Guideline Value for Block 26 Poondhurai Road

Block 26 Poondhurai Road guideline value

The current guideline value for Block 26 Poondhurai Road 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, classified as Residential Class II Type - I.

How the guideline value of Block 26 Poondhurai Road has changed

The guideline value for Block 26 Poondhurai Road has undergone several revisions over the years. In 2002, the value was Rs 288 per sq.ft, which increased to Rs 326 per sq.ft in 2003, marking a 13% rise. By 2007, the value further increased to Rs 400 per sq.ft, reflecting a 23% change. The 2012 revision saw the value rise to Rs 1,000 per sq.ft, a significant 150% increase from the previous figure. However, in 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%.

In 2023, the guideline value was revised to Rs 1,000 per sq.ft, and then in 2024, it increased to Rs 1,100 per sq.ft, representing a 10% change. Overall, from 2002 to 2024, the guideline value has risen by 282%.

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 26 Poondhurai Road is above this median.

• Block 26 Perumpallam Huts: Rs 825 per sq.ft (2024)
• Block 26 Muthu Kumarasamy Street: 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 27 Periyar Nagar: Rs 2,200 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 26 Poondhurai Road

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, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 26 Poondhurai Road?

The Sub Registrar Office covering Block 26 Poondhurai Road 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

When buying or selling property in Ward E, the guideline value is used as a basis for calculating the stamp duty and registration fees. This ensures that the transaction is recorded accurately and legally, reflecting the current market standards as set by the local authorities.

The guideline value helps in determining the minimum value at which a property can be registered. It is crucial for both buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 26 Poondhurai Road?

The current guideline value for Block 26 Poondhurai Road 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 several times, starting from Rs 288 per sq.ft in 2002 and reaching Rs 1,100 per sq.ft in 2024, which is an overall increase of 282% since 2002.

What is the stamp duty rate for property in Block 26 Poondhurai Road?

The stamp duty rate for property transactions in Block 26 Poondhurai Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office for Block 26 Poondhurai Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What are the other streets in Ward E with their guideline values?

Other streets in Ward E include Block 26 Perumpallam Huts at Rs 825 per sq.ft, Block 26 Muthu Kumarasamy Street at Rs 1,100 per sq.ft, and Block 27 Mettur Road at Rs 1,650 per sq.ft, among others.