Guideline Value for Block 13 Poosari Kadu

Block 13 Poosari Kadu guideline value

The current guideline value of Block 13 Poosari Kadu is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under Ward B village and is classified as Residential Class II Type - I, governed by the Erode Joint I SRO.

How the guideline value of Block 13 Poosari Kadu has changed

The guideline value for Block 13 Poosari Kadu has seen several revisions over the years. In 2002, the value was Rs 310 per sq.ft, which increased to Rs 348 per sq.ft in 2003, marking a 12% rise. By 2007, the value further increased to Rs 400 per sq.ft, a change of 15%. The value then jumped significantly to Rs 1,000 per sq.ft in 2012, reflecting a 150% increase. However, it decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024, representing a 10% increase.

There are no figures available for the revisions in years other than those mentioned. The overall change from 2002 to 2024 shows an increase of 255% in the guideline value for this street.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO with 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 matches the current guideline value for Block 13 Poosari Kadu.

• Block 13 S.K.Chennimalai Street: Rs 1,100 per sq.ft (2024)
• Block 13 O.A.Ramasamy Street: Rs 1,650 per sq.ft (2024)
• Block 13 Varatharajan St: Rs 1,100 per sq.ft (2024)
• Block 13 Marappa Street 1,2,3: Rs 825 per sq.ft (2024)
• Block 14 E.V.Nanajappa Road: Rs 3,300 per sq.ft (2024)
• Block 14 Kalaimagal School Road: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 13 Poosari Kadu

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. The duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Block 13 Poosari Kadu?

The Sub Registrar Office that covers Block 13 Poosari Kadu 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 details.

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

The guideline value is an essential factor when registering property transactions in Ward B. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value will be referenced to calculate the applicable fees, ensuring compliance with local regulations. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 13 Poosari Kadu?

The current guideline value for Block 13 Poosari Kadu 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 310 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 255% over the years.

What is the land classification for Block 13 Poosari Kadu?

Block 13 Poosari Kadu is classified as Residential Class II Type - I.

Where is the Sub Registrar Office for this area located?

The Sub Registrar Office for Block 13 Poosari Kadu is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in Block 13 Poosari Kadu?

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 Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000, leading to a stamp duty of Rs 77,000.