Guideline Value for Block 35 Easwaran Kovil Street Part

Block 35 Easwaran Kovil Street Part guideline value

The current guideline value for Block 35 Easwaran Kovil Street Part 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 is classified as Commercial Class I Type - I.

How the guideline value of Block 35 Easwaran Kovil Street Part has changed

The guideline value for Block 35 Easwaran Kovil Street Part has seen several revisions over the years. In 2002, the value was Rs 1,289 per sq.ft, which increased to Rs 1,444 per sq.ft in 2003, marking a rise of 12%. The value then continued to climb to Rs 2,000 per sq.ft in 2007, representing a 39% increase. Following that, the value doubled to Rs 4,000 per sq.ft in 2012, showing a 100% increase. However, it decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The guideline value then rose significantly to Rs 4,000 per sq.ft in 2023, followed by the current rate of Rs 4,400 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 241%. The register has no figures for revisions in the years not listed.

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 for these streets is Rs 1,375 per sq.ft, placing Block 35 Easwaran Kovil Street Part above this median.

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

Stamp duty and registration fee for property in Block 35 Easwaran Kovil Street Part

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. 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 35 Easwaran Kovil Street Part?

The Sub Registrar Office that covers Block 35 Easwaran Kovil Street Part 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 used as a reference point for calculating stamp duty and registration fees when buying or selling property in Ward C. It is essential to know that the guideline value may differ from the actual sale price, and the higher value will be used for calculating fees.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 35 Easwaran Kovil Street Part?

The current guideline value for Block 35 Easwaran Kovil Street Part 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 seen several changes, starting from Rs 1,289 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, an overall increase of 241% over the years.

What is the land classification for Block 35 Easwaran Kovil Street Part?

Block 35 Easwaran Kovil Street Part is classified as Commercial Class I Type - I.

Where is the Sub Registrar Office located for this street?

The Erode Joint I Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is 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 1,000 sq.ft plot at the current guideline value results in a total of Rs 3,96,000 for stamp duty and registration fees.