Guideline Value for Block 4 Pudhumai Colony

Block 4 Pudhumai Colony guideline value

The current guideline value of Block 4 Pudhumai Colony is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 4 Pudhumai Colony has changed

The guideline value for Block 4 Pudhumai Colony has seen several revisions over the years. Starting from Rs 105 per sq.ft in 2002, it increased to Rs 141 per sq.ft in 2003, marking a 34% rise. The value further climbed to Rs 250 per sq.ft in 2007, representing a 77% increase. In 2012, the value adjusted to Rs 400 per sq.ft, reflecting a decrease of 16%. The 2017 revision set the value at Rs 335 per sq.ft, which was a drop from the previous figure.

From 2017 to 2023, the guideline value surged to Rs 700 per sq.ft, showcasing a significant increase of 109%. The most recent revision in 2024 brought the value to Rs 770 per sq.ft, a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has risen by 633%.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 4 Pudhumai Colony's value below this median.

• Block 4 R.K.Venkatasamy Nagar & Colony: Rs 1,375 per sq.ft (2024)
• Block 4 State Bank Colony: Rs 1,375 per sq.ft (2024)
• Block 4 Madhavakadu: Rs 771 per sq.ft (2024)
• Block 4 Krishnampalayam Road 1,2.3: Rs 1,375 per sq.ft (2024)
• Block 4 Chinnappa Layout 1 & 2: Rs 770 per sq.ft (2024)
• Block 5 E.M.Balasubramaniam Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Pudhumai Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, while the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. 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 Pudhumai Colony?

The Sub Registrar Office covering Block 4 Pudhumai Colony 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 A

The guideline value plays a crucial role during the registration of property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with the regulations set by the registration department.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property in the market.

Frequently asked questions

What is the current guideline value of Block 4 Pudhumai Colony?

The current guideline value of Block 4 Pudhumai Colony is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 105 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, marking an overall increase of 633% over the years.

What is the registration fee for property in Block 4 Pudhumai Colony?

The registration fee for property in Block 4 Pudhumai Colony is calculated based on the guideline value, which is currently Rs 770 per sq.ft. The registration fee is 2% of the guideline value.

Which Sub Registrar Office covers this area?

The Erode Joint I Sub Registrar Office covers Block 4 Pudhumai Colony, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in Ward A?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For Block 4 Pudhumai Colony, the current guideline value is Rs 770 per sq.ft, which is used to determine the stamp duty payable during registration.