Guideline Value for Block 4 Pavadai Street

Block 4 Pavadai Street guideline value

The current guideline value of Block 4 Pavadai Street is Rs 1,100 per sq.ft. This street is located in Ward B village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 4 Pavadai Street has changed

The guideline value for Block 4 Pavadai Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 447 per sq.ft. This increased to Rs 501 per sq.ft in 2003, marking a 12% rise. Following this, the value rose significantly to Rs 750 per sq.ft in 2007, reflecting a 50% increase. In 2012, the value remained at Rs 1,000 per sq.ft, showing no recorded change for that year.

From 2012 to 2017, the guideline value decreased to Rs 670 per sq.ft, a drop of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 146%.

Guideline values in Ward B

In Ward B, there are a total of 170 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which matches the guideline value for Block 4 Pavadai Street.

• Block 4 Muthusamy Sandu: Rs 1,100 per sq.ft (2024)
• Block 4 E.V.Nanjappa Road: Rs 3,300 per sq.ft (2024)
• Block 5 Brough Road: Rs 6,600 per sq.ft (2024)
• Block 4 Brough Road: Rs 6,600 per sq.ft (2024)
• Block 5 Kalaimagal School Road: Rs 2,200 per sq.ft (2024)
• Block 3 Ramasamy Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Pavadai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that 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 4 Pavadai Street?

The Sub Registrar Office that covers Block 4 Pavadai 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 B

The guideline value is an essential factor when registering property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold or bought, the guideline value is used to calculate the fees based on the higher of the guideline value or the actual sale price. This ensures that the registration process is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value for Block 4 Pavadai Street?

The current guideline value for Block 4 Pavadai Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 447 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 146% over the years.

What are the stamp duty rates for properties in Block 4 Pavadai Street?

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

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.

What is the median guideline value for streets in Ward B?

The median guideline value for streets in Ward B is Rs 1,100 per sq.ft, which is the same as the guideline value for Block 4 Pavadai Street.