Guideline Value for Block 29 Perumal kadu

Block 29 Perumal kadu guideline value

The current guideline value of Block 29 Perumal kadu is Rs 771 per sq.ft, effective from 1 July 2024. This area falls under Ward B village and is classified as Residential Class II Type - III, governed by the Erode Joint I SRO.

How the guideline value of Block 29 Perumal kadu has changed

Over the years, the guideline value of Block 29 Perumal kadu has seen several revisions. In 2012, the value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 74%, bringing the value up to Rs 700 per sq.ft. The latest revision in 2024 shows a further increase of 10%, setting the current value at Rs 771 per sq.ft.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 29%.

Guideline values in Ward B

In Ward B, there are 170 streets that have a guideline value for 2024, 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 of Block 29 Perumal kadu at Rs 771 per sq.ft is below this median.

• Block 29 Muthukumarasamy Street: Rs 1,100 per sq.ft (2024)
• Block 29 Manal Medu: Rs 771 per sq.ft (2024)
• Block 2 Brough Road: Rs 6,600 per sq.ft (2024)
• Block 2 Chinnamuthu Street 1 Main Road: Rs 2,750 per sq.ft (2024)
• Block 29 Chennimalai Road: Rs 1,100 per sq.ft (2024)
• Block 2 Perundurai Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Block 29 Perumal kadu

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total cost for these fees to Rs 69,390. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 29 Perumal kadu?

The Sub Registrar Office that covers Block 29 Perumal kadu 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 details.

How the guideline value is used when you buy or sell in Ward B

The guideline value plays a crucial role in the registration process when buying or selling property in Ward B. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded at a value set by the government.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Block 29 Perumal kadu?

The current guideline value of Block 29 Perumal kadu is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 771 per sq.ft in 2024.

What is the median guideline value in Ward B?

The median guideline value in Ward B is Rs 1,100 per sq.ft for 2024, while Block 29 Perumal kadu's value is below this median.

What are the stamp duty rates applicable in Block 29 Perumal kadu?

The stamp duty rate applicable in Block 29 Perumal kadu is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Block 29 Perumal kadu?

The Sub Registrar Office for Block 29 Perumal kadu is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.