Guideline Value for Block 5 E.M.Balasubramaniam Road

Block 5 E.M.Balasubramaniam Road guideline value

The current guideline value for Block 5 E.M.Balasubramaniam Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This road is located in Ward A village under the Erode Joint I SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Block 5 E.M.Balasubramaniam Road has changed

The guideline value for Block 5 E.M.Balasubramaniam Road has seen several changes over the years. In 2002, the guideline value was Rs 105 per sq.ft, which increased significantly to Rs 461 per sq.ft in 2003, marking a change of +339%. Following that, in 2007, the value rose to Rs 500 per sq.ft, a change of +8%. The value then saw a substantial increase to Rs 1,000 per sq.ft in 2012, reflecting a +100% change. However, it decreased to Rs 670 per sq.ft in 2017, showing a decline of -33%. The guideline value then increased to Rs 1,000 per sq.ft in 2023, followed by the current value of Rs 1,100 per sq.ft in 2024, which is a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +948%. There are no figures available for revisions in the years not listed.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 5 E.M.Balasubramaniam Road is below this median.

• Block 4 State Bank Colony: Rs 1,375 per sq.ft (2024)
• Block 4 R.K.Venkatasamy Nagar & Colony: Rs 1,375 per sq.ft (2024)
• Block 4 Pudhumai Colony: Rs 770 per sq.ft (2024)
• Block 5 Thirunagar Colony: Rs 2,200 per sq.ft (2024)
• Block 5 Thirunagar Colony Road No.1,2: Rs 2,200 per sq.ft (2024)
• Block 4 Madhavakadu: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 5 E.M.Balasubramaniam Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 5 E.M.Balasubramaniam Road?

The Sub Registrar Office that covers Block 5 E.M.Balasubramaniam Road 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 A

The guideline value is a critical factor in the registration process when buying or selling property in Ward A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that all transactions are fairly assessed based on the prevailing guideline values.

Frequently asked questions

What is the current guideline value for Block 5 E.M.Balasubramaniam Road?

The current guideline value for Block 5 E.M.Balasubramaniam Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 105 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of +948% over the years.

What is the stamp duty for property in Block 5 E.M.Balasubramaniam Road?

The stamp duty for property in Block 5 E.M.Balasubramaniam Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office covering Block 5 E.M.Balasubramaniam Road is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the guideline value determined for properties in Ward A?

The guideline value for properties in Ward A is determined based on various factors, including land classification and the values set in the guideline value register by the Registration Department.