Guideline Value for Block 2 Pachiamman Street 1,2

Block 2 Pachiamman Street 1,2 guideline value

The current guideline value for Block 2 Pachiamman Street 1,2 is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 2 Pachiamman Street 1,2 has changed

The guideline value for Block 2 Pachiamman Street 1,2 has undergone several revisions since 2002. In 2002, the value was Rs 186 per sq.ft, which increased to Rs 209 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 300 per sq.ft in 2007, reflecting a +44% increase. In 2012, it saw a rise to Rs 500 per sq.ft, which was a +67% change. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, indicating a decline of -33%. The value then increased significantly to Rs 700 per sq.ft in 2023, a rise of +109%. The most recent revision in 2024 set the value at Rs 771 per sq.ft, which is a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +315%. There are no figures available for revisions in years other than those listed above.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, making the 2024 figure for Block 2 Pachiamman Street 1,2 below that median.

• Block 2 Pachiannan Street: Rs 771 per sq.ft (2024)
• Block 2 Krishnan Street: Rs 772 per sq.ft (2024)
• Block 2 RajaGopal Garden: Rs 771 per sq.ft (2024)
• Block 2 Ganapathipuram: Rs 825 per sq.ft (2024)
• Block 2 Chokkai Thottam: Rs 771 per sq.ft (2024)
• Block 2 Vinayakar Street 1,2: Rs 772 per sq.ft (2024)

Stamp duty and registration fee for property in Block 2 Pachiamman Street 1,2

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total fees to Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Block 2 Pachiamman Street 1,2?

The Sub Registrar Office that covers Block 2 Pachiamman Street 1,2 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 C

The guideline value plays a crucial role in the registration process when buying or selling property in Ward C. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the government.

When a property transaction occurs, the guideline value is used to determine the applicable fees. Buyers and sellers must be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value for Block 2 Pachiamman Street 1,2?

The current guideline value for Block 2 Pachiamman Street 1,2 is Rs 771 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 186 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, representing a total increase of +315% over the years.

What are the stamp duty and registration fees for property in Block 2 Pachiamman Street 1,2?

For a 1,000 sq.ft plot, the total guideline value would be Rs 7,71,000. The stamp duty would be Rs 53,970, and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which Sub Registrar Office covers this area?

The Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone, covers Block 2 Pachiamman Street 1,2.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It is essential for buyers and sellers to understand that these fees are based on the higher of the guideline value or the sale price.