Guideline Value for Block 3 Perundurai Road

Block 3 Perundurai Road guideline value

The current guideline value of Block 3 Perundurai Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Ward B village under the Erode Joint I SRO and is classified as Commercial Class I Type - I.

How the guideline value of Block 3 Perundurai Road has changed

Since the 2012 revision, the guideline value for Block 3 Perundurai Road has seen several changes. In 2012, the value was Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO, with 2024 figures ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Block 3 Perundurai Road's 2024 figure above this median.

• Block 3 Palaniappa Street: Rs 2,200 per sq.ft (2024)
• Block 3 Muthukaruppa Street: Rs 1,650 per sq.ft (2024)
• Block 3 Ramasamy Street: Rs 1,650 per sq.ft (2024)
• Block 3 Gandhi Nagar Colony: Rs 2,200 per sq.ft (2024)
• Block 3 E V N Road: Rs 3,300 per sq.ft (2024)
• Block 4 Brough Road: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Block 3 Perundurai Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Block 3 Perundurai Road?

The Sub Registrar Office that covers Block 3 Perundurai Road 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 a crucial factor in the registration process when buying or selling property in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 3 Perundurai Road?

The current guideline value for Block 3 Perundurai Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Block 3 Perundurai Road has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for this property located?

The Sub Registrar Office covering Block 3 Perundurai Road is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, under the Erode Joint I SRO.

What is the land classification for Block 3 Perundurai Road?

Block 3 Perundurai Road is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.