Guideline Value for Block 9 A.P.Thangavel Road Main Road

Block 9 A.P.Thangavel Road Main Road guideline value

The current guideline value for Block 9 A.P.Thangavel Road Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO, classified as Commercial Class I Type - III.

How the guideline value of Block 9 A.P.Thangavel Road Main Road has changed

The guideline value for Block 9 A.P.Thangavel Road Main Road has seen significant changes over the years. In the 2002 revision, the rate was Rs 105 per sq.ft, which increased to Rs 520 per sq.ft in 2003, marking a substantial rise of 395%. The value continued to climb, reaching Rs 1,750 per sq.ft in 2007, a 237% increase from the previous rate. However, in the 2012 revision, the value dropped to Rs 2,500 per sq.ft, a decrease of 33% from 2007. The 2017 revision saw the rate rise again to Rs 1,675 per sq.ft, followed by a significant increase to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,519%. The register has no figures for any other years not mentioned in this summary.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 9 A.P.Thangavel Road Main Road is above this median.

• Block 9 Anna Nagar: Rs 1,925 per sq.ft (2024)
• Block 9 Chithambaram Park: Rs 2,750 per sq.ft (2024)
• Block 8 Thirunagar Colony Road No.1,2: Rs 2,200 per sq.ft (2024)
• Block 9 E.V.K.SampathRoad: Rs 2,750 per sq.ft (2024)
• Block 8 Pumpings Station Road Main Road: Rs 825 per sq.ft (2024)
• Block 9 Pudhusanthai Road (or) New Bus stand Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 9 A.P.Thangavel Road Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 9 A.P.Thangavel Road Main Road?

The Sub Registrar Office that covers Block 9 A.P.Thangavel Road Main Road 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 A

The guideline value is a crucial factor during the registration of property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value is assessed periodically, reflecting changes in the real estate market.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 9 A.P.Thangavel Road Main Road?

The current guideline value for Block 9 A.P.Thangavel Road Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 105 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 2,519% over this period.

What is the classification of the land in Block 9 A.P.Thangavel Road Main Road?

The land in Block 9 A.P.Thangavel Road Main Road is classified as Commercial Class I Type - III.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for this property?

The Erode Joint I Sub Registrar Office handles registrations for Block 9 A.P.Thangavel Road Main Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.