Guideline Value for Block 18 Court Street (or) Periyar Street

Block 18 Court Street (or) Periyar Street guideline value

The current guideline value of Block 18 Court Street (or) Periyar Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Block 18 Court Street (or) Periyar Street has changed

The guideline value for Block 18 Court Street (or) Periyar Street has seen several revisions over the years. The earliest recorded figure is from 2002 at Rs 856 per sq.ft. This was followed by Rs 960 per sq.ft in 2003, an increase of 12%. In 2007, the value rose to Rs 1,000 per sq.ft, marking a 4% increase. The next revision in 2012 saw the value drop to Rs 1,250 per sq.ft, a decrease of 33%. In 2017, the value increased significantly to Rs 837 per sq.ft, and then in 2023, it was revised to Rs 1,250 per sq.ft. The latest revision in 2024 set the guideline value at Rs 1,375 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 61%. There are no revisions with figures missing for this street in the register.

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, with a median value of Rs 798 per sq.ft. The guideline value for Block 18 Court Street (or) Periyar Street is above this median.

• Block 18 Mandapam Street: Rs 1,375 per sq.ft (2024)
• Block 18 Agrahara Street: Rs 2,200 per sq.ft (2024)
• Block 18 Mandi Street (Pon Street): Rs 6,600 per sq.ft (2024)
• Block 18 Mariamman Kovil Street: Rs 1,100 per sq.ft (2024)
• Block 17 Valaiyakara Street: Rs 1,375 per sq.ft (2024)
• Block 18 Nethaji Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Block 18 Court Street (or) Periyar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,375 per sq.ft, the guideline value would be Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, making the total Rs 1,23,750. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Block 18 Court Street (or) Periyar Street?

The Sub Registrar Office that covers Block 18 Court Street (or) Periyar Street 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 information.

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

The guideline value is a crucial factor in the property registration process. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property in Ward D, the guideline value must be considered as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Block 18 Court Street (or) Periyar Street?

The current guideline value of Block 18 Court Street (or) Periyar Street is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 856 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, marking an overall increase of 61% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250, and the registration fee would be Rs 27,500, totaling Rs 1,23,750.

Which office handles property registrations for this street?

The Erode Joint I Sub Registrar Office handles property registrations for Block 18 Court Street (or) Periyar Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 18 Court Street (or) Periyar Street?

The land classification for Block 18 Court Street (or) Periyar Street is Residential Class I Type - III.