Guideline Value for Block 2 Pumbing Station Road 1 to 4 Main Road

Block 2 Pumbing Station Road 1 to 4 Main Road guideline value

The current guideline value of Block 2 Pumbing Station Road 1 to 4 Main Road is Rs 825 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO and is classified as Residential Class II Type - II.

How the guideline value of Block 2 Pumbing Station Road 1 to 4 Main Road has changed

The guideline value for Block 2 Pumbing Station Road 1 to 4 Main Road has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 750 per sq.ft. This figure changed to Rs 502 per sq.ft in 2017, marking a decrease of 33%. In 2023, the value increased to Rs 750 per sq.ft, and in the latest revision of 2024, it rose to Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for this street in the years 2002, 2003, and 2007. The overall change from the 2012 revision to the 2024 revision is an increase of 10%.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, indicating that the 2024 figure for Block 2 Pumbing Station Road 1 to 4 Main Road is below this median.

• Block 2 Samiyappa Street 1,2,3 Main Road: Rs 770 per sq.ft (2024)
• Block 2 Thirunagar Colony: Rs 2,200 per sq.ft (2024)
• Block 3 Arumuga Street T.S.50: Rs 771 per sq.ft (2024)
• Block 3 Chinnappa Layout 1 2: Rs 825 per sq.ft (2024)
• Block 3 Chinnappa Layout Huts: Rs 770 per sq.ft (2024)
• Block 3 Krishnampalayam Harijan Colony: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 2 Pumbing Station Road 1 to 4 Main 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, while the registration fee at 2% would be Rs 16,500, leading to a total cost of Rs 74,250. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Block 2 Pumbing Station Road 1 to 4 Main Road?

The Sub Registrar Office that covers Block 2 Pumbing Station Road 1 to 4 Main 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 A

The guideline value plays a crucial role in the registration process of property transactions in Ward A. It is used to determine the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers should be aware that these values can impact the overall cost of purchasing property in the area.

Frequently asked questions

What is the current guideline value of Block 2 Pumbing Station Road 1 to 4 Main Road?

The current guideline value of Block 2 Pumbing Station Road 1 to 4 Main 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 from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the median guideline value in Ward A?

The median guideline value in Ward A is Rs 1,375 per sq.ft, which means the 2024 figure for Block 2 Pumbing Station Road 1 to 4 Main Road is below this median.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 8,25,000, resulting in a stamp duty of Rs 57,750 and a registration fee of Rs 16,500, totaling Rs 74,250.

Which office handles property registrations for this street?

The Erode Joint I Sub Registrar Office is responsible for property registrations for Block 2 Pumbing Station Road 1 to 4 Main Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.