Guideline Value for Block 35 Thiruvenkatasamy Street

Block 35 Thiruvenkatasamy Street guideline value

The current guideline value for Block 35 Thiruvenkatasamy Street is Rs 3,300 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 - II.

How the guideline value of Block 35 Thiruvenkatasamy Street has changed

The guideline value for Block 35 Thiruvenkatasamy Street has undergone several revisions over the years. In 2002, the guideline value was Rs 958 per sq.ft, which increased to Rs 1,073 per sq.ft in 2003, marking a change of +12%. The value then rose significantly to Rs 1,500 per sq.ft in 2007, reflecting an increase of +40%. Following this, the value doubled to Rs 3,000 per sq.ft in 2012, a change of +100%. However, it decreased to Rs 2,010 per sq.ft in 2017, showing a decline of -33%. The guideline value saw a substantial increase to Rs 3,000 per sq.ft in 2023, and it has now risen to Rs 3,300 per sq.ft in 2024, which is a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +244%. There are no figures available for revisions in years not listed in the register.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, placing Block 35 Thiruvenkatasamy Street above this median.

• Block 35 South Anumantharayar Kovil Street Part 1: Rs 2,750 per sq.ft (2024)
• Block 35 West Anumantharayar Kovil Street Part 1: Rs 2,750 per sq.ft (2024)
• Block 35 Sokkanatha Street Part 1: Rs 2,750 per sq.ft (2024)
• Block 36 Brough Road Part 1: Rs 6,600 per sq.ft (2024)
• Block 35 Nethaji Street Part 1: Rs 4,400 per sq.ft (2024)
• Block 36 East Anumantharayan St: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 35 Thiruvenkatasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. 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 35 Thiruvenkatasamy Street?

Block 35 Thiruvenkatasamy Street is covered by 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 information.

How the guideline value is used when you buy or sell in Ward C

The guideline value is essential for property transactions in Ward C as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is important to note that the actual sale price of the property cannot be lower than the guideline value. This ensures that the government receives the appropriate taxes based on the established guideline values.

Frequently asked questions

What is the current guideline value for Block 35 Thiruvenkatasamy Street?

The current guideline value for Block 35 Thiruvenkatasamy Street is Rs 3,300 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 3,300 per sq.ft in 2024, reflecting an overall increase of +244% over the years.

What is the stamp duty rate for property in this area?

The stamp duty rate for property transactions in Block 35 Thiruvenkatasamy Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for this street?

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

What are the guideline values for other streets in Ward C?

Other streets in Ward C have varying guideline values, with rates ranging from Rs 770 to Rs 7,700 per sq.ft. Block 35 Thiruvenkatasamy Street's value is above the median of Rs 1,375 per sq.ft.