Guideline Value for Block 6 South Valluvar Street (Sambandhar Street

Block 6 South Valluvar Street (Sambandhar Street guideline value

The current guideline value of Block 6 South Valluvar Street (Sambandhar Street) is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward E village and falls under the Erode Joint I SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Block 6 South Valluvar Street (Sambandhar Street has changed

The guideline value for Block 6 South Valluvar Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 217 per sq.ft. This increased to Rs 246 per sq.ft in 2003, marking a change of +13%. The value continued to rise significantly to Rs 600 per sq.ft in 2007, which was an increase of +144%. In 2012, the guideline value was Rs 750 per sq.ft, reflecting a decrease of -33% from the previous revision. The 2017 revision set the value at Rs 502 per sq.ft, which was a +49% increase from 2012. The most recent revisions include Rs 750 per sq.ft in 2023 and Rs 825 per sq.ft in 2024, showing a change of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +280%. Notably, there are no figures available for revisions in years other than those listed.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value is Rs 825 per sq.ft, which means that the 2024 figure for Block 6 South Valluvar Street aligns with this median.

• Block 6 Sivasanmugam Pillai Street: Rs 2,750 per sq.ft (2024)
• Block 6 Valluvar Street (Naladiyar Street): Rs 771 per sq.ft (2024)
• Block 6 Poondhurai Road: Rs 1,650 per sq.ft (2024)
• Block 6 Vannara Street (Porkai Pandiyan Street): Rs 771 per sq.ft (2024)
• Block 6 New Street: Rs 771 per sq.ft (2024)
• Block 7 Angamuthu Pillai Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 South Valluvar Street (Sambandhar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 6 South Valluvar Street (Sambandhar Street?

The Sub Registrar Office that covers Block 6 South Valluvar 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 more information.

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

The guideline value is a crucial factor in property transactions within Ward E. It serves as a benchmark for determining the stamp duty and registration fees when a property is bought or sold. The guideline value is set by the Registration Department and is periodically revised to reflect market conditions.

When registering a property, buyers should be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the registration process is aligned with the current valuation of the property.

Frequently asked questions

What is the current guideline value for Block 6 South Valluvar Street (Sambandhar Street)?

The current guideline value for Block 6 South Valluvar Street (Sambandhar Street) is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 217 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of +280% over the years.

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

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which office handles registrations for this street?

The Erode Joint I Sub Registrar Office handles registrations for Block 6 South Valluvar Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 6 South Valluvar Street?

The land classification for Block 6 South Valluvar Street is Residential Class II Type - II.