Guideline Value for Block 4 E.V.Nanjappa Road

Block 4 E.V.Nanjappa Road guideline value

The current guideline value of Block 4 E.V.Nanjappa Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO, and it falls under the Commercial Class I Type - II land classification.

How the guideline value of Block 4 E.V.Nanjappa Road has changed

Since the 2002 revision, the guideline value for Block 4 E.V.Nanjappa Road has seen significant changes. The 2002 revision set the value at Rs 670 per sq.ft, which increased to Rs 751 per sq.ft in 2003, marking a 12% rise. The value continued to climb, reaching Rs 1,500 per sq.ft in 2007, reflecting a 100% increase. The 2012 revision saw a decrease to Rs 3,000 per sq.ft, a drop of 33%. However, this was followed by a substantial increase to Rs 2,010 per sq.ft in 2017, which was a 49% rise. The guideline value then rose to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in the 2024 revision, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 393%. The register has no figures for the years not mentioned in the revisions above.

Guideline values in Ward B

In Ward B, a total of 170 streets fall under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Block 4 E.V.Nanjappa Road above this median.

• Block 4 Brough Road: Rs 6,600 per sq.ft (2024)
• Block 4 Muthusamy Sandu: Rs 1,100 per sq.ft (2024)
• Block 4 Pavadai Street: Rs 1,100 per sq.ft (2024)
• Block 3 Ramasamy Street: Rs 1,650 per sq.ft (2024)
• Block 3 Perundurai Road: Rs 4,400 per sq.ft (2024)
• Block 3 Palaniappa Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 E.V.Nanjappa Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total 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, bringing the total 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 4 E.V.Nanjappa Road?

The Sub Registrar Office that covers Block 4 E.V.Nanjappa Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for buying or selling property in Ward B. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value is used to determine the applicable fees, which can significantly affect the overall transaction cost. Buyers and sellers should be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Block 4 E.V.Nanjappa Road?

The current guideline value of Block 4 E.V.Nanjappa Road 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 significantly from Rs 670 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 393% over the years.

What is the land classification for Block 4 E.V.Nanjappa Road?

Block 4 E.V.Nanjappa Road is classified as Commercial Class I Type - II land, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

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

The Erode Joint I Sub Registrar Office, which covers Block 4 E.V.Nanjappa Road, is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009. You can find your SRO online for more information.