Guideline Value for Block 32 East Perumal Kovil Street

Block 32 East Perumal Kovil Street guideline value

The current guideline value of Block 32 East Perumal Kovil Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Block 32 East Perumal Kovil Street has changed

The guideline value for Block 32 East Perumal Kovil Street has undergone several revisions over the years. The earliest recorded revision was in 2002, with a guideline value of Rs 572 per sq.ft. This value increased to Rs 641 per sq.ft in 2003, marking a change of +12%. In 2007, the value further rose to Rs 750 per sq.ft, reflecting a +17% increase. The 2012 revision saw the value jump to Rs 1,250 per sq.ft, which was a significant increase of +67%. However, in 2017, the value decreased to Rs 837 per sq.ft, showing a decline of -33%. The 2023 revision set the value at Rs 1,250 per sq.ft, and the most recent 2024 revision has increased it to Rs 1,375 per sq.ft, which is a +10% change from the previous year.

Overall, from 2002 to 2024, the guideline value for Block 32 East Perumal Kovil Street has increased by +140%. There are no figures available for revisions in years not mentioned in the register.

Guideline values in Ward C

Ward C contains 250 streets under the Erode Joint I SRO, with guideline values for 2024 ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this ward is Rs 1,375 per sq.ft, which is equal to the current guideline value of Block 32 East Perumal Kovil Street.

• Block 32 Easwaran Kovil Street: Rs 4,400 per sq.ft (2024)
• Block 32 Brindha Street: Rs 2,750 per sq.ft (2024)
• Block 32 AgilMedu St: Rs 2,530 per sq.ft (2024)
• Block 31 Thillai Nagar: Rs 2,530 per sq.ft (2024)
• Block 31 Sriranga Street: Rs 1,100 per sq.ft (2024)
• Block 31 South Easwaran Kovil Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 32 East Perumal Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value would be Rs 13,75,000. The stamp duty at 7% would amount to Rs 96,250, and the registration fee at 2% would be Rs 27,500, bringing the total to Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Block 32 East Perumal Kovil Street?

The Sub Registrar Office that covers Block 32 East Perumal Kovil Street 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 C

The guideline value is a crucial factor in property transactions in Ward C, as it determines the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements and to calculate the costs involved in the transaction.

When registering a property, the guideline value serves as a benchmark for assessing the transaction value. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Block 32 East Perumal Kovil Street?

The current guideline value of Block 32 East Perumal Kovil Street is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 572 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of +140% over the years.

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

For a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250, and the registration fee would be Rs 27,500, totaling Rs 1,23,750.

Which office handles property registrations for Block 32 East Perumal Kovil Street?

The Erode Joint I Sub Registrar Office handles property registrations for Block 32 East Perumal Kovil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for both buyers and sellers to be aware of the current guideline value to ensure accurate calculations and compliance with legal requirements.