Guideline Value for Block 18 Poondhurai Road

Block 18 Poondhurai Road guideline value

The current guideline value for Block 18 Poondhurai Road is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward E village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 18 Poondhurai Road has changed

The guideline value for Block 18 Poondhurai Road has undergone several revisions over the years. In 2002, the guideline value was Rs 288 per sq.ft, which increased to Rs 326 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 350 per sq.ft in 2007, reflecting a +7% increase. By 2012, the value further increased to Rs 500 per sq.ft, showing a +43% change. However, the value decreased to Rs 335 per sq.ft in 2017, indicating a -33% change. The most recent revision in 2023 set the value at Rs 700 per sq.ft, which then increased to Rs 771 per sq.ft in 2024, a change of +10%.

Overall, from 2002 to 2024, the guideline value for Block 18 Poondhurai Road has increased by +168%. There are no figures available for the revisions in the years not listed in the register for this street.

Guideline values in Ward E

In Ward E, there are 196 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 for these streets is Rs 825 per sq.ft, placing Block 18 Poondhurai Road's 2024 figure below that median.

• Block 18 Railway Colony Road: Rs 771 per sq.ft (2024)
• Block 18 Railway Station Road: Rs 1,650 per sq.ft (2024)
• Block 19 Balasubba Rayalu Naidu Street: Rs 825 per sq.ft (2024)
• Block 19 East Pattakarar Street: Rs 1,100 per sq.ft (2024)
• Block 17 Venkitaraman Street: Rs 771 per sq.ft (2024)
• Block 17 Srinivasa Mudhaliar Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 18 Poondhurai Road

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total costs together to Rs 69,390. 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 more information.

Which Sub Registrar Office covers Block 18 Poondhurai Road?

The Sub Registrar Office that covers Block 18 Poondhurai Road 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 E

The guideline value plays a crucial role in the registration process when buying or selling property in Ward E. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it helps in estimating the overall costs involved in property transactions. It ensures that all parties are informed about the financial commitments required for the registration of property in the area.

Frequently asked questions

What is the current guideline value for Block 18 Poondhurai Road?

The current guideline value for Block 18 Poondhurai Road is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 288 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, representing an overall increase of +168% over the years.

What are the other streets in Ward E with their guideline values?

Other streets in Ward E include Block 18 Railway Colony Road at Rs 771 per sq.ft, Block 18 Railway Station Road at Rs 1,650 per sq.ft, and Block 19 Balasubba Rayalu Naidu Street at Rs 825 per sq.ft, among others.

What are the stamp duty and registration fees for property in Block 18 Poondhurai Road?

For a 1,000 sq.ft property, the total guideline value is Rs 7,71,000. The stamp duty would be Rs 53,970, and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which office handles the registration for properties in Block 18 Poondhurai Road?

The Erode Joint I Sub Registrar Office handles the registration for properties in Block 18 Poondhurai Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.