Guideline Value for Block 9 Thoppaiya Street

Block 9 Thoppaiya Street guideline value

The current guideline value of Block 9 Thoppaiya 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 and falls under the Residential Class III Type - I land classification.

How the guideline value of Block 9 Thoppaiya Street has changed

The guideline value for Block 9 Thoppaiya Street has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 272 per sq.ft. This increased to Rs 350 per sq.ft in 2007, then to Rs 500 per sq.ft in 2012. However, there was a decrease to Rs 335 per sq.ft in 2017. The value then rose significantly to Rs 700 per sq.ft in 2023, and the latest revision in 2024 sets it at Rs 770 per sq.ft. The register has no figure for this street in 2002.

From 2017 to 2023, the guideline value increased by 109%, while from 2012 to 2017, it decreased by 33%. The jump from 2023 to 2024 reflects a 10% increase. Overall, from 2003 to 2024, the guideline value has increased by 183%.

Guideline values in Ward D

In Ward D, the guideline values range from Rs 770 to Rs 7,700 per sq.ft as per the 2024 revision, with a median value of Rs 798 per sq.ft. The guideline value of Block 9 Thoppaiya Street is below this median.

• Block 9 Thottakara Street: Rs 770 per sq.ft (2024)
• Block 9 Sekkilar Street: Rs 770 per sq.ft (2024)
• Block 9 Periyamariamman Kovil Street: Rs 770 per sq.ft (2024)
• Block 9 Palani Sandhu: Rs 770 per sq.ft (2024)
• Block 9 Muthukaruppan Sandhu: Rs 770 per sq.ft (2024)
• Block 9 Kumanan Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 9 Thoppaiya Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,70,000. The stamp duty at 7% amounts to Rs 53,900, and the registration fee at 2% is Rs 15,400, totaling Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 9 Thoppaiya Street?

The Sub Registrar Office that covers Block 9 Thoppaiya 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 critical factor in property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Block 9 Thoppaiya Street?

The current guideline value of Block 9 Thoppaiya 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 272 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, showing an overall increase of 183% over the years.

What is the median guideline value in Ward D?

The median guideline value in Ward D is Rs 798 per sq.ft, while Block 9 Thoppaiya Street's 2024 value is below this median.

What are the stamp duty and registration fees for a property in Block 9 Thoppaiya Street?

The stamp duty for a property valued at Rs 7,70,000 is Rs 53,900, and the registration fee is Rs 15,400, totaling Rs 69,300.

Which office handles the registration for Block 9 Thoppaiya Street?

The Erode Joint I Sub Registrar Office handles the registration for Block 9 Thoppaiya Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.