Guideline Value for Block 31 North Easwaran Kovil Street

Block 31 North Easwaran Kovil Street guideline value

The current guideline value of Block 31 North Easwaran Kovil Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward C village and falls under the Erode Joint I SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Block 31 North Easwaran Kovil Street has changed

The guideline value for Block 31 North Easwaran Kovil Street has undergone several revisions since 2002. The figures are as follows: in 2002, the value was Rs 571 per sq.ft, which increased to Rs 640 per sq.ft in 2003. The value then rose to Rs 750 per sq.ft in 2007, followed by an increase to Rs 1,250 per sq.ft in 2012. However, it decreased to Rs 837 per sq.ft in 2017. The value then saw a significant increase to Rs 1,250 per sq.ft in 2023, before reaching the current rate of Rs 1,375 per sq.ft in 2024.

Looking at the changes between revisions, from 2017 to 2023, there was an increase of 49%. The value rose by 67% from 2007 to 2012, while there was a decrease of 33% from 2012 to 2017. The increase from 2003 to 2007 was 17%, and from 2002 to 2003, it was 12%. Overall, from 2002 to 2024, the guideline value has increased by 141%. There are no figures for any other revisions for this street in the register.

Guideline values in Ward C

Ward C consists of 250 streets under the Erode Joint I SRO, with a 2024 guideline value range from Rs 770 to Rs 7,700 per sq.ft. The median guideline value is Rs 1,375 per sq.ft, which is equal to the current rate for Block 31 North Easwaran Kovil Street.

• Block 31 South Easwaran Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 31 Sriranga Street: Rs 1,100 per sq.ft (2024)
• Block 31 Thillai Nagar: Rs 2,530 per sq.ft (2024)
• Block 30 Vakkeel Samaiyar Street: Rs 825 per sq.ft (2024)
• Block 32 AgilMedu St: Rs 2,530 per sq.ft (2024)
• Block 30 TheppaKulam St: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 31 North 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, bringing the total to Rs 1,23,750. Please note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 31 North Easwaran Kovil Street?

The Sub Registrar Office that covers Block 31 North 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 information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ward C. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the correct amounts are paid to the authorities.

Frequently asked questions

What is the current guideline value of Block 31 North Easwaran Kovil Street?

The current guideline value of Block 31 North 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 from Rs 571 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 141% over the years.

What is the registration office for Block 31 North Easwaran Kovil Street?

The registration office for Block 31 North Easwaran Kovil Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 13,75,000 would incur a stamp duty of Rs 96,250 at a rate of 7%.

Are there other streets with the same guideline value in Ward C?

Yes, Block 31 South Easwaran Kovil Street also has a guideline value of Rs 1,375 per sq.ft (2024), which is equal to that of Block 31 North Easwaran Kovil Street.