Guideline Value for Block 5 Arumugam Street

Block 5 Arumugam Street guideline value

The current guideline value of Block 5 Arumugam Street is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Block 5 Arumugam Street has changed

The guideline value for Block 5 Arumugam Street has seen several revisions since 2002. In 2002, the value was Rs 149 per sq.ft, which increased to Rs 167 per sq.ft in 2003. Following this, the value rose significantly to Rs 250 per sq.ft in 2007, and then to Rs 600 per sq.ft in 2012. However, it decreased to Rs 402 per sq.ft in 2017. The value then increased to Rs 700 per sq.ft in 2023 and has now reached Rs 771 per sq.ft in the 2024 revision.

Between the revisions, the most notable changes include a 140% increase from 2007 to 2012, followed by a 33% decrease from 2012 to 2017. The value saw a substantial increase of 74% from 2017 to 2023, and a further increase of 10% from 2023 to 2024. The overall increase from 2002 to 2024 is 417%.

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 of Block 5 Arumugam Street is below this median.

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

Stamp duty and registration fee for property in Block 5 Arumugam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total fees to Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 5 Arumugam Street?

The Sub Registrar Office that covers Block 5 Arumugam 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 further assistance.

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

The guideline value is a critical factor when registering 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.

When you buy or sell property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of Block 5 Arumugam Street?

The current guideline value of Block 5 Arumugam Street is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times since 2002, with the most recent increase being from Rs 700 per sq.ft in 2023 to Rs 771 per sq.ft in 2024.

What is the land classification for Block 5 Arumugam Street?

Block 5 Arumugam Street is classified under Residential Class II Type - III.

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

The Sub Registrar Office for Block 5 Arumugam Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 53,970.