Guideline Value for Block 30 Vakkeel Samaiyar Street

Block 30 Vakkeel Samaiyar Street guideline value

The current guideline value of Block 30 Vakkeel Samaiyar Street is Rs 825 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 II Type - II.

How the guideline value of Block 30 Vakkeel Samaiyar Street has changed

The guideline value for Block 30 Vakkeel Samaiyar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which decreased to Rs 502 per sq.ft in 2017. The value then increased significantly by 49% to reach Rs 750 per sq.ft in 2023, before rising again by 10% to the current value of Rs 825 per sq.ft in 2024.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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, making the 2024 figure for Block 30 Vakkeel Samaiyar Street below that median.

• Block 30 TheppaKulam St: Rs 1,650 per sq.ft (2024)
• Block 30 South Easwaran Kovil Street: Rs 1,375 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 31 South Easwaran Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 30 Muncipality Road: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 30 Vakkeel Samaiyar Street

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, totaling Rs 74,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 30 Vakkeel Samaiyar Street?

The Sub Registrar Office that covers Block 30 Vakkeel Samaiyar 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 information.

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

The guideline value is a critical factor in the registration process for property transactions in Ward C. It determines the amount of stamp duty and registration fees that must be paid during the sale or purchase of a property.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Block 30 Vakkeel Samaiyar Street?

The current guideline value of Block 30 Vakkeel Samaiyar Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the land classification for this street?

Block 30 Vakkeel Samaiyar Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 74,250 in fees.