Guideline Value for Block 27 Periyar Nagar

Block 27 Periyar Nagar guideline value

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

How the guideline value of Block 27 Periyar Nagar has changed

Over the years, the guideline value of Block 27 Periyar Nagar has seen significant changes. In 2002, the guideline value was Rs 653 per sq.ft. It increased to Rs 738 per sq.ft in 2003, marking a change of +13%. The value continued to rise, reaching Rs 900 per sq.ft in 2007, which was a +22% increase. By 2012, the value had jumped to Rs 2,000 per sq.ft, reflecting a remarkable +122% change from the previous revision. However, it fell to Rs 1,340 per sq.ft in 2017, a decrease of -33%.

The guideline value then increased to Rs 2,000 per sq.ft in 2023, representing a +49% rise. Finally, the most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is a +10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by +237%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO with a guideline value for 2024 ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value is Rs 825 per sq.ft, placing Block 27 Periyar Nagar above this median.

• Block 27 Poondhurai Road: Rs 1,100 per sq.ft (2024)
• Block 27 Railway Colony Road: Rs 771 per sq.ft (2024)
• Block 27 Mettur Road (or) E.V. Nanjappa Road: Rs 1,650 per sq.ft (2024)
• Block 28 Agathi Perumal Kovil Huts: Rs 771 per sq.ft (2024)
• Block 26 Sathankaruku 1 2 3: Rs 771 per sq.ft (2024)
• Block 28 Gramadai Street 1 to 5: Rs 771 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, bringing the total to 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 our 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, 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 of property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is necessary for legal and taxation purposes. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating applicable duties.

Frequently asked questions

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

The current guideline value of 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 653 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of +237%.

What is the classification of land in Block 27 Periyar Nagar?

Block 27 Periyar Nagar is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Block 27 Periyar Nagar?

The Sub Registrar Office for Block 27 Periyar Nagar is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for property in Block 27 Periyar Nagar?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,54,000.