Guideline Value for Block 33 Easwaran Kovil Street

Block 33 Easwaran Kovil Street guideline value

The current guideline value of Block 33 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 it is classified as Commercial Class I Type - I.

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

The guideline value for Block 33 Easwaran Kovil Street has undergone 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 change of +12%. The value then rose to Rs 2,000 per sq.ft in 2007, reflecting a significant increase of +48%. In 2012, the guideline value was Rs 4,000 per sq.ft, which was a +100% increase from the previous revision. However, it dropped to Rs 2,680 per sq.ft in 2017, showing a decrease of -33%. The value then increased to Rs 4,000 per sq.ft in 2023, and finally, it rose to the current figure of Rs 4,400 per sq.ft in 2024, which is a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +265%. There are no figures available for the revisions in years other than those listed above.

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, placing Block 33 Easwaran Kovil Street's 2024 guideline value above this median.

• Block 33 Brindha Street: Rs 2,750 per sq.ft (2024)
• Block 33 Easwaran Kovil Street Lane: Rs 1,925 per sq.ft (2024)
• Block 32 West Perumal Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 33 N.M.S.Compound: Rs 2,200 per sq.ft (2024)
• Block 32 South Perumal Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 33 N.M.S. Lay out: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Block 33 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, totaling Rs 3,96,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 33 Easwaran Kovil Street?

The Sub Registrar Office that covers Block 33 Easwaran Kovil 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 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 in Ward C. It is used to calculate the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value provides a benchmark for determining the official value of the property. This ensures that the appropriate taxes are collected and helps maintain transparency in real estate transactions.

Frequently asked questions

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

The current guideline value of Block 33 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 from Rs 1,204 in 2002 to Rs 4,400 in 2024, reflecting an overall increase of +265% over the years.

What is the classification of Block 33 Easwaran Kovil Street?

Block 33 Easwaran Kovil Street is classified as Commercial Class I Type - I.

What is the registration office for this street?

The registration office for Block 33 Easwaran Kovil Street 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 higher of the guideline value or the sale price. 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%.