Guideline Value for Block 23 Court Street (or) Periyar Street

Block 23 Court Street (or) Periyar Street guideline value

The current guideline value for Block 23 Court Street (or) Periyar Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This property 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 23 Court Street (or) Periyar Street has changed

Since the 2002 revision, the guideline value for Block 23 Court Street (or) Periyar Street has seen significant changes. In 2002, the value was Rs 691 per sq.ft, which increased to Rs 775 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 1,000 per sq.ft in 2007, reflecting a 29% increase. The 2012 revision saw the value drop to Rs 1,250 per sq.ft, a decrease of 25%. In 2017, the value increased to Rs 837 per sq.ft, and by 2023, it reached Rs 1,250 per sq.ft, indicating a 49% increase from 2017.

The most recent revision in 2024 set the guideline value at Rs 1,375 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 99%.

Guideline values in Ward D

In Ward D, there are 200 streets with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. Block 23 Court Street (or) Periyar Street's 2024 figure is above this median.

• Block 23 Agrahara Street: Rs 1,100 per sq.ft (2024)
• Block 22 WestMuhamadhiyarStreet(or)KalamegamStreet: Rs 1,100 per sq.ft (2024)
• Block 23 NedunSeralathan Theru: Rs 825 per sq.ft (2024)
• Block 23 New Agrahara Street: Rs 1,100 per sq.ft (2024)
• Block 22 SouthMuhamadhiyarStreet(or)OoriStreet: Rs 1,100 per sq.ft (2024)
• Block 23 Sathiya Moorthy Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 23 Court Street (or) Periyar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,375 per sq.ft, the 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, totaling Rs 1,23,750. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Block 23 Court Street (or) Periyar Street?

The Sub Registrar Office that covers Block 23 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 registering property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When you buy or sell property, the guideline value will be referenced to ensure that the appropriate taxes are collected. 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 23 Court Street (or) Periyar Street?

The current guideline value for Block 23 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 significantly from Rs 691 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, marking an overall increase of 99% over this period.

What is the land classification for Block 23 Court Street (or) Periyar Street?

Block 23 Court Street (or) Periyar Street is classified as Residential Class I Type - III.

Where is the Sub Registrar Office located for this street?

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

How is stamp duty calculated for properties in this area?

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