Guideline Value for Block 38 Annaji Street

Block 38 Annaji Street guideline value

The current guideline value of Block 38 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 and is classified as Commercial Class I Type - II.

How the guideline value of Block 38 Annaji Street has changed

The guideline value of Block 38 Annaji Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 958 per sq.ft. This increased to Rs 1,073 per sq.ft in 2003, marking a rise of 12%. The value continued to rise, reaching Rs 2,000 per sq.ft in 2007, an increase of 86%. By 2012, the value was Rs 3,000 per sq.ft, reflecting a 50% increase from 2007. However, it then dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The value saw a significant rise again, reaching Rs 3,000 per sq.ft in 2023, followed by the current rate of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 244%. There are no figures available for revisions in years other than those listed above.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that carry 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 38 Annaji Street's current figure above the median.

• Block 37 Sivashanmugam Street: Rs 3,300 per sq.ft (2024)
• Block 38 Brough Road: Rs 5,500 per sq.ft (2024)
• Block 37 Prakasham Street: Rs 3,300 per sq.ft (2024)
• Block 38 Cutcheri Street: Rs 4,400 per sq.ft (2024)
• Block 37 Pon Street: Rs 4,400 per sq.ft (2024)
• Block 38 Muthurangam Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Block 38 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 amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 38 Annaji Street?

The Sub Registrar Office that covers Block 38 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 information.

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

The guideline value is a crucial factor in property transactions in Ward C. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When registering a property, the guideline value ensures that the transaction is recorded at a value recognized by the government. This helps maintain transparency in property dealings and ensures that appropriate taxes are collected based on the established guideline values.

Frequently asked questions

What is the current guideline value of Block 38 Annaji Street?

The current guideline value of Block 38 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, marking an overall increase of 244% over the years.

What is the land classification for Block 38 Annaji Street?

Block 38 Annaji Street is classified as Commercial Class I Type - II.

Where can I find the Sub Registrar Office for Block 38 Annaji Street?

The Erode Joint I Sub Registrar Office covers Block 38 Annaji Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in Block 38 Annaji Street?

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