Guideline Value for Block 35 South Anumantharayar Kovil Street Part 1

Block 35 South Anumantharayar Kovil Street Part 1 guideline value

The current guideline value for Block 35 South Anumantharayar Kovil Street Part 1 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 South Anumantharayar Kovil Street Part 1 has changed

The guideline value for Block 35 South Anumantharayar Kovil Street Part 1 has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 719 per sq.ft. This increased to Rs 806 per sq.ft in 2003, marking a 12% rise. The value continued to rise significantly, reaching Rs 1,500 per sq.ft in 2007, which was an increase of 86%. By 2012, the value was Rs 2,500 per sq.ft, reflecting a 67% increase from the previous revision. However, from 2012 to 2017, the value dropped to Rs 1,675 per sq.ft, a decrease of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, a substantial increase of 49%. Finally, the current revision in 2024 sets the value at Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years not listed in the register for this street.

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 South Anumantharayar Kovil Street Part 1 is above this median.

• Block 35 Sokkanatha Street Part 1: Rs 2,750 per sq.ft (2024)
• Block 35 Thiruvenkatasamy Street: Rs 3,300 per sq.ft (2024)
• Block 35 Nethaji Street Part 1: Rs 4,400 per sq.ft (2024)
• Block 35 West Anumantharayar Kovil Street Part 1: Rs 2,750 per sq.ft (2024)
• Block 35 Easwaran Kovil Street Part: Rs 4,400 per sq.ft (2024)
• Block 36 Brough Road Part 1: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Block 35 South Anumantharayar Kovil Street Part 1

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the 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, totaling Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 35 South Anumantharayar Kovil Street Part 1?

The Sub Registrar Office that covers Block 35 South Anumantharayar Kovil Street Part 1 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for more details.

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 when buying or selling property in Ward C. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 35 South Anumantharayar Kovil Street Part 1?

The current guideline value for Block 35 South Anumantharayar Kovil Street Part 1 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, representing an overall increase of 282% over the years.

What is the land classification for this street?

Block 35 South Anumantharayar Kovil Street Part 1 is classified as Commercial Class I Type - III.

Which office handles registrations for this street?

The Erode Joint I Sub Registrar Office handles registrations for Block 35 South Anumantharayar Kovil Street Part 1, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total fees can amount to Rs 2,47,500.