Guideline Value for Block 33 Easwaran Kovil Street Lane

Block 33 Easwaran Kovil Street Lane guideline value

The current guideline value for Block 33 Easwaran Kovil Street Lane is Rs 1,925 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, classified as Residential Class I Type - I.

How the guideline value of Block 33 Easwaran Kovil Street Lane has changed

The guideline value for Block 33 Easwaran Kovil Street Lane has seen several revisions over the years. In 2002, the guideline value was Rs 1,204 per sq.ft. This increased to Rs 1,349 per sq.ft in 2003, marking a rise of 12%. The following revisions were Rs 1,500 per sq.ft in 2007, a growth of 11%, and then to Rs 1,750 per sq.ft in 2012, which was an increase of 17%. However, from 2012 to 2017, the value decreased to Rs 1,172 per sq.ft, reflecting a drop of 33%.

From 2017 to 2023, the value rose significantly to Rs 1,750 per sq.ft, an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 1,925 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 60%.

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 is Rs 1,375 per sq.ft, placing Block 33 Easwaran Kovil Street Lane above this median.

• Block 33 Easwaran Kovil Street: Rs 4,400 per sq.ft (2024)
• Block 33 N.M.S.Compound: Rs 2,200 per sq.ft (2024)
• Block 33 Brindha Street: Rs 2,750 per sq.ft (2024)
• Block 33 N.M.S. Lay out: Rs 2,200 per sq.ft (2024)
• Block 32 West Perumal Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 33 Ramasamy Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 33 Easwaran Kovil Street Lane

For a 1,000 sq.ft plot at the current rate of Rs 1,925 per sq.ft, the guideline value amounts to Rs 19,25,000. The stamp duty at 7% would be Rs 1,34,750, and the registration fee at 2% would be Rs 38,500, totaling Rs 1,73,250. 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 detailed calculations.

Which Sub Registrar Office covers Block 33 Easwaran Kovil Street Lane?

The Sub Registrar Office that covers Block 33 Easwaran Kovil Street Lane 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 registering property transactions 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.

Frequently asked questions

What is the current guideline value for Block 33 Easwaran Kovil Street Lane?

The current guideline value for Block 33 Easwaran Kovil Street Lane is Rs 1,925 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 1,204 per sq.ft in 2002 to Rs 1,925 per sq.ft in 2024, reflecting an overall increase of 60% over this period.

What is the land classification for Block 33 Easwaran Kovil Street Lane?

Block 33 Easwaran Kovil Street Lane is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

The Sub Registrar Office for Block 33 Easwaran Kovil Street Lane 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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 19,25,000 would incur a stamp duty of Rs 1,34,750 at a rate of 7%.