Guideline Value for Block 30 Perumal kadu

Block 30 Perumal kadu guideline value

The current guideline value of Block 30 Perumal kadu is Rs 771 per sq.ft, effective from 1 July 2024. This area is located in Ward B village under the Erode Joint I SRO, classified as Residential Class II Type - III.

How the guideline value of Block 30 Perumal kadu has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This figure changed to Rs 402 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase, with the value rising to Rs 700 per sq.ft, which is a change of 74%. The most recent revision in 2024 shows the guideline value at Rs 771 per sq.ft, reflecting a 10% increase from the previous year.

The register has no 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 under the Erode Joint I SRO with 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 of Block 30 Perumal kadu is below this median.

• Block 30 Muthukumarasamy Street: Rs 1,100 per sq.ft (2024)
• Block 30 Manal Medu: Rs 771 per sq.ft (2024)
• Block 31 Chennimalai Road: Rs 1,100 per sq.ft (2024)
• Block 31 Goodshed huts: Rs 771 per sq.ft (2024)
• Block 31 Manal Medu: Rs 771 per sq.ft (2024)
• Block 31 Muthukumarasamy Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 30 Perumal kadu

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, resulting in a total cost of Rs 69,390. It is important 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 30 Perumal kadu?

The Sub Registrar Office that covers Block 30 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

When buying or selling property in Ward B, the guideline value plays a crucial role in determining the stamp duty and registration fees applicable to the transaction. The guideline value is used as a basis for calculating these fees, ensuring that they are aligned with the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value when engaging in property transactions to avoid any discrepancies during the registration process. This ensures compliance with local regulations and helps in accurately assessing the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Block 30 Perumal kadu?

The current guideline value of Block 30 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 land classification of Block 30 Perumal kadu?

Block 30 Perumal kadu is classified as Residential Class II Type - III.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970 and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which office handles the registration for Block 30 Perumal kadu?

The Erode Joint I Sub Registrar Office handles the registration for Block 30 Perumal kadu, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.