Guideline Value for Block 34 Thiruvenkatasamy Street

Block 34 Thiruvenkatasamy Street guideline value

The current guideline value for Block 34 Thiruvenkatasamy 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 and is classified as Commercial Class I Type - III.

How the guideline value of Block 34 Thiruvenkatasamy Street has changed

The guideline value for Block 34 Thiruvenkatasamy Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 958 per sq.ft. This increased to Rs 1,073 per sq.ft in 2003, marking a 12% increase. The value then rose significantly to Rs 1,500 per sq.ft in 2007, which was a 40% increase from the previous revision. In 2012, the value was Rs 2,500 per sq.ft, reflecting a 67% increase from 2007. However, this dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33% from the prior revision. The value then rose again to Rs 2,500 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, marking a 10% increase from 2023.

There are no figures available for revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by 187%.

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, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 34 Thiruvenkatasamy Street is above this median.

• Block 34 Sivanachariar Road: Rs 2,750 per sq.ft (2024)
• Block 35 Brough Road Part 1: Rs 5,500 per sq.ft (2024)
• Block 34 N.M.S. Layout: Rs 2,200 per sq.ft (2024)
• Block 35 East Anumantharayan Kovil Street: Rs 2,750 per sq.ft (2024)
• Block 34 N.M.S. Compound: Rs 2,200 per sq.ft (2024)
• Block 35 Easwaran Kovil Street Part: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Block 34 Thiruvenkatasamy Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling 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 Thiruvenkatasamy Street?

The Sub Registrar Office covering Block 34 Thiruvenkatasamy 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 an important factor during property transactions in Ward C. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value helps ensure that the taxes collected are based on a standardized measure of property worth.

When selling property, the guideline value can serve as a reference point for both buyers and sellers. It provides a basis for negotiation and helps in setting expectations regarding the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Block 34 Thiruvenkatasamy Street?

The current guideline value for Block 34 Thiruvenkatasamy 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 958 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 187% over the years.

What is the land classification for Block 34 Thiruvenkatasamy Street?

Block 34 Thiruvenkatasamy Street is classified as Commercial Class I Type - III.

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

The Sub Registrar Office for Block 34 Thiruvenkatasamy 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 property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees can be calculated accordingly.