Guideline Value for Block 21 Poyyerikkarai Street

Block 21 Poyyerikkarai Street guideline value

The current guideline value of Block 21 Poyyerikkarai Street is Rs 771 per sq.ft, effective from 1 July 2024. This street 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 Poyyerikkarai Street has changed

The guideline value for Block 21 Poyyerikkarai Street has seen several revisions over the years. The earliest recorded value is Rs 221 per sq.ft in 2002, which increased to Rs 250 per sq.ft in 2003, marking a 13% rise. Following this, the value rose to Rs 350 per sq.ft in 2007, a 40% increase. In 2012, the value was revised to Rs 500 per sq.ft, reflecting a 43% increase. However, it then decreased to Rs 335 per sq.ft in 2017, a 33% drop. The 2023 revision set the value at Rs 700 per sq.ft, which was a significant increase of 109% from the 2017 figure. The current value of Rs 771 per sq.ft in 2024 represents a 10% increase from the previous year.

There are no figures available for any other revisions for this street. Overall, from 2002 to 2024, the guideline value has increased by 249%.

Guideline values in Ward E

In Ward E, there are 196 streets that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. Block 21 Poyyerikkarai Street's 2024 figure is below this median.

• Block 21 Perum Pallam Odai Huts: Rs 771 per sq.ft (2024)
• Block 21 Periyar Nagar: Rs 2,200 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 Poyyerikkarai Street

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, totaling Rs 69,390. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 21 Poyyerikkarai Street?

The Sub Registrar Office that covers Block 21 Poyyerikkarai 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 E

The guideline value plays a crucial role in the registration process when buying or selling property in Ward E. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is often referenced to ensure that the transaction is recorded accurately. This value helps maintain transparency in property transactions and ensures that the appropriate fees are collected based on the established rates.

Frequently asked questions

What is the current guideline value of Block 21 Poyyerikkarai Street?

The current guideline value of Block 21 Poyyerikkarai Street 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 from Rs 221 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 249%.

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

For a property valued at 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 property registration for this street?

The Erode Joint I Sub Registrar Office handles property registration for Block 21 Poyyerikkarai Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 21 Poyyerikkarai Street?

Block 21 Poyyerikkarai Street is classified as Residential Class III Type - I.