over the years. In 2003, the guideline value was Rs 806 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following that, the value increased significantly to Rs 1,500 per sq.ft in 2012, but then decreased to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,650 per sq.ft. The register has no figure for this street in 2002.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. The overall increase from 2003 to 2024 is 105%. The fluctuations in the guideline value reflect various factors affecting the area over time.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 30 TheppaKulam St above this median.

• Block 30 South Easwaran Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 30 Vakkeel Samaiyar Street: Rs 825 per sq.ft (2024)
• Block 30 Seeranga Street: Rs 1,100 per sq.ft (2024)
• Block 31 North Easwaran Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 30 Muncipality Road: Rs 825 per sq.ft (2024)
• Block 31 South Easwaran Kovil Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 30 TheppaKulam St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 30 TheppaKulam St?

The Sub Registrar Office that covers Block 30 TheppaKulam St 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 C

The guideline value plays a crucial role during property transactions in Ward C. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is essential for ensuring that the transaction is recorded accurately and in compliance with local regulations.

When selling property, the guideline value can influence the sale price, as it reflects the official valuation of the property in the area. Buyers and sellers should be aware of the guideline value to ensure a smooth transaction process and to understand the financial obligations involved.

Frequently asked questions

What is the current guideline value for Block 30 TheppaKulam St?

The current guideline value for Block 30 TheppaKulam St is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 806 per sq.ft in 2003 to Rs 1,650 per sq.ft in 2024, reflecting a total increase of 105% over this period.

What are the registration fees for property in Block 30 TheppaKulam St?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

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

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

The median guideline value for streets in Ward C is Rs 1,375 per sq.ft, with Block 30 TheppaKulam St currently positioned above this median at Rs 1,650 per sq.ft.