Guideline Value for Block 10 Poosari Chennimalai Street 1 to 5

Block 10 Poosari Chennimalai Street 1 to 5 guideline value

The current guideline value for Block 10 Poosari Chennimalai Street 1 to 5 is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 10 Poosari Chennimalai Street 1 to 5 has changed

The guideline value for Block 10 Poosari Chennimalai Street 1 to 5 has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, followed by another increase to Rs 1,100 per sq.ft in the 2024 revision, representing a 10% rise.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value for Block 10 Poosari Chennimalai Street 1 to 5.

• Block 10 O.A.Ramasamy Street: Rs 1,650 per sq.ft (2024)
• Block 10 Varatharajan Street: Rs 1,100 per sq.ft (2024)
• Block 10 N.G.G.O.Colony Road 1 to 8: Rs 1,100 per sq.ft (2024)
• Block 11 50 feet Road: Rs 1,100 per sq.ft (2024)
• Block 10 Muthukaruppa Street: Rs 1,650 per sq.ft (2024)
• Block 11 Gandhi Nagar Road: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Block 10 Poosari Chennimalai Street 1 to 5

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 10 Poosari Chennimalai Street 1 to 5?

The Block 10 Poosari Chennimalai Street 1 to 5 falls under 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 B

The guideline value is a crucial factor when buying or selling property in Ward B. It serves as a benchmark for determining the stamp duty and registration fees applicable at the time of registration.

When a property is sold, the guideline value is used to calculate the charges, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value for Block 10 Poosari Chennimalai Street 1 to 5?

The current guideline value for Block 10 Poosari Chennimalai Street 1 to 5 is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the stamp duty for property in this area?

The stamp duty for property in Block 10 Poosari Chennimalai Street 1 to 5 is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Erode Joint I Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for this street?

Block 10 Poosari Chennimalai Street 1 to 5 is classified as Residential Class II Type - I.