Guideline Value for Block 32 Brindha Street

Block 32 Brindha Street guideline value

The current guideline value of Block 32 Brindha Street is Rs 2,750 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 land classification of Commercial Class I Type - III.

How the guideline value of Block 32 Brindha Street has changed

The guideline value for Block 32 Brindha Street has seen several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 571 per sq.ft. This increased to Rs 640 per sq.ft in 2003, marking a change of +12%. The value further rose to Rs 750 per sq.ft in 2007, a significant increase of +17%. In 2012, the value was recorded at Rs 2,500 per sq.ft, reflecting a substantial rise of +233% from the previous revision. However, this figure decreased to Rs 1,675 per sq.ft in 2017, showing a decline of -33%.

From 2017 to 2023, the guideline value increased to Rs 2,500 per sq.ft, which is a rise of +49%. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, representing a +10% increase from 2023. It is important to note that there are no figures available for the revisions in years other than those listed.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with guideline values 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, placing Block 32 Brindha Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Block 32 Brindha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Block 32 Brindha Street?

The Sub Registrar Office that covers Block 32 Brindha Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the 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 registering property transactions in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the guideline value helps establish the official value of the property for registration purposes. This ensures that the transaction is documented accurately and that the appropriate fees are collected based on the established guideline value.

Frequently asked questions

What is the current guideline value of Block 32 Brindha Street?

The current guideline value of Block 32 Brindha Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 571 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, representing an overall increase of +382% over the years.

What is the median guideline value in Ward C?

The median guideline value in Ward C is Rs 1,375 per sq.ft, with Block 32 Brindha Street's current value being above this median.

What fees are associated with purchasing property in Block 32 Brindha Street?

When purchasing property in Block 32 Brindha Street, buyers should expect to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Block 32 Brindha Street located?

The Sub Registrar Office for Block 32 Brindha Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.