Guideline Value for Block 20 Court Street (or) Periyar Street

Block 20 Court Street (or) Periyar Street guideline value

The current guideline value of Block 20 Court Street (or) Periyar Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Block 20 Court Street (or) Periyar Street has changed

The guideline value for Block 20 Court Street (or) Periyar Street has undergone several revisions over the years. In 2002, the guideline value was Rs 691 per sq.ft, which increased to Rs 775 per sq.ft in 2003, marking a 12% rise. Following this, the value rose to Rs 1,000 per sq.ft in 2007, reflecting a 29% increase. The 2012 revision saw the value remain at Rs 1,250 per sq.ft, which was a decrease of 33% from the previous revision. The value then increased to Rs 837 per sq.ft in 2017, a 49% increase. The most recent revisions show the value at Rs 1,250 per sq.ft in 2023, followed by an increase to Rs 1,375 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 99%. There are no figures listed for the years not mentioned in the revisions.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO, with guideline values for 2024 ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value is Rs 798 per sq.ft, placing the 2024 figure for Block 20 Court Street (or) Periyar Street above this median.

• Block 20 Cutcheri Street: Rs 1,375 per sq.ft (2024)
• Block 20 KalamegamStreet (or) WestMuhamadhiarStreet: Rs 1,100 per sq.ft (2024)
• Block 1 Ponnusamy Theru: Rs 770 per sq.ft (2024)
• Block 20 Navidhar Lane: Rs 771 per sq.ft (2024)
• Block 20 Neduncheralathan Street: Rs 825 per sq.ft (2024)
• Block 1 North Chinna Mariamman Kovil Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 20 Court Street (or) Periyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value amounts to Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, totaling Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 20 Court Street (or) Periyar Street?

The Sub Registrar Office that covers Block 20 Court Street (or) Periyar Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical figure used during the registration process of property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps both buyers and sellers understand the minimum value at which the property can be registered. This value is essential for calculating the applicable fees and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Block 20 Court Street (or) Periyar Street?

The current guideline value of Block 20 Court Street (or) Periyar Street is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, with an increase from Rs 691 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, marking an overall increase of 99%.

What is the median guideline value in Ward D?

The median guideline value in Ward D is Rs 798 per sq.ft for the year 2024, with Block 20 Court Street (or) Periyar Street's value being above this median.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 13,75,000, the total fees would be Rs 1,23,750.

Which office handles the registration for Block 20 Court Street (or) Periyar Street?

The registration for Block 20 Court Street (or) Periyar Street is handled by the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.