Guideline Value for Block 2 Perundurai Road

Block 2 Perundurai Road guideline value

The current guideline value of Block 2 Perundurai Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO, classified as Commercial Class I Type - I.

How the guideline value of Block 2 Perundurai Road has changed

The guideline value for Block 2 Perundurai Road has undergone several revisions over the years. In 2012, the value was set at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,000 per sq.ft, marking a rise of 49%. The latest revision in 2024 raised the guideline value to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that have a guideline value for 2024, ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which indicates that Block 2 Perundurai Road's 2024 guideline value is above this median.

• Block 30 Chennimalai Road: Rs 825 per sq.ft (2024)
• Block 2 Chinnamuthu Street 1 Main Road: Rs 2,750 per sq.ft (2024)
• Block 2 Brough Road: Rs 6,600 per sq.ft (2024)
• Block 30 Manal Medu: Rs 771 per sq.ft (2024)
• Block 30 Muthukumarasamy Street: Rs 1,100 per sq.ft (2024)
• Block 30 Perumal kadu: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 2 Perundurai Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block 2 Perundurai Road?

The Sub Registrar Office that covers Block 2 Perundurai 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Ward B. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a fair value as per the government regulations.

When buying or selling property, the guideline value serves as a benchmark for assessing the value of the property being transferred. This helps in maintaining transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Block 2 Perundurai Road?

The current guideline value of Block 2 Perundurai Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2012 value at Rs 4,000 per sq.ft, dropping to Rs 2,680 per sq.ft in 2017, and then increasing to Rs 4,000 per sq.ft in 2023. The latest revision in 2024 brought it to Rs 4,400 per sq.ft.

What is the land classification for Block 2 Perundurai Road?

Block 2 Perundurai Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find information about stamp duty and registration fees?

You can find detailed information about stamp duty and registration fees on the official website, and also use the stamp duty and registration fee calculator for specific calculations.

Which Sub Registrar Office covers this area?

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