Guideline Value for Block 35 West Anumantharayar Kovil Street Part 1

Block 35 West Anumantharayar Kovil Street Part 1 guideline value

The current guideline value for Block 35 West Anumantharayar Kovil Street Part 1 is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ward C, under the Erode Joint I SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Block 35 West Anumantharayar Kovil Street Part 1 has changed

The guideline value for Block 35 West Anumantharayar Kovil Street Part 1 has undergone several revisions over the years. In 2002, the guideline value was Rs 719 per sq.ft, which increased to Rs 806 per sq.ft in 2003, marking a 12% rise. The value then continued to rise, reaching Rs 1,500 per sq.ft in 2007, an increase of 86%. Following this, the value decreased to Rs 2,500 per sq.ft in 2012, reflecting a decline of 33%. The value saw a significant increase to Rs 1,675 per sq.ft in 2017, which was a 49% increase from the previous revision. In 2023, the guideline value was Rs 2,500 per sq.ft, and it has now risen to Rs 2,750 per sq.ft in 2024, representing a 10% increase.

There are no figures available for the revisions in years other than those stated above. Overall, from 2002 to 2024, the guideline value has increased by 282%.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with 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 the 2024 figure for Block 35 West Anumantharayar Kovil Street Part 1 above this median.

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

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

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

For more details, you can use the stamp duty and registration fee calculator.

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

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

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

The guideline value plays a crucial role in the registration process of property transactions in Ward C. It is used to determine the stamp duty and registration fees applicable at the time of property registration. Buyers and sellers must be aware of the current guideline value to ensure accurate calculations of these fees.

When a property is sold, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duty. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

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

The current guideline value for Block 35 West 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 significantly 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 is the registration office for this street?

The registration office covering Block 35 West Anumantharayar Kovil Street Part 1 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.

What are other streets in Ward C and their guideline values?

Other streets in Ward C include Block 35 Thiruvenkatasamy Street at Rs 3,300 per sq.ft, Block 36 Brough Road Part 1 at Rs 6,600 per sq.ft, and several others, with values ranging from Rs 2,750 to Rs 6,600 per sq.ft.