Guideline Value for Block 8 Vanniya Kula Chatriyar Street OR Rangarajan Street OR Karikalan Street

Block 8 Vanniya Kula Chatriyar Street OR Rangarajan Street OR Karikalan Street guideline value

The current guideline value for Block 8 Vanniya Kula Chatriyar Street OR Rangarajan Street OR Karikalan Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 8 Vanniya Kula Chatriyar Street OR Rangarajan Street OR Karikalan Street has changed

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, there was a decrease to Rs 335 per sq.ft in 2017. From 2017 to 2023, the value surged to Rs 700 per sq.ft, marking a 109% increase. The most recent revision in 2024 set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 8 Vanniya Kula Chatriyar Street OR Rangarajan Street OR Karikalan Street is below this median.

• Block 8 Thottakkara Street: Rs 770 per sq.ft (2024)
• Block 9 Arasilango Street: Rs 770 per sq.ft (2024)
• Block 8 Sekkilar Street: Rs 770 per sq.ft (2024)
• Block 8 Periya Mariamman Kovil Street: Rs 770 per sq.ft (2024)
• Block 8 Patchiappa Lane: Rs 770 per sq.ft (2024)
• Block 8 New Cauvery Road Lane: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 8 Vanniya Kula Chatriyar Street OR Rangarajan Street OR Karikalan Street

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that 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.

Which Sub Registrar Office covers Block 8 Vanniya Kula Chatriyar Street OR Rangarajan Street OR Karikalan Street?

The Sub Registrar Office that covers Block 8 Vanniya Kula Chatriyar Street OR Rangarajan Street OR Karikalan 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 D

The guideline value is a crucial factor when registering property transactions in Ward D. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Block 8 Vanniya Kula Chatriyar Street OR Rangarajan Street OR Karikalan Street?

The current guideline value for Block 8 Vanniya Kula Chatriyar Street OR Rangarajan Street OR Karikalan Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What is the registration office for this street?

The registration office for Block 8 Vanniya Kula Chatriyar Street OR Rangarajan Street OR Karikalan Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

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

For a property valued at the current guideline value of Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.