Guideline Value for Block 31 Perumal Kadu

Block 31 Perumal Kadu guideline value

The current guideline value of Block 31 Perumal Kadu is Rs 771 per sq.ft, effective from 1 July 2024. This area is located in Ward B village and falls under the Erode Joint I SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Block 31 Perumal Kadu has changed

The guideline value for Block 31 Perumal Kadu has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 155 per sq.ft. It increased to Rs 174 per sq.ft in 2003, marking a 12% rise. The value then saw a significant increase in 2007, reaching Rs 250 per sq.ft, which was a 44% increase from the previous year. In 2012, the value rose to Rs 600 per sq.ft, reflecting a 140% increase. However, this value decreased to Rs 402 per sq.ft in 2017, a drop of 33%. The guideline value then increased to Rs 700 per sq.ft in 2023, followed by a rise to Rs 771 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 397%. The register has no figures for revisions other than those listed above.

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 31 Perumal Kadu is below this median.

• Block 31 Muthukumarasamy Road: Rs 1,100 per sq.ft (2024)
• Block 31 Manal Medu: Rs 771 per sq.ft (2024)
• Block 31 Goodshed huts: Rs 771 per sq.ft (2024)
• Block 31 Chennimalai Road: Rs 1,100 per sq.ft (2024)
• Block 32 Chennimalai Road: Rs 1,100 per sq.ft (2024)
• Block 32 E.V.Nanjappa Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 31 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, while the registration fee at 2% would be Rs 15,420. Together, the total cost for these fees would be Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 31 Perumal Kadu?

The Sub Registrar Office that covers Block 31 Perumal Kadu 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 further assistance.

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

The guideline value is a critical factor when registering properties in Ward B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Block 31 Perumal Kadu?

The current guideline value of Block 31 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 significantly from Rs 155 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 397% over the years.

What is the land classification for Block 31 Perumal Kadu?

Block 31 Perumal Kadu is classified as Residential Class II Type - III.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 69,390.

Where is the Sub Registrar Office for Block 31 Perumal Kadu located?

The Sub Registrar Office for Block 31 Perumal Kadu is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.