Guideline Value for Block 31 Sriranga Street

Block 31 Sriranga Street guideline value

The current guideline value of Block 31 Sriranga Street is Rs 1,100 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 - I.

How the guideline value of Block 31 Sriranga Street has changed

The guideline value for Block 31 Sriranga Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 571 per sq.ft. In 2003, it increased to Rs 640 per sq.ft, marking a 12% rise. The value then rose to Rs 750 per sq.ft in 2007, which was a 17% increase from the previous revision. The 2012 revision saw the value at Rs 1,000 per sq.ft, representing a 33% increase from 2007. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, which was a 33% drop. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the most recent revision in 2024 set it at Rs 1,100 per sq.ft, reflecting a 10% increase.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 93%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Ward C

In Ward C, there are 250 streets that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value of Block 31 Sriranga Street is below this median.

• Block 31 South 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 31 North Easwaran Kovil Street: Rs 1,375 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 Sriranga Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 31 Sriranga Street?

The Sub Registrar Office that covers Block 31 Sriranga 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 an essential factor when registering property in Ward C. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to assess the applicable charges, ensuring that both parties are aware of the financial implications involved. It is crucial for buyers to understand the guideline value to make informed decisions during the property transaction.

Frequently asked questions

What is the current guideline value of Block 31 Sriranga Street?

The current guideline value of Block 31 Sriranga Street is Rs 1,100 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 571 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, representing a total increase of 93% over the years.

What is the land classification of Block 31 Sriranga Street?

Block 31 Sriranga Street is classified as Residential Class II Type - I.

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

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

How is the stamp duty calculated for properties in Block 31 Sriranga Street?

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 have a total guideline value of Rs 11,00,000, which would be used to calculate the stamp duty and registration fees.