Guideline Value for Block 5 Pavadai Street

Block 5 Pavadai Street guideline value

The current guideline value of Block 5 Pavadai Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Block 5 Pavadai Street has changed

The guideline value for Block 5 Pavadai Street has seen several revisions over the years. In 2002, the value was Rs 545 per sq.ft, which increased to Rs 611 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 750 per sq.ft in 2007, reflecting a +23% increase. Following this, the value jumped to Rs 1,000 per sq.ft in 2012, which was a +33% change. However, the value decreased to Rs 670 per sq.ft in 2017, a drop of -33%. The most recent revisions show that the value increased significantly to Rs 1,000 per sq.ft in 2023 and then to Rs 1,100 per sq.ft in 2024, representing a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +102%. There are no figures available for revisions in years not listed above for this street.

Guideline values in Ward B

In Ward B, there are 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 is equal to the current guideline value of Block 5 Pavadai Street.

• Block 5 Kalaimagal School Road: Rs 2,200 per sq.ft (2024)
• Block 6 Brough Road: Rs 6,600 per sq.ft (2024)
• Block 5 Brough Road: Rs 6,600 per sq.ft (2024)
• Block 6 Kalaimagal School Road: Rs 1,375 per sq.ft (2024)
• Block 4 Pavadai Street: Rs 1,100 per sq.ft (2024)
• Block 4 Muthusamy Sandu: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 5 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, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 5 Pavadai Street?

The Sub Registrar Office that covers Block 5 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 a crucial factor when buying or selling property in Ward B, as it determines the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to calculate the necessary fees accurately.

When a property is registered, the guideline value serves as a baseline for calculating the associated costs. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Block 5 Pavadai Street?

The current guideline value of Block 5 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 545 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of +102% over this period.

What is the land classification for Block 5 Pavadai Street?

Block 5 Pavadai Street is classified under Residential Class II Type - I.

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

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.