Guideline Value for Block 7 Angamuthu Pillai Street

Block 7 Angamuthu Pillai Street guideline value

The current guideline value of Block 7 Angamuthu Pillai Street is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Block 7 Angamuthu Pillai Street has changed

Over the years, the guideline value of Block 7 Angamuthu Pillai Street has seen several revisions. The earliest recorded figure is Rs 250 per sq.ft from 2002, which increased to Rs 283 per sq.ft in 2003, marking a change of +13%. In 2007, the value rose to Rs 350 per sq.ft, a change of +24%. The 2012 revision saw a decrease to Rs 500 per sq.ft, reflecting a -33% change. However, from 2017, the value jumped to Rs 335 per sq.ft, which was a +109% increase. The guideline value further increased to Rs 700 per sq.ft in 2023, before reaching the current value of Rs 771 per sq.ft in 2024, which is a +10% change.

There are no figures available for the revisions in years other than those mentioned. The overall change from 2002 to 2024 shows an increase of +208% in the guideline value.

Guideline values in Ward E

In Ward E, there are 196 streets that have a guideline value for 2024, ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value of Block 7 Angamuthu Pillai Street is below this median.

• Block 7 Azath Street: Rs 825 per sq.ft (2024)
• Block 6 Vannara Street (Porkai Pandiyan Street): Rs 771 per sq.ft (2024)
• Block 6 Valluvar Street (Naladiyar Street): Rs 771 per sq.ft (2024)
• Block 6 South Valluvar Street (Sambandhar Street): Rs 825 per sq.ft (2024)
• Block 6 Sivasanmugam Pillai Street: Rs 2,750 per sq.ft (2024)
• Block 7 Court Street (or) Periyar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 7 Angamuthu Pillai Street

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the 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, making the total Rs 69,390. It is important to note that the 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 7 Angamuthu Pillai Street?

The Sub Registrar Office that covers Block 7 Angamuthu Pillai 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Block 7 Angamuthu Pillai Street?

The current guideline value of Block 7 Angamuthu Pillai Street is Rs 771 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +208%.

What is the land classification for Block 7 Angamuthu Pillai Street?

Block 7 Angamuthu Pillai Street is classified as Residential Class III Type - I.

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

The Sub Registrar Office covering Block 7 Angamuthu Pillai Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,71,000, the total fees would amount to Rs 69,390.