Guideline Value for Block 23 Poyyaerikarai Huts

Block 23 Poyyaerikarai Huts guideline value

The current guideline value for Block 23 Poyyaerikarai Huts is Rs 771 per sq.ft. This property is located in Ward E village under the Erode Joint I SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Block 23 Poyyaerikarai Huts has changed

The guideline value for Block 23 Poyyaerikarai Huts has seen significant changes over the years. In 2002, the guideline value was Rs 109 per sq.ft, which increased to Rs 124 per sq.ft in 2003, marking a 14% rise. The value continued to rise to Rs 200 per sq.ft in 2007, reflecting a 61% increase. By 2012, the guideline value reached Rs 300 per sq.ft, which was a 50% increase from the previous revision. The 2017 revision saw a further increase to Rs 335 per sq.ft, a 12% rise from 2012. The most substantial change occurred between 2017 and 2023, where the guideline value jumped to Rs 700 per sq.ft, representing a 109% increase. The latest revision in 2024 sets the guideline value at Rs 771 per sq.ft, reflecting a 10% increase from 2023.

The register has no figure for this street for the years not mentioned in the revisions above.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO 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. The guideline value for Block 23 Poyyaerikarai Huts is below this median.

• Block 23 Poyyaerikkarai: Rs 771 per sq.ft (2024)
• Block 23 Mettur Road: Rs 2,750 per sq.ft (2024)
• Block 23 Kulathu Palayam: Rs 771 per sq.ft (2024)
• Block 23 Kaliyankadu Huts: Rs 771 per sq.ft (2024)
• Block 23 Housing Unit (Periyar Nagar): Rs 2,200 per sq.ft (2024)
• Block 24 Easwaran Pillai Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 23 Poyyaerikarai Huts

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the 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, totaling Rs 69,390. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 23 Poyyaerikarai Huts?

The Sub Registrar Office that covers Block 23 Poyyaerikarai Huts is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the 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 is an essential reference for property transactions in Ward E. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers should be aware that the guideline value can influence the overall costs involved in the transaction.

When registering a property, the guideline value serves as the baseline for calculating the stamp duty and registration fees. It is crucial for buyers to understand that these charges are based on the higher of the guideline value or the sale price, ensuring that they are prepared for the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for Block 23 Poyyaerikarai Huts?

The current guideline value for Block 23 Poyyaerikarai 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 significantly from Rs 109 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, showing an overall increase of 607% over this period.

What is the land classification for Block 23 Poyyaerikarai Huts?

Block 23 Poyyaerikarai Huts is classified as Residential Class III Type - I, indicating its designated use for residential purposes.

Where can I find the registration office for this property?

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

How is the 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, a property with a guideline value of Rs 7,71,000 would incur a stamp duty of Rs 53,970 at the current rate of 7%.