Guideline Value for Block 4 Thoppai ya Lane

Block 4 Thoppai ya Lane guideline value

The current guideline value of Block 4 Thoppai ya Lane is Rs 770 per sq.ft, effective from 1 July 2024. This street 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 Thoppai ya Lane has changed

The guideline value for Block 4 Thoppai ya Lane has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 212 per sq.ft. It increased to Rs 250 per sq.ft in 2007, then to Rs 500 per sq.ft in 2012. However, it decreased to Rs 335 per sq.ft in 2017. The most significant increase occurred between 2017 and 2023, where the value jumped to Rs 700 per sq.ft, marking a 109% rise. The latest revision in 2024 set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there is no figure available for Block 4 Thoppai ya Lane in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 263%.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 798 per sq.ft, making the guideline value of Block 4 Thoppai ya Lane below this median.

• Block 4 Vaikkal Marappalam Road: Rs 771 per sq.ft (2024)
• Block 4 Vaiyapuri Sandhu: Rs 770 per sq.ft (2024)
• Block 4 Sekkizhar Street: Rs 770 per sq.ft (2024)
• Block 5 Arasilango Street: Rs 770 per sq.ft (2024)
• Block 5 Arumugam Street: Rs 771 per sq.ft (2024)
• Block 4 Parasuraman Lane: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Thoppai ya Lane

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

Which Sub Registrar Office covers Block 4 Thoppai ya Lane?

The Sub Registrar Office that covers Block 4 Thoppai ya 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 is a crucial factor during the registration of property transactions in Ward D. It determines the minimum value at which a property can be registered, affecting the stamp duty and registration fees payable by the buyer.

When purchasing property, the guideline value serves as a benchmark for taxation purposes. Buyers should be aware that the duty is charged based on the higher value between the guideline and sale price, ensuring proper compliance with local regulations.

Frequently asked questions

What is the current guideline value for Block 4 Thoppai ya Lane?

The current guideline value for Block 4 Thoppai ya 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 significantly from Rs 212 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, showing a total increase of 263% over the years.

What is the stamp duty for properties in Block 4 Thoppai ya Lane?

The stamp duty for properties in Block 4 Thoppai ya Lane is 7% of the guideline value. For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900.

Which office handles registrations for Block 4 Thoppai ya Lane?

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

What is the land classification for Block 4 Thoppai ya Lane?

Block 4 Thoppai ya Lane is classified as Residential Class III Type - I, which is relevant for determining the guideline value and property usage.