Guideline Value for Block 18 Poosari Gounder Street

Block 18 Poosari Gounder Street guideline value

The current guideline value of Block 18 Poosari Gounder Street 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 and falls under the Residential Class II Type - I land classification.

How the guideline value of Block 18 Poosari Gounder Street has changed

The guideline value for Block 18 Poosari Gounder Street has seen several revisions over the years. In 2002, the guideline value was Rs 233 per sq.ft, which increased to Rs 262 per sq.ft in 2003. Following that, the value rose to Rs 400 per sq.ft in 2007, then to Rs 1,000 per sq.ft in 2012. However, there was a decrease to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision. Overall, from 2002 to 2024, the guideline value has increased by 372%.

The changes between the revisions include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 150% increase from 2007 to 2012, a 53% increase from 2003 to 2007, and a 12% increase from 2002 to 2003. There are no figures available for any other revisions for this street.

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 for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value for Block 18 Poosari Gounder Street.

• Block 18 N.G.G.O.Colony Street 1 to 8: Rs 1,100 per sq.ft (2024)
• Block 18 S.K.C.Road (or) Street: Rs 1,100 per sq.ft (2024)
• Block 18 Marappa Gounder Street T.S.89: Rs 1,100 per sq.ft (2024)
• Block 18 Marappa Gounder Street T.S.80: Rs 1,100 per sq.ft (2024)
• Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14: Rs 1,100 per sq.ft (2024)
• Block 17 S.K.Chenniappa Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 18 Poosari Gounder Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 Poosari Gounder Street?

The Sub Registrar Office that covers Block 18 Poosari Gounder 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 details.

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

The guideline value is a crucial factor when registering property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the property's value as per the government's assessment. This value is essential for both buyers and sellers to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Block 18 Poosari Gounder Street?

The current guideline value of Block 18 Poosari Gounder Street 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 multiple times, starting from Rs 233 per sq.ft in 2002 and reaching Rs 1,100 per sq.ft in 2024. Notable changes include a decrease from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, followed by an increase to Rs 1,100 per sq.ft in 2024.

What is the median guideline value in Ward B?

The median guideline value in Ward B is Rs 1,100 per sq.ft, which is the same as the current guideline value for Block 18 Poosari Gounder Street.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Block 18 Poosari Gounder Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.