Guideline Value for Block 19 East Pattakarar Street

Block 19 East Pattakarar Street guideline value

The current guideline value for Block 19 East Pattakarar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 19 East Pattakarar Street has changed

The guideline value for Block 19 East Pattakarar Street has undergone several revisions over the years. The earliest recorded revision in the register is from 2002, with a guideline value of Rs 289 per sq.ft. This figure increased to Rs 327 per sq.ft in 2003, marking a 13% rise. The value further rose to Rs 350 per sq.ft in 2007, which is a 7% increase. In 2012, the value experienced a significant jump to Rs 1,000 per sq.ft, representing a 186% increase. However, the value then decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The guideline value saw a substantial increase to Rs 1,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 1,100 per sq.ft, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 281%. The register has no figures for the years between 2012 and 2017 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, with a median value of Rs 825 per sq.ft. The guideline value for Block 19 East Pattakarar Street is above this median.

• Block 19 Jeevandham Road Main Road: Rs 1,100 per sq.ft (2024)
• Block 19 Balasubba Rayalu Naidu Street: Rs 825 per sq.ft (2024)
• Block 19 Kadhar Moideen Lane: Rs 771 per sq.ft (2024)
• Block 19 Kadhar Moideen street: Rs 771 per sq.ft (2024)
• Block 18 Railway Station Road: Rs 1,650 per sq.ft (2024)
• Block 18 Railway Colony Road: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 East Pattakarar 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, making the total cost Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 19 East Pattakarar Street?

The Sub Registrar Office that covers Block 19 East Pattakarar Street 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 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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Block 19 East Pattakarar Street?

The current guideline value for Block 19 East Pattakarar 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, increasing from Rs 289 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, marking a total increase of 281% over the years.

What is the land classification for Block 19 East Pattakarar Street?

Block 19 East Pattakarar Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for a property 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.

Which office handles the registration for properties in this area?

The registration for properties in Block 19 East Pattakarar Street is handled by the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.