Guideline Value for Block 34 Sivanachariar Road

Block 34 Sivanachariar Road guideline value

The current guideline value of Block 34 Sivanachariar Road 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 is classified as Commercial Class I Type - III.

How the guideline value of Block 34 Sivanachariar Road has changed

The guideline value for Block 34 Sivanachariar Road has undergone several revisions over the years. The earliest recorded value in the register is from 2002, which was Rs 1,074 per sq.ft. This figure increased to Rs 1,203 per sq.ft in 2003, marking a 12% rise. Following this, the value saw a slight increase of 4% to Rs 1,250 per sq.ft in 2007. The next revision in 2012 recorded a value of Rs 2,500 per sq.ft, which was a significant increase of 100% from the previous figure. However, in 2017, the value dropped to Rs 1,675 per sq.ft, reflecting a decrease of 33%. The value then climbed to Rs 2,500 per sq.ft in 2023, and finally reached the current rate of Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 156%. There are no figures available for the revisions in years other than those stated above.

Guideline values in Ward C

In Ward C, the guideline values range from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 34 Sivanachariar Road is above this median, reflecting its commercial classification.

• Block 34 N.M.S. Layout: Rs 2,200 per sq.ft (2024)
• Block 34 Thiruvenkatasamy Street: Rs 2,750 per sq.ft (2024)
• Block 34 N.M.S. Compound: Rs 2,200 per sq.ft (2024)
• Block 35 Brough Road Part 1: Rs 5,500 per sq.ft (2024)
• Block 34 Kamarajar Street Part 1: Rs 2,750 per sq.ft (2024)
• Block 35 East Anumantharayan Kovil Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 34 Sivanachariar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total 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, bringing the total to Rs 2,47,500. Please 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 details.

Which Sub Registrar Office covers Block 34 Sivanachariar Road?

The Sub Registrar Office that covers Block 34 Sivanachariar Road 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 in the registration process of property transactions in Ward C. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to a property.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This value is essential for ensuring transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Block 34 Sivanachariar Road?

The current guideline value of Block 34 Sivanachariar Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,074 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 156%.

What is the classification of the land on Block 34 Sivanachariar Road?

Block 34 Sivanachariar Road is classified as Commercial Class I Type - III, indicating its use for commercial purposes.

How is stamp duty calculated for properties in Block 34 Sivanachariar Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,92,500.

Where can I find the Sub Registrar Office for Block 34 Sivanachariar Road?

The Sub Registrar Office for Block 34 Sivanachariar Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.