Guideline Value for Block 4 Vaiyapuri Sandhu

Block 4 Vaiyapuri Sandhu guideline value

The current guideline value of Block 4 Vaiyapuri Sandhu 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 and is classified as Residential Class III Type - I.

How the guideline value of Block 4 Vaiyapuri Sandhu has changed

The guideline value for Block 4 Vaiyapuri Sandhu has seen several revisions over the years. The earliest available figure is from 2003, where it was Rs 167 per sq.ft. It then increased to Rs 250 per sq.ft in 2007, followed by a rise to Rs 500 per sq.ft in 2012. However, the value decreased to Rs 335 per sq.ft in 2017. The most recent figures show a significant increase, with the value rising to Rs 700 per sq.ft in 2023 and then to Rs 770 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 361%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Ward D

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

• Block 4 Vaikkal Marappalam Road: Rs 771 per sq.ft (2024)
• Block 4 Thoppai ya Lane: 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 Sekkizhar Street: Rs 770 per sq.ft (2024)
• Block 5 Chinna Mariamman Koil Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Vaiyapuri Sandhu

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 be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees together to Rs 69,300. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 4 Vaiyapuri Sandhu?

The Sub Registrar Office that covers Block 4 Vaiyapuri Sandhu 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 details.

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

The guideline value is a crucial factor when registering property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the correct fees are applied. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Block 4 Vaiyapuri Sandhu?

The current guideline value of Block 4 Vaiyapuri Sandhu 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 167 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, showing an overall increase of 361% over the years.

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

For a property valued at 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 registrations for Block 4 Vaiyapuri Sandhu?

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

What is the significance of the guideline value?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring a standardized approach to property valuation in Ward D.