Guideline Value for Block 2 Pachiannan Street

Block 2 Pachiannan Street guideline value

The current guideline value of Block 2 Pachiannan Street is Rs 771 per sq.ft. 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 Pachiannan Street has changed

The guideline value for Block 2 Pachiannan Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 186 per sq.ft. It 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, which is an increase of +44%. In 2012, it further increased to Rs 500 per sq.ft, showing a +67% change. However, the value dropped to Rs 335 per sq.ft in 2017, reflecting a decrease of -33%. The guideline value saw a significant rise to Rs 700 per sq.ft in 2023, which was a +109% increase. The most recent revision in 2024 set the value at Rs 771 per sq.ft, a change of +10% from the previous year.

There are no figures available for any other revisions for this street. Overall, from 2002 to 2024, the guideline value has increased by +315%.

Guideline values in Ward C

In Ward C, there are 250 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 1,375 per sq.ft, which means that the 2024 figure for Block 2 Pachiannan Street is below this median.

• Block 2 Pachiamman Street 1,2: Rs 771 per sq.ft (2024)
• Block 2 RajaGopal Garden: Rs 771 per sq.ft (2024)
• Block 2 Krishnan Street: Rs 772 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 Pachiannan Street

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, while the registration fee at 2% would be Rs 15,420. Together, the total fee would be Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Block 2 Pachiannan Street?

The Sub Registrar Office that covers Block 2 Pachiannan 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 information.

How the guideline value is used when you buy or sell in Ward C

The guideline value is a critical factor when registering property transactions in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and tax purposes. It is advisable for buyers and sellers to be aware of the current guideline value to understand their financial obligations during registration.

Frequently asked questions

What is the current guideline value of Block 2 Pachiannan Street?

The current guideline value of Block 2 Pachiannan Street 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, reflecting an overall increase of +315% over the years.

Where is Block 2 Pachiannan Street located?

Block 2 Pachiannan Street is located in Ward C village under the Erode Joint I SRO in Tamil Nadu.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft property, the total fee would be Rs 69,390 based on the current guideline value.

Which office handles the registration of properties in Block 2 Pachiannan Street?

The registration of properties in Block 2 Pachiannan Street is handled by the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.