Guideline Value for Block 4 Pachiyamman Kovil Street

Block 4 Pachiyamman Kovil Street guideline value

The current guideline value of Block 4 Pachiyamman Kovil Street is Rs 771 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 III Type - I.

How the guideline value of Block 4 Pachiyamman Kovil Street has changed

Since the 2002 revision, the guideline value for Block 4 Pachiyamman Kovil Street has undergone several changes. In 2002, the value was Rs 167 per sq.ft, which increased to Rs 188 per sq.ft in 2003, marking a 13% rise. The value then saw a modest increase of 6% to Rs 200 per sq.ft in 2007. However, from 2007 to 2012, the value surged by 150%, reaching Rs 500 per sq.ft. This was followed by a decline of 33% to Rs 335 per sq.ft in 2017. The guideline value rose significantly by 109% to Rs 700 per sq.ft in 2023, and then increased by 10% to the current value of Rs 771 per sq.ft in 2024.

There are no figures available for the years that do not have a specified value for this street. The overall change from 2002 to 2024 reflects an increase of 362% in the guideline value per sq.ft.

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, with a median value of Rs 1,375 per sq.ft. The guideline value of Block 4 Pachiyamman Kovil Street is below this median.

• Block 4 Krishnampalayam Road 1 to 3 Part 2: Rs 1,100 per sq.ft (2024)
• Block 4 Ganapathipuram Part 1: Rs 825 per sq.ft (2024)
• Block 4 Vinayagar Kovil Street: Rs 771 per sq.ft (2024)
• Block 4 Cauvery Road Main Road: Rs 1,925 per sq.ft (2024)
• Block 5 Arumugam Road (or) Poongundranar Street: Rs 825 per sq.ft (2024)
• Block 4 Azhakarasan Nagar: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Pachiyamman Kovil Street

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, and the registration fee at 2% would be Rs 15,420, totaling Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 4 Pachiyamman Kovil Street?

The Sub Registrar Office that covers Block 4 Pachiyamman 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 when registering property in Ward C. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in official documents.

When buyers and sellers engage in a transaction, the stamp duty and registration fees are calculated based on the guideline value. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property according to the established guidelines.

Frequently asked questions

What is the current guideline value of Block 4 Pachiyamman Kovil Street?

The current guideline value of Block 4 Pachiyamman Kovil Street 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 from Rs 167 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 362% over this period.

What is the stamp duty for properties in Block 4 Pachiyamman Kovil Street?

The stamp duty for properties in Block 4 Pachiyamman Kovil Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for Block 4 Pachiyamman Kovil Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 4 Pachiyamman Kovil Street?

Block 4 Pachiyamman Kovil Street is classified as Residential Class III Type - I, indicating its designation for residential use.