Guideline Value for Block 1 Patchiamman Koil St

Block 1 Patchiamman Koil St guideline value

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

How the guideline value of Block 1 Patchiamman Koil St has changed

The guideline value for Block 1 Patchiamman Koil St has seen several revisions over the years. In 2003, the value was Rs 190 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The value then rose to Rs 500 per sq.ft in 2012, but saw a decrease to Rs 335 per sq.ft in 2017. Following this, the value significantly increased to Rs 700 per sq.ft in 2023, and currently stands at Rs 771 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002.

From 2017 to 2023, the guideline value increased by 109%. There was a decrease of 33% from 2012 to 2017, while the increase from 2007 to 2012 was 67%. The value rose by 58% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 306%.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 1 Patchiamman Koil St is below that median.

• Block 1 Pachiamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 1 RajaGopal Thottam: Rs 771 per sq.ft (2024)
• Block 1 Royal Lay out: Rs 771 per sq.ft (2024)
• Block 1 Maniyar Thottam: Rs 771 per sq.ft (2024)
• Block 1 Vandiuran Kovil Street: Rs 771 per sq.ft (2024)
• Block 1 Krishnan Street: Rs 772 per sq.ft (2024)

Stamp duty and registration fee for property in Block 1 Patchiamman Koil St

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 69,390. 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 information.

Which Sub Registrar Office covers Block 1 Patchiamman Koil St?

The Sub Registrar Office that covers Block 1 Patchiamman Koil St 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 further assistance.

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

The guideline value is a crucial factor during property registration in Ward C. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per the government's standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Block 1 Patchiamman Koil St?

The current guideline value of Block 1 Patchiamman Koil St 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 from Rs 190 per sq.ft in 2003 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 306% over this period.

What is the land classification for Block 1 Patchiamman Koil St?

Block 1 Patchiamman Koil St falls under the Residential Class III Type - I land classification.

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

The Erode Joint I Sub Registrar Office, which covers Block 1 Patchiamman Koil St, is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees amount to Rs 69,390.