Guideline Value for Block 33 West Perumal Kovil Street

Block 33 West Perumal Kovil Street guideline value

The current guideline value for Block 33 West Perumal Kovil Street is Rs 1,375 per sq.ft. 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 33 West Perumal Kovil Street has changed

The guideline value for Block 33 West Perumal Kovil Street has undergone several revisions over the years. In 2002, the value was Rs 571 per sq.ft, which increased to Rs 640 per sq.ft in 2003, marking a 12% rise. The value further increased to Rs 750 per sq.ft in 2007, reflecting a 17% change. By 2012, the value reached Rs 1,250 per sq.ft, showing a 67% increase from the previous revision. However, in 2017, it decreased to Rs 837 per sq.ft, which is a decline of 33%.

In 2023, the guideline value was set at Rs 1,250 per sq.ft, and it saw an increase of 49% to reach the current value of Rs 1,375 per sq.ft in the 2024 revision. The overall change from 2002 to 2024 shows an increase of 141% in the guideline value for this street.

Guideline values in Ward C

Ward C comprises 250 streets under the Erode Joint I SRO, with guideline values 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 2024 guideline value for Block 33 West Perumal Kovil Street.

• Block 33 Venkatachalam Street Main Street: Rs 2,750 per sq.ft (2024)
• Block 34 Brough Road Main Road Part 1: Rs 4,400 per sq.ft (2024)
• Block 33 Sokkanatha Street: Rs 2,750 per sq.ft (2024)
• Block 34 Easwaran Kovil Street Part 1: Rs 4,400 per sq.ft (2024)
• Block 33 Sengoda Street Lane: Rs 1,100 per sq.ft (2024)
• Block 34 Kamarajar Street Part 1: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 33 West Perumal Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,375 per sq.ft, the guideline value amounts to Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, making the total Rs 1,23,750. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 33 West Perumal Kovil Street?

The Sub Registrar Office that covers Block 33 West 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ward C. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling a property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value as determined by the local government. This helps in maintaining transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value for Block 33 West Perumal Kovil Street?

The current guideline value for Block 33 West 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 571 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 141% over the years.

What is the land classification for Block 33 West Perumal Kovil Street?

Block 33 West Perumal Kovil Street falls under the Residential Class I Type - III land classification.

Where can I find the Erode Joint I Sub Registrar Office?

The Erode Joint I Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 13,75,000, leading to a total fee of Rs 1,23,750.