Guideline Value for Block 4 State Bank Road (Poombuhar Road)

Block 4 State Bank Road (Poombuhar Road) guideline value

The current guideline value for Block 4 State Bank Road (Poombuhar Road) is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward E 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 4 State Bank Road (Poombuhar Road) has changed

The guideline value for Block 4 State Bank Road (Poombuhar Road) has seen several revisions over the years. In 2002, the guideline value was Rs 699 per sq.ft, which increased to Rs 790 per sq.ft in 2003. Following this, the value rose to Rs 900 per sq.ft in 2007, and then to Rs 1,250 per sq.ft in 2012. However, it decreased to Rs 837 per sq.ft in 2017. The value then increased significantly to Rs 1,250 per sq.ft in 2023, and most recently to Rs 1,375 per sq.ft in 2024, reflecting a change of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 97%. The revisions for the years 2012 to 2017 showed a decrease of 33%, while the increase from 2017 to 2023 was 49%. The register has no figure for this street for the years not listed above.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 4 State Bank Road (Poombuhar Road) is above this median.

• Block 5 Cutcheri Street: Rs 1,650 per sq.ft (2024)
• Block 4 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 4 Cutcheri Street: Rs 3,300 per sq.ft (2024)
• Block 5 Kristhuvar Kovil Street (Maraimalaiadigal Street): Rs 771 per sq.ft (2024)
• Block 5 Kristhuvar Kovil Street (Poombuhar Street): Rs 771 per sq.ft (2024)
• Block 5 Nethaji Street: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 State Bank Road (Poombuhar Road)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 13,75,000. The stamp duty at 7% amounts to Rs 96,250, and the registration fee at 2% is Rs 27,500, making the total Rs 1,23,750. 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 State Bank Road (Poombuhar Road)?

The Sub Registrar Office that covers Block 4 State Bank Road (Poombuhar Road) 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 E

The guideline value is an important factor when registering property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a transaction occurs, the stamp duty is calculated based on the higher value between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions within the area.

Frequently asked questions

What is the current guideline value for Block 4 State Bank Road (Poombuhar Road)?

The current guideline value for Block 4 State Bank Road (Poombuhar Road) 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 699 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 97% over this period.

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

For a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250, and the registration fee would be Rs 27,500, totaling Rs 1,23,750.

Which office handles the registration for Block 4 State Bank Road (Poombuhar Road)?

The Erode Joint I Sub Registrar Office handles the registration for Block 4 State Bank Road (Poombuhar Road), located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 4 State Bank Road (Poombuhar Road)?

Block 4 State Bank Road (Poombuhar Road) is classified under Residential Class I Type - III, indicating its suitability for residential development.