Guideline Value for Block 25 Pattakarar Street

Block 25 Pattakarar Street guideline value

The current guideline value of Block 25 Pattakarar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Block 25 Pattakarar Street has changed

Since the 2002 revision, the guideline value has seen significant changes. The value started at Rs 288 per sq.ft in 2002 and increased to Rs 326 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 400 per sq.ft in 2007, which was a 23% increase from the previous revision. In 2012, the value was Rs 1,000 per sq.ft, reflecting a substantial 150% increase from 2007. However, it decreased to Rs 670 per sq.ft in 2017, showing a decline of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, a rise of 49%, before reaching the current figure of Rs 1,100 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 282%. The register has no figure for the years not mentioned in this summary.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with the median being Rs 825 per sq.ft. The guideline value of Block 25 Pattakarar Street is above this median.

• Block 25 Old Railway Station Road: Rs 771 per sq.ft (2024)
• Block 25 Poondhurai Road: Rs 1,650 per sq.ft (2024)
• Block 25 Municipal Lane Huts: Rs 771 per sq.ft (2024)
• Block 25 Mosikeeranar Street: Rs 771 per sq.ft (2024)
• Block 25 Shek Dhavudh Street: Rs 1,100 per sq.ft (2024)
• Block 25 Manickam Theatre Road: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Pattakarar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that 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 25 Pattakarar Street?

The Sub Registrar Office that covers Block 25 Pattakarar 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 during property registration in Ward E. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is essential for calculating stamp duty and registration fees, which are mandatory during the property transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and transparently. It helps in establishing a fair value for the property, which is particularly important for both buyers and sellers during negotiations.

Frequently asked questions

What is the current guideline value of Block 25 Pattakarar Street?

The current guideline value of Block 25 Pattakarar Street is Rs 1,100 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 288 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 282% over this period.

What is the land classification for Block 25 Pattakarar Street?

Block 25 Pattakarar Street is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Block 25 Pattakarar Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 11,00,000, with stamp duty and registration fees amounting to Rs 99,000.