Guideline Value for Block 31 South Easwaran Kovil Street

Block 31 South Easwaran Kovil Street guideline value

The current guideline value for Block 31 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 it falls under the Residential Class I Type - III land classification.

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

The guideline value for Block 31 South Easwaran Kovil Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 571 per sq.ft. This value increased to Rs 640 per sq.ft in 2003, marking a 12% rise. The following revisions saw further increases, with the value reaching Rs 750 per sq.ft in 2007, an increase of 17%. By 2012, the value was Rs 1,250 per sq.ft, reflecting a significant 67% increase from the previous revision. However, in 2017, the guideline value dropped to Rs 837 per sq.ft, a decrease of 33%. In 2023, the value increased again to Rs 1,250 per sq.ft, and finally, the current guideline value as of 2024 is Rs 1,375 per sq.ft, which is a 10% increase from 2023.

Overall, from 2002 to 2024, the guideline value for Block 31 South Easwaran Kovil Street has increased by 141%. There are no figures available for the revisions from years not mentioned in the register.

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 guideline value in this area is Rs 1,375 per sq.ft, which is equal to the current value of Block 31 South Easwaran Kovil Street.

• Block 31 Sriranga Street: Rs 1,100 per sq.ft (2024)
• Block 31 North Easwaran Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 31 Thillai Nagar: Rs 2,530 per sq.ft (2024)
• Block 32 AgilMedu St: Rs 2,530 per sq.ft (2024)
• Block 32 Brindha Street: Rs 2,750 per sq.ft (2024)
• Block 32 East Perumal Kovil Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 31 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, making the total cost for these fees Rs 1,23,750. Please 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 more details.

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

The Sub Registrar Office that covers Block 31 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 information.

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

The guideline value is an important factor in the registration process when buying or selling property in Ward C. It serves as a basis for calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is registered, the higher amount between the guideline value and the sale price is used to determine the applicable duties. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Block 31 South Easwaran Kovil Street?

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

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250 and the registration fee would be Rs 27,500, totaling Rs 1,23,750.

Which Sub Registrar Office is responsible for this street?

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

What is the land classification for Block 31 South Easwaran Kovil Street?

Block 31 South Easwaran Kovil Street is classified as Residential Class I Type - III.