Guideline Value for Block 22 Court Street (or) Periyar Street

Block 22 Court Street (or) Periyar Street guideline value

The current guideline value of Block 22 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 22 Court Street (or) Periyar Street has changed

The guideline value for Block 22 Court Street (or) Periyar Street has undergone several revisions over the years. In the 2002 revision, the value was Rs 692 per sq.ft. This increased to Rs 776 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 1,000 per sq.ft in 2007, showing a 29% increase. In 2012, the value was Rs 1,250 per sq.ft, reflecting a 25% increase from the previous revision. However, in 2017, the value decreased to Rs 837 per sq.ft, which was a 33% decline. The guideline value then increased significantly to Rs 1,250 per sq.ft in 2023, and finally to Rs 1,375 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 99%. The register has no figures for the years between 2012 and 2017 for this street.

Guideline values in Ward D

In Ward D, the guideline values for the 2024 revision range from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 22 Court Street (or) Periyar Street is above this median.

• Block 22 Kutcheri Street: Rs 1,375 per sq.ft (2024)
• Block 21 Vaniya Pillaiyar Street: Rs 825 per sq.ft (2024)
• Block 21 Vallaiyakara Street: Rs 1,100 per sq.ft (2024)
• Block 21 Thattara Mandapa Street: Rs 1,100 per sq.ft (2024)
• Block 22 North Muhamadhiyar Lane (or) Pari Street: Rs 1,100 per sq.ft (2024)
• Block 21 Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 22 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 be 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 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 calculations.

Which Sub Registrar Office covers Block 22 Court Street (or) Periyar Street?

The Sub Registrar Office that covers Block 22 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 crucial factor when buying or selling property in Ward D. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value may influence the final sale price, as it is used to calculate the stamp duty and registration fees.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Therefore, understanding the guideline value is essential for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Block 22 Court Street (or) Periyar Street?

The current guideline value of Block 22 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 multiple times, starting from Rs 692 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 99% over this period.

What is the land classification for Block 22 Court Street (or) Periyar Street?

Block 22 Court Street (or) Periyar Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Block 22 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.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,75,000, the stamp duty at 7% would be Rs 96,250.