Guideline Value for Block 36 Thiruvenkata Street

Block 36 Thiruvenkata Street guideline value

The current guideline value of Block 36 Thiruvenkata 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, classified as Commercial Class I Type - II.

How the guideline value of Block 36 Thiruvenkata Street has changed

The guideline value of Block 36 Thiruvenkata Street has undergone several revisions over the years. In 2002, the value was Rs 1,200 per sq.ft, which increased to Rs 1,344 per sq.ft in 2003, marking a 12% rise. The value then saw a significant increase of 49% to Rs 2,000 per sq.ft in 2007. Following that, the value rose by 50% to Rs 3,000 per sq.ft in 2012. However, it decreased by 33% to Rs 2,010 per sq.ft in 2017. The value then increased by 49% to Rs 3,000 per sq.ft in 2023, and finally, it rose by 10% to the current value of Rs 3,300 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 175%. There are no figures available for revisions in years other than those 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, where the median value is Rs 1,375 per sq.ft. The guideline value of Block 36 Thiruvenkata Street is above this median.

• Block 36 Nethaji Road Part 1: Rs 2,750 per sq.ft (2024)
• Block 37 Annaji Street: Rs 3,300 per sq.ft (2024)
• Block 36 Muthuranga Street: Rs 3,300 per sq.ft (2024)
• Block 37 Cutcheri Street: Rs 4,400 per sq.ft (2024)
• Block 36 Easwaran Kovil Street: Rs 4,400 per sq.ft (2024)
• Block 37 Muthurangam Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Block 36 Thiruvenkata Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling 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 36 Thiruvenkata Street?

The Sub Registrar Office covering Block 36 Thiruvenkata 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 here.

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

The guideline value is a crucial factor during the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the financial obligations, ensuring that the appropriate fees are collected based on the established rates. This process is essential for maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Block 36 Thiruvenkata Street?

The current guideline value of Block 36 Thiruvenkata 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 1,200 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the stamp duty for properties in Block 36 Thiruvenkata Street?

The stamp duty for properties in Block 36 Thiruvenkata Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Block 36 Thiruvenkata Street located?

The Sub Registrar Office for Block 36 Thiruvenkata Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification of Block 36 Thiruvenkata Street?

Block 36 Thiruvenkata Street is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.