Guideline Value for Block 32 Easwaran Kovil Street

Block 32 Easwaran Kovil Street guideline value

The current guideline value of Block 32 Easwaran Kovil Street is Rs 4,400 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 Commercial Class I Type - I.

How the guideline value of Block 32 Easwaran Kovil Street has changed

The guideline value for Block 32 Easwaran Kovil Street has seen several revisions over the years. In 2002, the value was Rs 1,201 per sq.ft, which increased to Rs 1,345 per sq.ft in 2003, marking a change of +12%. The value continued to rise, reaching Rs 2,000 per sq.ft in 2007, an increase of +49%. Following this, the value doubled to Rs 4,000 per sq.ft in 2012, a significant rise of +100%. However, it then decreased to Rs 2,680 per sq.ft in 2017, reflecting a drop of -33%. The value rebounded to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, representing an increase of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +266%. There are no figures available for the years not listed in the register for this street.

Guideline values in Ward C

In Ward C, the guideline values range from Rs 770 to Rs 7,700 per sq.ft as of 2024, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 32 Easwaran Kovil Street is above this median.

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

Stamp duty and registration fee for property in Block 32 Easwaran Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 32 Easwaran Kovil Street?

The Sub Registrar Office that covers Block 32 Easwaran Kovil 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 crucial during the registration of property transactions in Ward C. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the legal and financial obligations of both parties. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 32 Easwaran Kovil Street?

The current guideline value for Block 32 Easwaran Kovil Street is Rs 4,400 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 1,201 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +266% over the years.

What is the land classification for Block 32 Easwaran Kovil Street?

Block 32 Easwaran Kovil Street is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.

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

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.