Guideline Value for Block 4 Ayyamperumal Lane

Block 4 Ayyamperumal Lane guideline value

The current guideline value of Block 4 Ayyamperumal Lane is Rs 770 per sq.ft. This property is located in Ward D village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 4 Ayyamperumal Lane has changed

The guideline value for Block 4 Ayyamperumal Lane has undergone several revisions over the years. In 2002, the value was Rs 148 per sq.ft, which increased to Rs 167 per sq.ft in 2003, marking a change of +13%. The value continued to rise, reaching Rs 250 per sq.ft in 2007, an increase of +50%. The next revision in 2012 saw a decline to Rs 500 per sq.ft, a drop of -33%. However, the value rebounded significantly to Rs 335 per sq.ft in 2017, representing a +109% increase. The most recent revisions show the value at Rs 700 per sq.ft in 2023, which increased to Rs 770 per sq.ft in 2024, a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +420%. The register has no figures for years other than those specified.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO with a 2024 guideline value range from Rs 770 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 798 per sq.ft, placing Block 4 Ayyamperumal Lane's 2024 figure below this median.

• Block 4 Arasilango Street: Rs 770 per sq.ft (2024)
• Block 3 Vaiyapuri Lane: Rs 770 per sq.ft (2024)
• Block 4 Cauvery Road: Rs 1,925 per sq.ft (2024)
• Block 3 Vaikkal Marappalam Road: Rs 771 per sq.ft (2024)
• Block 4 Chinna Mariamman Koil Street: Rs 770 per sq.ft (2024)
• Block 4 Kumanan Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Ayyamperumal Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees together to Rs 69,300. Please note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 4 Ayyamperumal Lane?

The Sub Registrar Office that covers Block 4 Ayyamperumal Lane 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 D

The guideline value plays a crucial role in property transactions in Ward D. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is referenced to calculate the applicable fees. If the sale price is higher than the guideline value, the duty is charged based on the sale price instead. This ensures that the registration process aligns with the current property valuation standards.

Frequently asked questions

What is the current guideline value of Block 4 Ayyamperumal Lane?

The current guideline value of Block 4 Ayyamperumal Lane is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 148 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, representing an overall increase of +420% over this period.

What are the stamp duty and registration fees for property in Block 4 Ayyamperumal Lane?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,70,000. The stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles the registration for Block 4 Ayyamperumal Lane?

The Erode Joint I Sub Registrar Office handles the registration for Block 4 Ayyamperumal Lane, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 4 Ayyamperumal Lane?

Block 4 Ayyamperumal Lane is classified as Residential Class III Type - I, indicating its suitability for residential development.