Guideline Value for Block 6 Valluvar Street (Naladiyar Street)

Block 6 Valluvar Street (Naladiyar Street) guideline value

The current guideline value for Block 6 Valluvar Street (Naladiyar Street) is Rs 771 per sq.ft. This street is located in Ward E village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 6 Valluvar Street (Naladiyar Street) has changed

The guideline value for Block 6 Valluvar Street has seen several revisions over the years. In 2002, the value was Rs 294 per sq.ft, which increased to Rs 333 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 400 per sq.ft in 2007, reflecting a 20% increase. By 2012, the value reached Rs 500 per sq.ft, an increase of 25%. However, there was a decline to Rs 335 per sq.ft in 2017, which was a decrease of 33%. The value significantly increased to Rs 700 per sq.ft in 2023, showing a 109% rise, and the most recent revision in 2024 set the value at Rs 771 per sq.ft, a 10% increase.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 162%.

Guideline values in Ward E

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

• Block 6 South Valluvar Street (Sambandhar Street): Rs 825 per sq.ft (2024)
• Block 6 Vannara Street (Porkai Pandiyan Street): Rs 771 per sq.ft (2024)
• Block 6 Sivasanmugam Pillai Street: Rs 2,750 per sq.ft (2024)
• Block 7 Angamuthu Pillai Street: Rs 771 per sq.ft (2024)
• Block 6 Poondhurai Road: Rs 1,650 per sq.ft (2024)
• Block 7 Azath Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 Valluvar Street (Naladiyar 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 amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, making the total fees together 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 details.

Which Sub Registrar Office covers Block 6 Valluvar Street (Naladiyar Street)?

The Sub Registrar Office that covers Block 6 Valluvar Street (Naladiyar 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 the property registration process in Ward E. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This ensures compliance with local regulations and helps in the smooth transfer of property ownership.

Frequently asked questions

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

The current guideline value for Block 6 Valluvar Street (Naladiyar 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 from Rs 294 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 162% over the years.

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

Block 6 Valluvar Street (Naladiyar Street) is classified as Residential Class III Type - I.

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

The Sub Registrar Office for Block 6 Valluvar 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 properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 69,390.