Guideline Value for Block 37 Nethaji Street

Block 37 Nethaji Street guideline value

The current guideline value for Block 37 Nethaji 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 the land classification is Commercial Class I Type - I.

How the guideline value of Block 37 Nethaji Street has changed

The guideline value for Block 37 Nethaji Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 1,440 per sq.ft. In 2003, it increased to Rs 1,613 per sq.ft, marking a change of +12%. The value continued to rise, reaching Rs 2,000 per sq.ft in 2007, which was a +24% increase. The 2012 revision saw the value at Rs 4,000 per sq.ft, reflecting a significant +100% change from the previous revision. However, in 2017, it dropped to Rs 2,680 per sq.ft, indicating a -33% change. The guideline value then rose to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in 2024, which is a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +206%. There are no figures available for the revisions in years not listed for this street.

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 Block 37 Nethaji Street's 2024 figure above that median.

• Block 37 Muthurangam Street: Rs 3,300 per sq.ft (2024)
• Block 37 Pon Street: Rs 4,400 per sq.ft (2024)
• Block 37 Cutcheri Street: Rs 4,400 per sq.ft (2024)
• Block 37 Prakasham Street: Rs 3,300 per sq.ft (2024)
• Block 37 Annaji Street: Rs 3,300 per sq.ft (2024)
• Block 37 Sivashanmugam Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Block 37 Nethaji Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that 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 more information.

Which Sub Registrar Office covers Block 37 Nethaji Street?

The Sub Registrar Office that covers Block 37 Nethaji Street is 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 details.

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

The guideline value is a crucial factor during property registration in Ward C. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction. Buyers and sellers must consider the guideline value to ensure compliance with the local regulations.

When a property is bought or sold, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

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

The current guideline value for Block 37 Nethaji 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 through several revisions, from Rs 1,440 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +206%.

What is the land classification for Block 37 Nethaji Street?

The land classification for Block 37 Nethaji Street is Commercial Class I Type - I.

What are the other streets in Ward C with their guideline values?

Other streets in Ward C have varying guideline values, with Block 37 Pon Street and Block 37 Cutcheri Street both at Rs 4,400 per sq.ft, while other streets like Block 37 Muthurangam Street, Block 37 Prakasham Street, Block 37 Annaji Street, and Block 37 Sivashanmugam Street are at Rs 3,300 per sq.ft.

Where is the Sub Registrar Office for Block 37 Nethaji Street located?

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