Guideline Value for Block 1 Ponnusamy Theru

Block 1 Ponnusamy Theru guideline value

The current guideline value of Block 1 Ponnusamy Theru 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 is classified as Residential Class III Type - I.

How the guideline value of Block 1 Ponnusamy Theru has changed

The guideline value for Block 1 Ponnusamy Theru has seen several revisions over the years. The earliest recorded revision in 2003 set the guideline value at Rs 266 per sq.ft. This figure increased to Rs 350 per sq.ft in 2007, marking a growth of 32%. The value then rose to Rs 500 per sq.ft in 2012, which was an increase of 43%. However, the following revision in 2017 saw a significant drop to Rs 335 per sq.ft, a decrease of 33%. The value rebounded to Rs 700 per sq.ft in 2023, reflecting a substantial increase of 109%. The most recent revision in 2024 has set the guideline value at Rs 770 per sq.ft, showing a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 189%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Ward D

In Ward D, the guideline values for various streets 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 for Block 1 Ponnusamy Theru is below this median.

• Block 1 North Chinna Mariamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 20 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 20 Cutcheri Street: Rs 1,375 per sq.ft (2024)
• Block 1 Kuyilan Thoppu: Rs 771 per sq.ft (2024)
• Block 20 Kalamegam Street (or) West Muhamadhiar Street: Rs 1,100 per sq.ft (2024)
• Block 20 Navidhar Lane: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 1 Ponnusamy Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more calculations.

Which Sub Registrar Office covers Block 1 Ponnusamy Theru?

The Sub Registrar Office that covers Block 1 Ponnusamy Theru 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 D

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

When a buyer or seller engages in a property transaction, the guideline value is assessed to ensure that the appropriate fees are calculated. This ensures compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Block 1 Ponnusamy Theru?

The current guideline value of Block 1 Ponnusamy Theru 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 several times, starting from Rs 266 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 189% from 2003 to 2024.

What is the land classification for Block 1 Ponnusamy Theru?

Block 1 Ponnusamy Theru is classified as Residential Class III Type - I.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles the registration for Block 1 Ponnusamy Theru?

The Erode Joint I Sub Registrar Office handles the registration for Block 1 Ponnusamy Theru, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.