Guideline Value for Block 32 North Perumal Kovil Street

Block 32 North Perumal Kovil Street guideline value

The current guideline value of Block 32 North 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 is classified as Residential Class I Type - III.

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

The guideline value for Block 32 North Perumal Kovil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 572 per sq.ft, which increased to Rs 641 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 750 per sq.ft in 2007, reflecting an increase of +17%. Following this, the 2012 revision set the value at Rs 1,250 per sq.ft, a notable increase of +67% from the previous revision. However, the value dropped to Rs 837 per sq.ft in 2017, showing a decrease of -33%. The 2023 revision brought the value back up to Rs 1,250 per sq.ft, and the most recent 2024 revision set it at Rs 1,375 per sq.ft, marking a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +140%. There are no figures available for the revisions in years other than those specified.

Guideline values in Ward C

In Ward C, there are 250 streets that carry a 2024 guideline value, ranging from Rs 770 to Rs 7,700 per sq.ft. The median value is Rs 1,375 per sq.ft, which is equal to the guideline value of Block 32 North Perumal Kovil Street.

• Block 32 Sathy (or) Veerapathira Street: Rs 2,750 per sq.ft (2024)
• Block 32 South Perumal Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 32 West Perumal Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 33 Brindha Street: Rs 2,750 per sq.ft (2024)
• Block 32 Easwaran Kovil Street: Rs 4,400 per sq.ft (2024)
• Block 33 Easwaran Kovil Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Block 32 North 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, resulting in a total of Rs 1,23,750. The duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Block 32 North Perumal Kovil Street 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 more information.

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

The guideline value is a crucial factor during property registration in Ward C. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

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

The current guideline value of Block 32 North 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 significantly over the years, starting from Rs 572 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of +140%.

What is the registration office for this street?

The registration office for Block 32 North Perumal Kovil Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250 at a rate of 7%.

What are the other streets in Ward C with guideline values?

Other streets in Ward C include Block 32 Sathy (or) Veerapathira Street at Rs 2,750 per sq.ft, Block 32 South Perumal Kovil Street at Rs 1,375 per sq.ft, and Block 32 West Perumal Kovil Street at Rs 1,375 per sq.ft, among others.