Guideline Value for Block 33 Brindha Street

Block 33 Brindha Street guideline value

The current guideline value for Block 33 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, classified as Commercial Class I Type - III.

How the guideline value of Block 33 Brindha Street has changed

The guideline value for Block 33 Brindha Street has seen several revisions since 2002. The 2002 revision recorded a value of Rs 567 per sq.ft, which increased to Rs 635 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 750 per sq.ft in 2007, a change of +18%. In 2012, the value was revised to Rs 2,500 per sq.ft, reflecting a significant increase of +233%. However, in 2017, the value dropped to Rs 1,675 per sq.ft, a decrease of -33%. The 2023 revision saw the value rise to Rs 2,500 per sq.ft, followed by a further increase to Rs 2,750 per sq.ft in 2024, a change of +10%.

Overall, from 2002 to 2024, the guideline value for Block 33 Brindha Street has increased by +385%. There are no revisions with figures missing for this street 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 value for these streets is Rs 1,375 per sq.ft, placing Block 33 Brindha Street's 2024 figure above that median.

• Block 32 West Perumal Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 33 Easwaran Kovil Street: Rs 4,400 per sq.ft (2024)
• Block 32 South Perumal Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 33 Easwaran Kovil Street Lane: Rs 1,925 per sq.ft (2024)
• Block 32 Sathy (or) Veerapathira Street: Rs 2,750 per sq.ft (2024)
• Block 33 N.M.S.Compound: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Block 33 Brindha Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 33 Brindha Street?

The Sub Registrar Office that covers Block 33 Brindha 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 a crucial factor in the registration process when buying or selling property in Ward C. It determines the minimum value at which the property must be registered, ensuring that the transaction is documented accurately according to government regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Block 33 Brindha Street?

The current guideline value for Block 33 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 from Rs 567 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of +385% over the years.

What is the registration office for Block 33 Brindha Street?

The registration office for Block 33 Brindha Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Are there other streets with similar guideline values in Ward C?

Yes, there are several other streets in Ward C with varying guideline values, ranging from Rs 770 to Rs 7,700 per sq.ft. Block 33 Brindha Street's current value is above the median of Rs 1,375 per sq.ft for this area.