Guideline Value for Block 27 Periyar Nagar

Block 27 Periyar Nagar guideline value

The current guideline value for Block 27 Periyar Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Ward B village under the Erode Joint I SRO and is classified as Residential Special Type - I.

How the guideline value of Block 27 Periyar Nagar has changed

Over the years, the guideline value for Block 27 Periyar Nagar has seen significant changes. The earliest recorded revision was in 2007, where the value was Rs 750 per sq.ft. This increased to Rs 2,000 per sq.ft in 2012, marking a rise of 167%. However, by 2017, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The value then rose sharply to Rs 2,000 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 set the value at Rs 2,200 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Ward B

In Ward B, there are 170 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 1,100 per sq.ft. The guideline value for Block 27 Periyar Nagar is above this median.

• Block 27 Muthukumarasamy Road: Rs 1,100 per sq.ft (2024)
• Block 27 K.A.S.Anna Nagar: Rs 770 per sq.ft (2024)
• Block 27 Stoney Bridge huts: Rs 770 per sq.ft (2024)
• Block 27 Goodshed Guts: Rs 771 per sq.ft (2024)
• Block 27 E.V.Nanjappa Street: Rs 1,375 per sq.ft (2024)
• Block 26 S.K.Chenniappa Gounder Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 27 Periyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, these fees would total Rs 1,98,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers Block 27 Periyar Nagar?

The Sub Registrar Office that covers Block 27 Periyar Nagar 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 B

The guideline value is an essential factor when registering a property in Ward B. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. It is advisable for buyers to check the latest guideline values to avoid any discrepancies during the registration of property.

Frequently asked questions

What is the current guideline value for Block 27 Periyar Nagar?

The current guideline value for Block 27 Periyar Nagar is Rs 2,200 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 750 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 193%.

What are the stamp duty and registration fees for property in Block 27 Periyar Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty at 7% is Rs 1,54,000, and the registration fee at 2% is Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Block 27 Periyar Nagar?

The Erode Joint I Sub Registrar Office covers Block 27 Periyar Nagar, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a benchmark for calculating the applicable fees, ensuring compliance with local regulations.