Guideline Value for Block 5 Kristhuvar Kovil Street (Poombuhar Street)

Block 5 Kristhuvar Kovil Street (Poombuhar Street) guideline value

The current guideline value for Block 5 Kristhuvar Kovil Street (Poombuhar Street) is Rs 771 per sq.ft. This street is located in Ward E village under the Erode Joint I SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Block 5 Kristhuvar Kovil Street (Poombuhar Street) has changed

The guideline value for Block 5 Kristhuvar Kovil Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 289 per sq.ft, which increased to Rs 327 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 350 per sq.ft in 2007, a +7% increase, followed by a significant jump to Rs 500 per sq.ft in 2012, which was a +43% change. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, reflecting a -33% change. The 2017 revision saw the value increase to Rs 700 per sq.ft in 2023, a +109% change, and the most recent revision in 2024 has set the value at Rs 771 per sq.ft, showing a +10% increase from the previous year.

The register has no figure for this street for the years not mentioned above. Overall, from 2002 to 2024, the guideline value has increased by +167%.

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 5 Kristhuvar Kovil Street (Poombuhar Street) is below this median.

• Block 5 Kristhuvar Kovil Street (Maraimalaiadigal Street): Rs 771 per sq.ft (2024)
• Block 5 Nethaji Street: Rs 1,925 per sq.ft (2024)
• Block 5 New Street: Rs 825 per sq.ft (2024)
• Block 5 Oppanakara Street (Kundhavai Street): Rs 771 per sq.ft (2024)
• Block 5 Poondhurai Road: Rs 1,650 per sq.ft (2024)
• Block 5 Cutcheri Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 5 Kristhuvar Kovil Street (Poombuhar Street)

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the guideline value would be Rs 7,71,000. The stamp duty, charged at 7%, would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, making the total fees Rs 69,390. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 5 Kristhuvar Kovil Street (Poombuhar Street)?

The Sub Registrar Office that covers Block 5 Kristhuvar Kovil Street (Poombuhar 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 E

The guideline value is an essential factor when registering property in Ward E. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction process.

When a property is sold or purchased, the guideline value is compared to the sale price. The higher of the two is used to determine the applicable duty and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 5 Kristhuvar Kovil Street?

The current guideline value for Block 5 Kristhuvar Kovil Street (Poombuhar 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 289 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +167% over the years with various fluctuations in between.

What are the other streets in Ward E with their guideline values?

Other streets in Ward E include Block 5 Nethaji Street at Rs 1,925 per sq.ft, Block 5 New Street at Rs 825 per sq.ft, and Block 5 Poondhurai Road at Rs 1,650 per sq.ft, among others.

How is the stamp duty calculated for properties in Block 5 Kristhuvar Kovil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Block 5 Kristhuvar Kovil Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.