Guideline Value for Block 25 Poondhurai Road

Block 25 Poondhurai Road guideline value

The current guideline value of Block 25 Poondhurai Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Ward E village under the Erode Joint I SRO, classified as Residential Class I Type - II.

How the guideline value of Block 25 Poondhurai Road has changed

The guideline value for Block 25 Poondhurai Road has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 289 per sq.ft. This value increased to Rs 327 per sq.ft in 2003, marking a change of +13%. The 2007 revision saw a significant rise to Rs 400 per sq.ft, an increase of +22%. Following this, the value jumped to Rs 1,500 per sq.ft in 2012, reflecting a substantial increase of +275%. However, it decreased to Rs 1,005 per sq.ft in 2017, a decline of -33%. In 2023, the guideline value rose again to Rs 1,500 per sq.ft, and the most recent revision in 2024 has set it at Rs 1,650 per sq.ft, representing a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +471%. The register has no figure for the years between 2012 and 2017 for this street.

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. The median value for these streets is Rs 825 per sq.ft, placing Block 25 Poondhurai Road's 2024 figure above this median.

• Block 25 Pattakarar Street: Rs 1,100 per sq.ft (2024)
• Block 25 Old Railway Station Road: Rs 771 per sq.ft (2024)
• Block 25 Municipal Lane Huts: Rs 771 per sq.ft (2024)
• Block 25 Shek Dhavudh Street: Rs 1,100 per sq.ft (2024)
• Block 25 Mosikeeranar Street: Rs 771 per sq.ft (2024)
• Block 25 Thanga Perumal Pillai Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Poondhurai Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 16,50,000. The stamp duty is charged at 7%, amounting to Rs 1,15,500, and the registration fee is charged at 2%, which is Rs 33,000. Together, the total cost for these fees is Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 25 Poondhurai Road?

The Sub Registrar Office that covers Block 25 Poondhurai Road 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 a crucial factor when registering property transactions in Ward E. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official rate set by the government. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Block 25 Poondhurai Road?

The current guideline value of Block 25 Poondhurai Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 289 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, marking an overall increase of +471% over this period.

What is the land classification for Block 25 Poondhurai Road?

Block 25 Poondhurai Road is classified as Residential Class I Type - II.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 1,48,500, based on the current guideline value of Rs 16,50,000.

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

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