Guideline Value for Block 23 Pappathi Kadu

Block 23 Pappathi Kadu guideline value

The current guideline value for Block 23 Pappathi Kadu is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO, classified as Residential Class II Type - III.

How the guideline value of Block 23 Pappathi Kadu has changed

The guideline value for Block 23 Pappathi Kadu has undergone several revisions over the years. Starting from Rs 105 per sq.ft in 2002, it increased significantly to Rs 340 per sq.ft in 2003, marking a change of +224%. The value then rose to Rs 500 per sq.ft in 2007, which was an increase of +47%. Following this, the value saw another increase to Rs 600 per sq.ft in 2012, reflecting a +20% change. However, from 2012 to 2017, the value decreased to Rs 402 per sq.ft, a drop of -33%. The value rebounded to Rs 700 per sq.ft in 2023, and most recently, it has increased to Rs 771 per sq.ft in 2024, representing a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +634%. There are no figures available for the revisions in years other than those listed above.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 23 Pappathi Kadu is below this median.

• Block 23 Krishnasamy Street: Rs 825 per sq.ft (2024)
• Block 23 Thiru V.K.Road: Rs 1,100 per sq.ft (2024)
• Block 24 Chinnamuthu Street (Main Road) 1st Part: Rs 1,650 per sq.ft (2024)
• Block 23 Chinnamuthu Street 3 Main Road: Rs 1,100 per sq.ft (2024)
• Block 24 Krishnasamy Street: Rs 1,100 per sq.ft (2024)
• Block 22 Thiru V.K.Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 23 Pappathi Kadu

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, and the registration fee at 2% would be Rs 15,420, bringing the total to Rs 69,390. 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 23 Pappathi Kadu?

The Sub Registrar Office that covers Block 23 Pappathi Kadu 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 A

The guideline value is a crucial factor in the property registration process. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to determine the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures transparency and standardization in property transactions within the area.

Frequently asked questions

What is the current guideline value for Block 23 Pappathi Kadu?

The current guideline value for Block 23 Pappathi Kadu 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 105 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, showing a significant overall increase of +634% over the years.

What is the registration office for Block 23 Pappathi Kadu?

The registration office for Block 23 Pappathi Kadu is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

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

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

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.