Guideline Value for Block 32 AgilMedu St

Block 32 AgilMedu St guideline value

The current guideline value for Block 32 AgilMedu St is Rs 2,530 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 Mixed Type - I land classification.

How the guideline value of Block 32 AgilMedu St has changed

The guideline value for Block 32 AgilMedu St has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 806 per sq.ft. It increased to Rs 1,000 per sq.ft in 2007, then saw a significant rise to Rs 2,300 per sq.ft in 2012. However, it dropped to Rs 1,541 per sq.ft in 2017. The 2023 revision set the value at Rs 2,300 per sq.ft, and the latest revision in 2024 has increased it to Rs 2,530 per sq.ft.

In terms of changes, the value rose by 24% from 2003 to 2007, followed by a substantial increase of 130% from 2007 to 2012. The value then decreased by 33% from 2012 to 2017. After that, it increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. The overall increase from 2003 to 2024 is 214%.

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 is Rs 1,375 per sq.ft, making the 2024 figure for Block 32 AgilMedu St above this median.

• Block 31 Thillai Nagar: Rs 2,530 per sq.ft (2024)
• Block 32 Brindha Street: Rs 2,750 per sq.ft (2024)
• Block 31 Sriranga Street: Rs 1,100 per sq.ft (2024)
• Block 31 South Easwaran Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 32 East Perumal Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 32 Easwaran Kovil Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Block 32 AgilMedu St

For a 1,000 sq.ft plot at the current rate of Rs 2,530 per sq.ft, the guideline value would be Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, totaling Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on calculating these fees.

Which Sub Registrar Office covers Block 32 AgilMedu St?

The Sub Registrar Office that covers Block 32 AgilMedu 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 is a crucial factor when buying or selling property in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is registered, the guideline value is used to calculate these fees, ensuring that they are based on a standardized valuation rather than individual sale prices. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value for Block 32 AgilMedu St?

The current guideline value for Block 32 AgilMedu St is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 806 per sq.ft in 2003 and reaching Rs 2,530 per sq.ft in 2024. The most significant increase occurred from 2007 to 2012, where the value rose by 130%.

What is the land classification for Block 32 AgilMedu St?

Block 32 AgilMedu St falls under the Mixed Type - I land classification. This classification is important for understanding the usage and potential of the land.

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

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100, and the registration fee would be Rs 50,600, totaling Rs 2,27,700. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Block 32 AgilMedu St?

The Erode Joint I Sub Registrar Office handles property registrations for Block 32 AgilMedu St. The office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.