Guideline Value for Block 19 Thanga Perumal Pillai Street

Block 19 Thanga Perumal Pillai Street guideline value

The current guideline value for Block 19 Thanga Perumal Pillai Street is Rs 825 per sq.ft. This street is located in Ward E village under the Erode Joint I SRO, classified as Residential Class II Type - II.

How the guideline value of Block 19 Thanga Perumal Pillai Street has changed

The guideline value for Block 19 Thanga Perumal Pillai Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 359 per sq.ft. This increased to Rs 406 per sq.ft in 2003, marking a change of +13%. In 2007, the value rose to Rs 500 per sq.ft, a +23% increase. The 2012 revision saw a significant jump to Rs 750 per sq.ft, which was a +50% increase. However, in 2017, the value dropped to Rs 502 per sq.ft, reflecting a -33% change. The next revision in 2023 brought the value back up to Rs 750 per sq.ft, and finally, the current value from the 2024 revision is Rs 825 per sq.ft, representing a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +130%. Notably, the register has no figures recorded for revisions in years other than those specified.

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 guideline value is Rs 825 per sq.ft, which is equal to the current value for Block 19 Thanga Perumal Pillai Street.

• Block 19 Shek Dhavudh Street: Rs 1,100 per sq.ft (2024)
• Block 19 Railway Station Road: Rs 1,375 per sq.ft (2024)
• Block 19 Poondhurai Road: Rs 825 per sq.ft (2024)
• Block 1 Adhiyaman Street: Rs 825 per sq.ft (2024)
• Block 1 Brough Road Main Road Part 1: Rs 6,600 per sq.ft (2024)
• Block 19 Kadhar Moideen street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 Thanga Perumal Pillai Street

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

Which Sub Registrar Office covers Block 19 Thanga Perumal Pillai Street?

The Sub Registrar Office that covers Block 19 Thanga Perumal Pillai 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 E

When buying or selling property in Ward E, the guideline value is a critical factor in determining the registration fees and stamp duty. The value is used to calculate the total costs involved in the transaction, ensuring that both parties are aware of the financial implications.

At the time of registration, the guideline value serves as a benchmark for the property’s value, which must be adhered to during the sale process. This ensures transparency and compliance with local regulations in property transactions.

Frequently asked questions

What is the current guideline value for Block 19 Thanga Perumal Pillai Street?

The current guideline value for Block 19 Thanga Perumal Pillai Street is Rs 825 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 359 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of +130% over the years.

What is the classification of Block 19 Thanga Perumal Pillai Street?

Block 19 Thanga Perumal Pillai Street is classified as Residential Class II Type - II.

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

The Sub Registrar Office for Block 19 Thanga Perumal Pillai Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for property in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 at a rate of 7%.