Guideline Value for Block 37 Pon Street

Block 37 Pon Street guideline value

The current guideline value of Block 37 Pon Street is Rs 4,400 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 Commercial Class I Type - I.

How the guideline value of Block 37 Pon Street has changed

The guideline value of Block 37 Pon Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,201 per sq.ft, which increased to Rs 1,345 per sq.ft in 2003, marking a change of +12%. The value continued to rise significantly, reaching Rs 2,500 per sq.ft in 2007, an increase of +86%. By 2012, the value was Rs 4,000 per sq.ft, reflecting a rise of +60% from the previous revision. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of -33%. The value rebounded to Rs 4,000 per sq.ft in 2023, and is now set at Rs 4,400 per sq.ft in the 2024 revision, which is a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +266%. The register has no figure for this street for the years not listed above.

Guideline values in Ward C

In Ward C, the guideline values range from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value of Block 37 Pon Street is above this median, indicating its higher valuation compared to other streets in the area.

• Block 37 Nethaji Street: Rs 4,400 per sq.ft (2024)
• Block 37 Prakasham Street: Rs 3,300 per sq.ft (2024)
• Block 37 Muthurangam Street: Rs 3,300 per sq.ft (2024)
• Block 37 Sivashanmugam Street: Rs 3,300 per sq.ft (2024)
• Block 37 Cutcheri Street: Rs 4,400 per sq.ft (2024)
• Block 38 Annaji Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Block 37 Pon Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 37 Pon Street?

The Sub Registrar Office that covers Block 37 Pon 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 critical factor during the registration of property transactions in Ward C. It determines the amount of stamp duty and registration fees that need to be paid, which is essential for the legal transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Block 37 Pon Street?

The current guideline value of Block 37 Pon Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 1,201 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +266% over the years.

What is the land classification for Block 37 Pon Street?

Block 37 Pon Street is classified as Commercial Class I Type - I, which indicates its zoning for commercial purposes.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office located for this street?

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