Guideline Value for Block 21 Perum Pallam Odai Huts

Block 21 Perum Pallam Odai Huts guideline value

The current guideline value of Block 21 Perum Pallam Odai 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, classified as Residential Class III Type - I.

How the guideline value of Block 21 Perum Pallam Odai Huts has changed

The guideline value for Block 21 Perum Pallam Odai Huts has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 127 per sq.ft. This increased to Rs 144 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 200 per sq.ft in 2007, reflecting a +39% increase. In 2012, the value further increased to Rs 300 per sq.ft, which was a +50% change. The 2017 revision saw a significant jump to Rs 335 per sq.ft, resulting in a +12% increase. By the 2023 revision, the value reached Rs 700 per sq.ft, which was a substantial +109% increase from the previous revision. Finally, the current 2024 revision set the value at Rs 771 per sq.ft, marking a +10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by +507%. Notably, there are no figures available for revisions from years not listed in the register for this street.

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 value for these streets is Rs 825 per sq.ft, placing Block 21 Perum Pallam Odai Huts below that median.

• Block 21 Periyar Nagar: Rs 2,200 per sq.ft (2024)
• Block 21 Poyyerikkarai Street: Rs 771 per sq.ft (2024)
• Block 21 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 21 Vetnari Hospital Road: Rs 2,750 per sq.ft (2024)
• Block 21 Chidhambaranar Street: Rs 772 per sq.ft (2024)
• Block 22 Chithambaram Chettiar Colony: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 21 Perum Pallam Odai 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. Together, these fees would total Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 21 Perum Pallam Odai Huts?

The Sub Registrar Office that covers Block 21 Perum Pallam Odai Huts 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 E

When buying or selling property in Ward E, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a basis for calculating these fees, ensuring that they are standardized across different properties.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with the transaction. This value is regularly revised to reflect changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Block 21 Perum Pallam Odai Huts?

The current guideline value of Block 21 Perum Pallam Odai 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 increased from Rs 127 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting a total increase of +507% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 7,71,000. The stamp duty would be Rs 53,970 and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which office handles registrations for properties in this area?

The Erode Joint I Sub Registrar Office handles registrations for properties in Block 21 Perum Pallam Odai Huts, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the median guideline value in Ward E?

The median guideline value in Ward E is Rs 825 per sq.ft, with Block 21 Perum Pallam Odai Huts being below this median at Rs 771 per sq.ft.