Guideline Value for Block 36 Easwaran Kovil Street

Block 36 Easwaran Kovil Street guideline value

The current guideline value of Block 36 Easwaran Kovil Street 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 it falls under the Commercial Class I Type - I land classification.

How the guideline value of Block 36 Easwaran Kovil Street has changed

The guideline value for Block 36 Easwaran Kovil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 1,440 per sq.ft, which increased to Rs 1,613 per sq.ft in 2003, marking a change of +12%. The value further rose to Rs 2,000 per sq.ft in 2007, reflecting a +24% increase. By 2012, the value was Rs 4,000 per sq.ft, showing a +100% jump from the previous revision. However, it decreased to Rs 2,680 per sq.ft in 2017, a decline of -33%. The value then increased significantly to Rs 4,000 per sq.ft in 2023, followed by a rise to Rs 4,400 per sq.ft in 2024, which is a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +206%. There are no figures available in the register for revisions other than those listed above.

Guideline values in Ward C

In Ward C, the guideline values range 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 36 Easwaran Kovil Street is above this median, indicating a higher valuation compared to many other streets in the area.

• Block 36 East Anumantharayan St: Rs 2,750 per sq.ft (2024)
• Block 36 Muthuranga Street: Rs 3,300 per sq.ft (2024)
• Block 36 Brough Road Part 1: Rs 6,600 per sq.ft (2024)
• Block 36 Nethaji Road 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 36 Thiruvenkata Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Block 36 Easwaran Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost for stamp duty and registration fee would be Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Block 36 Easwaran Kovil Street?

The Sub Registrar Office that covers Block 36 Easwaran 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 for more details.

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

When buying or selling property in Ward C, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which property transactions are registered, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall costs involved in a property transaction. The guideline value is updated periodically, reflecting changes in the real estate market and land use patterns.

Frequently asked questions

What is the current guideline value of Block 36 Easwaran Kovil Street?

The current guideline value of Block 36 Easwaran Kovil Street 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 changed from Rs 1,440 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of +206% over the years.

What is the land classification for Block 36 Easwaran Kovil Street?

Block 36 Easwaran Kovil Street is classified under Commercial Class I Type - I land classification.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for stamp duty and registration fee would be Rs 3,96,000.

Which Sub Registrar Office covers this street?

The Erode Joint I Sub Registrar Office covers Block 36 Easwaran Kovil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.