Guideline Value for Block 25 Thanga Perumal Pillai Street

Block 25 Thanga Perumal Pillai Street guideline value

The current guideline value of Block 25 Thanga Perumal Pillai Street is Rs 825 per sq.ft. This street is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class II Type - II.

How the guideline value of Block 25 Thanga Perumal Pillai Street has changed

Since the first recorded revision in 2002, the guideline value for Block 25 Thanga Perumal Pillai Street has seen several changes. The figures are as follows: in 2002, the value was Rs 374 per sq.ft, which increased to Rs 423 per sq.ft in 2003. In 2007, it rose to Rs 500 per sq.ft, and then increased to Rs 750 per sq.ft in 2012. However, it decreased to Rs 502 per sq.ft in 2017. Following this, the value jumped to Rs 750 per sq.ft in 2023, and most recently, it has increased to Rs 825 per sq.ft in 2024.

The changes between revisions are notable. From 2002 to 2003, the increase was +13%. The value rose by +18% from 2003 to 2007, followed by a significant +50% from 2007 to 2012. The value then decreased by -33% from 2012 to 2017. After that, it saw a substantial increase of +49% from 2017 to 2023. Finally, the current revision from 2023 to 2024 reflects a +10% increase.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value. The values range from Rs 770 to Rs 6,600 per sq.ft, with the median being Rs 825 per sq.ft. Block 25 Thanga Perumal Pillai Street's 2024 figure aligns with this median.

• Block 25 Shek Dhavudh Street: Rs 1,100 per sq.ft (2024)
• Block 25 Poondhurai Road: Rs 1,650 per sq.ft (2024)
• 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 Mosikeeranar Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Thanga Perumal Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty charged at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500. Together, the total cost for these fees would be Rs 74,250. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 25 Thanga Perumal Pillai Street?

The Sub Registrar Office that covers Block 25 Thanga Perumal Pillai 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 is a crucial factor when registering property transactions in Ward E. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring compliance with local regulations.

When a buyer or seller engages in a transaction, the guideline value serves as a reference point. It is essential to be aware of the current guideline value to understand the financial implications of the transaction, including the associated fees.

Frequently asked questions

What is the current guideline value of Block 25 Thanga Perumal Pillai Street?

The current guideline value of Block 25 Thanga Perumal Pillai Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 374 per sq.ft in 2002 to the current value of Rs 825 per sq.ft in 2024, reflecting an overall increase of +121% since 2002.

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

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750, and the registration fee would be Rs 16,500, totaling Rs 74,250. These fees are based on the guideline value.

Where is the Sub Registrar Office for this street located?

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

What is the land classification of Block 25 Thanga Perumal Pillai Street?

Block 25 Thanga Perumal Pillai Street is classified as Residential Class II Type - II, which is important for understanding the land use and regulations in the area.