Guideline Value for Block 35 East Anumantharayan Kovil Street

Block 35 East Anumantharayan Kovil Street guideline value

The current guideline value of Block 35 East Anumantharayan Kovil 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 35 East Anumantharayan Kovil Street has changed

The guideline value for Block 35 East Anumantharayan Kovil Street has undergone several revisions over the years. In 2002, the value was Rs 719 per sq.ft, which increased to Rs 806 per sq.ft in 2003, marking a change of +12%. The value then saw significant growth, reaching Rs 1,500 per sq.ft in 2007, an increase of +86%. Following this, the value dropped to Rs 2,500 per sq.ft in 2012, a decrease of -33%. The next revision in 2017 brought the value back up to Rs 1,675 per sq.ft, which was a +49% increase. In 2023, the value further increased to Rs 2,500 per sq.ft, and finally, the most recent revision in 2024 set the value at Rs 2,750 per sq.ft, reflecting a +10% change from the previous year.

It is important to note that the register has no figures for the years not mentioned in the revisions listed above.

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 35 East Anumantharayan Kovil Street is above this median.

• Block 35 Brough Road Part 1: Rs 5,500 per sq.ft (2024)
• Block 35 Easwaran Kovil Street Part: Rs 4,400 per sq.ft (2024)
• Block 34 Thiruvenkatasamy Street: Rs 2,750 per sq.ft (2024)
• Block 35 Nethaji Street Part 1: Rs 4,400 per sq.ft (2024)
• Block 34 Sivanachariar Road: Rs 2,750 per sq.ft (2024)
• Block 35 Sokkanatha Street Part 1: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 35 East Anumantharayan Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would amount to Rs 55,000. Together, these fees would total Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block 35 East Anumantharayan Kovil Street?

The Sub Registrar Office that covers Block 35 East Anumantharayan 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 here.

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 baseline for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall costs involved in the transaction. Buyers should ensure that they are prepared for these expenses, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Block 35 East Anumantharayan Kovil Street?

The current guideline value of Block 35 East Anumantharayan Kovil 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 719 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of +282% over this period.

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.

Which Sub Registrar Office covers this street?

The Erode Joint I Sub Registrar Office covers Block 35 East Anumantharayan Kovil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 35 East Anumantharayan Kovil Street?

Block 35 East Anumantharayan Kovil Street is classified as Commercial Class I Type - III.