Guideline Value for Block 21 Court Street (or) Periyar Street

Block 21 Court Street (or) Periyar Street guideline value

The current guideline value for Block 21 Court Street (or) Periyar Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street 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 21 Court Street (or) Periyar Street has changed

The guideline value for Block 21 Court Street (or) Periyar Street has seen several revisions over the years. In 2002, the guideline value was Rs 692 per sq.ft, which increased to Rs 777 per sq.ft in 2003. Following this, the value rose to Rs 1,000 per sq.ft in 2007, and then to Rs 1,250 per sq.ft in 2012. However, there was a decrease to Rs 837 per sq.ft in 2017. The value then increased significantly to Rs 1,250 per sq.ft in 2023, and currently stands at Rs 1,375 per sq.ft as per the 2024 revision. The changes between these revisions are as follows: from 2002 to 2024, the overall increase is 99%, while the change from 2023 to 2024 is +10% and from 2017 to 2023 is +49%.

There are no figures available for revisions in the years not mentioned in the register for this street.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 798 per sq.ft, making the 2024 figure for Block 21 Court Street (or) Periyar Street above that median.

• Block 21 Anandha Narayanan Street: Rs 1,100 per sq.ft (2024)
• Block 21 Agrahara Street: Rs 1,375 per sq.ft (2024)
• Block 21 Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)
• Block 21 Thattara Mandapa Street: Rs 1,100 per sq.ft (2024)
• Block 20 Thattara Street (Mandapam Street): Rs 1,100 per sq.ft (2024)
• Block 21 Vallaiyakara Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 21 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 would be Rs 13,75,000. The stamp duty at 7% would amount to Rs 96,250, and the registration fee at 2% would be Rs 27,500, bringing the total to Rs 1,23,750. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 21 Court Street (or) Periyar Street?

The Sub Registrar Office covering Block 21 Court Street (or) Periyar Street 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 D

The guideline value is a critical factor when registering property in Ward D. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the authorities.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency in transactions and helps maintain a fair process in property dealings.

Frequently asked questions

What is the current guideline value for Block 21 Court Street (or) Periyar Street?

The current guideline value for Block 21 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?

The guideline value has changed from Rs 692 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 99% over the years.

What is the stamp duty rate for property in this area?

The stamp duty rate for property in Block 21 Court Street (or) Periyar Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Erode Joint I Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the median guideline value for streets in Ward D?

The median guideline value for streets in Ward D is Rs 798 per sq.ft, with Block 21 Court Street (or) Periyar Street's 2024 figure being above this median.