Guideline Value for Block 7 Uppukinar Street

Block 7 Uppukinar Street guideline value

The current guideline value of Block 7 Uppukinar 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 is classified as Residential Class III Type - I.

How the guideline value of Block 7 Uppukinar Street has changed

Over the years, the guideline value for Block 7 Uppukinar Street has seen several revisions. The earliest recorded value in 2002 was Rs 250 per sq.ft. This figure increased to Rs 283 per sq.ft in 2003, marking a 13% rise. In 2007, the value further increased to Rs 350 per sq.ft, which was a 24% increase from the previous revision. The 2012 revision saw a decrease to Rs 500 per sq.ft, reflecting a decline of 33%. However, the value surged to Rs 335 per sq.ft in 2017, which was a significant increase of 109% compared to 2012. The most recent revisions saw the value rise to Rs 700 per sq.ft in 2023 and then to Rs 771 per sq.ft in 2024, indicating a 10% increase.

There are no figures available for the years not mentioned in this register for Block 7 Uppukinar Street.

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 value for these streets is Rs 825 per sq.ft, which means that Block 7 Uppukinar Street's current value is below this median.

• Block 7 Pzhallakkara Street (Seedhakadhi Street): Rs 1,100 per sq.ft (2024)
• Block 7 Oppanakara Street (Kundhavai Street): Rs 771 per sq.ft (2024)
• Block 8 Court Street (Periyar Street) Part-1: Rs 1,100 per sq.ft (2024)
• Block 8 Cutcheri Street: Rs 1,650 per sq.ft (2024)
• Block 7 Nethaji Street: Rs 1,925 per sq.ft (2024)
• Block 8 East Okkiliyar Street (Kambar Street): Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 7 Uppukinar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to 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 charges Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees.

Which Sub Registrar Office covers Block 7 Uppukinar Street?

The Sub Registrar Office that covers Block 7 Uppukinar Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the 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 when buying or selling property in Ward E, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable during the transaction.

When you register a property, the guideline value ensures that the transaction is documented at a fair price, which helps maintain transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Block 7 Uppukinar Street?

The current guideline value of Block 7 Uppukinar 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 several times, starting from Rs 250 per sq.ft in 2002 and reaching Rs 771 per sq.ft in 2024, reflecting various increases and one decrease over the years.

What is the land classification for Block 7 Uppukinar Street?

Block 7 Uppukinar 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 7 Uppukinar Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is stamp duty calculated for properties in Block 7 Uppukinar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970 at a rate of 7%.