Guideline Value for Block 19 Court Street (or) Periyar Street

Block 19 Court Street (or) Periyar Street guideline value

The current guideline value of Block 19 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 is classified as Residential Class I Type - III.

How the guideline value of Block 19 Court Street (or) Periyar Street has changed

The guideline value for Block 19 Court Street (or) Periyar Street has undergone several revisions over the years. In 2002, the value was Rs 691 per sq.ft, which increased to Rs 775 per sq.ft in 2003. The value saw a significant rise to Rs 1,000 per sq.ft in 2007, followed by a further increase to Rs 1,250 per sq.ft in 2012. However, there was a decrease to Rs 837 per sq.ft in 2017. The value then rose to Rs 1,250 per sq.ft in 2023, culminating in the current rate of Rs 1,375 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The revision from 2023 to 2024 reflects a 10% increase. The overall change from 2002 to 2024 shows an increase of 99% in the guideline value for this street.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 798 per sq.ft, positioning Block 19 Court Street (or) Periyar Street above this median.

• Block 19 Court Street: Rs 1,375 per sq.ft (2024)
• Block 19 Cutcheri Street: Rs 1,375 per sq.ft (2024)
• Block 18 Valaiyakkara Street: Rs 1,375 per sq.ft (2024)
• Block 19 Mandapam Street: Rs 1,375 per sq.ft (2024)
• Block 19 Neducheralathan Street: Rs 771 per sq.ft (2024)
• Block 19 Nethaji Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 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, totaling 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 more details.

Which Sub Registrar Office covers Block 19 Court Street (or) Periyar Street?

The Sub Registrar Office that covers Block 19 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 registration process when buying or selling property in Ward D. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Block 19 Court Street?

The current guideline value of Block 19 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 changed from Rs 691 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 99% over the years.

What is the land classification for Block 19 Court Street?

Block 19 Court Street (or) Periyar Street is classified as Residential Class I Type - III.

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

The Erode Joint I Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250 at a rate of 7%.