Guideline Value for Block 19 Poondhurai Road

Block 19 Poondhurai Road guideline value

The current guideline value of Block 19 Poondhurai Road is Rs 825 per sq.ft, effective from 1 July 2024. This property is located in Ward E village under the Erode Joint I SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Block 19 Poondhurai Road has changed

Over the years, the guideline value for Block 19 Poondhurai Road has undergone several revisions. In 2002, the guideline value was Rs 288 per sq.ft, which increased to Rs 326 per sq.ft in 2003, marking a 13% rise. The value continued to rise to Rs 350 per sq.ft in 2007, reflecting a 7% increase. By 2012, the value had significantly jumped to Rs 750 per sq.ft, showing a 114% increase. However, it then saw a decrease to Rs 502 per sq.ft in 2017, which was a 33% drop. The guideline value rose again to Rs 750 per sq.ft in 2023, before reaching the current value of Rs 825 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 186%. The register has no figures for the years not mentioned above.

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, which is equal to the guideline value of Block 19 Poondhurai Road.

• Block 19 Railway Station Road: Rs 1,375 per sq.ft (2024)
• Block 19 Shek Dhavudh Street: Rs 1,100 per sq.ft (2024)
• Block 19 Thanga Perumal Pillai Street: Rs 825 per sq.ft (2024)
• Block 19 Kadhar Moideen street: Rs 771 per sq.ft (2024)
• Block 19 Kadhar Moideen Lane: Rs 771 per sq.ft (2024)
• Block 1 Adhiyaman Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 Poondhurai Road

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, leading to a total of Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 19 Poondhurai Road?

The Sub Registrar Office that covers Block 19 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 serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Block 19 Poondhurai Road?

The current guideline value of Block 19 Poondhurai Road is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 288 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 186% over this period.

What is the stamp duty rate for properties in Block 19 Poondhurai Road?

The stamp duty rate for properties in Block 19 Poondhurai Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Block 19 Poondhurai Road located?

The Sub Registrar Office for Block 19 Poondhurai Road is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

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

Other streets in Ward E include Block 19 Railway Station Road, Block 19 Shek Dhavudh Street, Block 19 Thanga Perumal Pillai Street, Block 19 Kadhar Moideen street, Block 19 Kadhar Moideen Lane, and Block 1 Adhiyaman Street, each with their respective guideline values for 2024.