Guideline Value for Block 16 Pallapattiyar Thotta Huts

Block 16 Pallapattiyar Thotta Huts guideline value

The current guideline value for Block 16 Pallapattiyar Thotta Huts is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward C village under the Erode Joint I SRO and is classified as Residential Class III Type - II.

How the guideline value of Block 16 Pallapattiyar Thotta Huts has changed

The guideline value for Block 16 Pallapattiyar Thotta Huts has undergone several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 147 per sq.ft. This figure increased to Rs 200 per sq.ft in 2007, and then to Rs 500 per sq.ft in 2012. However, between 2012 and 2017, there was a decrease to Rs 335 per sq.ft. Following this, the value saw a significant increase to Rs 700 per sq.ft in 2023, and most recently, it has risen to Rs 770 per sq.ft in the 2024 revision.

Overall, the changes in guideline value reflect a notable increase from Rs 147 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, amounting to a total increase of 424%. The changes between specific revisions include a 36% increase from 2003 to 2007, a 150% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 109% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figure for this street in 2002.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that have 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 16 Pallapattiyar Thotta Huts is below this median.

• Block 16 New Masudi Street: Rs 2,750 per sq.ft (2024)
• Block 16 Municipal Higher Secondary School Street: Rs 1,100 per sq.ft (2024)
• Block 17 A.P.Thangavel Chettiar Street: Rs 2,750 per sq.ft (2024)
• Block 16 Kurangan Kuttai Kudisai: Rs 770 per sq.ft (2024)
• Block 16 Kurangan Kuttai: Rs 770 per sq.ft (2024)
• Block 17 Bhavani Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 16 Pallapattiyar Thotta Huts

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be 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 or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 16 Pallapattiyar Thotta Huts?

The Sub Registrar Office that covers Block 16 Pallapattiyar Thotta Huts 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 C

When buying or selling property in Ward C, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is set by the government and serves as a benchmark for property transactions, ensuring that the correct fees are applied during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value as it affects the overall cost of the transaction. Accurate knowledge of this value helps in understanding the financial implications of buying or selling property in the area.

Frequently asked questions

What is the current guideline value for Block 16 Pallapattiyar Thotta Huts?

The current guideline value for Block 16 Pallapattiyar Thotta Huts 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 147 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 424% over the years.

What is the land classification for Block 16 Pallapattiyar Thotta Huts?

Block 16 Pallapattiyar Thotta Huts is classified as Residential Class III Type - II.

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

The Sub Registrar Office for Block 16 Pallapattiyar Thotta Huts is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the stamp duty calculated for properties in Block 16 Pallapattiyar Thotta Huts?

Stamp duty is calculated at 7% of 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 stamp duty would amount to Rs 53,900.