Guideline Value for Block 20 Periyapallam Huts

Block 20 Periyapallam Huts guideline value

The current guideline value for Block 20 Periyapallam Huts is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 20 Periyapallam Huts has changed

The guideline value for Block 20 Periyapallam Huts has seen significant changes over the years. In 2003, the guideline value was Rs 250 per sq.ft, which increased to Rs 350 per sq.ft in 2007, marking a 40% increase. The value then rose to Rs 400 per sq.ft in 2012, which was a 14% increase from the previous revision. However, it decreased to Rs 335 per sq.ft in 2017, a reduction of 16%. Following this, the value surged to Rs 700 per sq.ft in 2023, reflecting a 109% increase. The most recent revision in 2024 set the guideline value at Rs 771 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 208%. It is important to note that there is no figure available for the year 2002 for this street in the register.

Guideline values in Ward E

In Ward E, there are 196 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 for these streets is Rs 825 per sq.ft, placing the guideline value of Block 20 Periyapallam Huts below this median.

• Block 20 Pattakkar Street: Rs 1,100 per sq.ft (2024)
• Block 20 Poondurai Road: Rs 1,650 per sq.ft (2024)
• Block 20 Nethaji Road Part-1: Rs 1,375 per sq.ft (2024)
• Block 20 South Valluvar Street (Sambandar Street): Rs 771 per sq.ft (2024)
• Block 20 Vannara Street (Porkai Pandian Street): Rs 771 per sq.ft (2024)
• Block 20 Jeevanandham Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 20 Periyapallam Huts

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, bringing the total fees together 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. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Block 20 Periyapallam Huts?

Block 20 Periyapallam Huts falls under 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 E

The guideline value is a critical factor when registering property transactions in Ward E. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to determine the minimum value on which stamp duty is calculated. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 20 Periyapallam Huts?

The current guideline value for Block 20 Periyapallam Huts 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, increasing from Rs 250 per sq.ft in 2003 to Rs 771 per sq.ft in 2024, marking an overall increase of 208% over this period.

What is the stamp duty for property in Block 20 Periyapallam Huts?

The stamp duty for property in Block 20 Periyapallam Huts is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Erode Joint I Sub Registrar Office covers Block 20 Periyapallam Huts, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 20 Periyapallam Huts?

The land classification for Block 20 Periyapallam Huts is Residential Class III Type - I.