Guideline Value for Block 26 Perumpallam Huts

Block 26 Perumpallam Huts guideline value

The current guideline value for Block 26 Perumpallam Huts is Rs 825 per sq.ft, effective from 1 July 2024. This property 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 26 Perumpallam Huts has changed

The guideline value for Block 26 Perumpallam Huts has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which decreased to Rs 502 per sq.ft in 2017. Following this, the value increased significantly to Rs 750 per sq.ft in 2023, and then to Rs 825 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2012 revision to the 2024 revision shows a 10% increase, highlighting the fluctuations in the property values over the years. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value for this area is Rs 825 per sq.ft, which is equal to the current value for Block 26 Perumpallam Huts.

• Block 26 Muthu Kumarasamy Street: Rs 1,100 per sq.ft (2024)
• Block 26 Poondhurai Road: Rs 1,100 per sq.ft (2024)
• Block 26 Sathankaruku 1 2 3: Rs 771 per sq.ft (2024)
• Block 27 Mettur Road (or) E.V. Nanjappa Road: Rs 1,650 per sq.ft (2024)
• Block 25 Thanga Perumal Pillai Street: Rs 825 per sq.ft (2024)
• Block 27 Periyar Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Block 26 Perumpallam Huts

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Block 26 Perumpallam Huts?

The Sub Registrar Office that covers Block 26 Perumpallam Huts 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 critical factor during the registration process when buying or selling property in Ward E. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the fees, ensuring that both the buyer and seller are aware of the costs involved. It is essential to refer to the latest guideline values to ensure accurate calculations during property transactions.

Frequently asked questions

What is the current guideline value for Block 26 Perumpallam Huts?

The current guideline value for Block 26 Perumpallam Huts 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 from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the land classification for Block 26 Perumpallam Huts?

Block 26 Perumpallam Huts is classified as Residential Class II Type - II.

Which office handles registrations for properties in this area?

The Erode Joint I Sub Registrar Office handles registrations for properties in Block 26 Perumpallam Huts, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

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, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 57,750.