Guideline Value for Block 37 Annaji Street

Block 37 Annaji Street guideline value

The current guideline value for Block 37 Annaji 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 37 Annaji Street has changed

The guideline value for Block 37 Annaji Street has undergone several revisions since 2002. The register shows the following figures: in 2002, the value was Rs 958 per sq.ft, which increased to Rs 1,073 per sq.ft in 2003, marking a 12% rise. This was followed by a significant increase to Rs 2,000 per sq.ft in 2007, reflecting an 86% change. The value then rose to Rs 3,000 per sq.ft in 2012, which was a 50% increase. However, it saw a decrease to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rebounded to Rs 3,000 per sq.ft in 2023 and finally reached Rs 3,300 per sq.ft in 2024, indicating a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 244%. The register does not contain figures for revisions in any other years for this street.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 37 Annaji Street's 2024 figure above that median.

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

Stamp duty and registration fee for property in Block 37 Annaji 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 be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, together amounting to Rs 2,97,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Block 37 Annaji Street?

The Sub Registrar Office covering Block 37 Annaji 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

The guideline value is a crucial factor in property transactions within Ward C. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during registration.

When a property is sold, the guideline value is used to calculate the applicable taxes. This ensures that both parties are aware of the financial implications of the transaction, as the duty is charged on the higher of the guideline value and the sale price.

Frequently asked questions

What is the current guideline value for Block 37 Annaji Street?

The current guideline value for Block 37 Annaji 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 a total increase of 244% over the years.

What is the land classification for Block 37 Annaji Street?

Block 37 Annaji Street is classified as Commercial Class I Type - II, which indicates its zoning for commercial use.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Block 37 Annaji Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in Block 37 Annaji Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.