Guideline Value for Block 5 Ponnusamy Street

Block 5 Ponnusamy Street guideline value

The current guideline value of Block 5 Ponnusamy Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Ward D 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 Ponnusamy Street has changed

The guideline value for Block 5 Ponnusamy Street has undergone several revisions over the years. In 2002, the guideline value was Rs 156 per sq.ft, which increased to Rs 176 per sq.ft in 2003, marking a 13% rise. The value then saw a significant increase to Rs 250 per sq.ft in 2007, representing a 42% change. Following that, the value rose to Rs 500 per sq.ft in 2012, showing a 100% increase. However, from 2012 to 2017, there was a decrease to Rs 335 per sq.ft, a drop of 33%. The value then increased dramatically to Rs 700 per sq.ft in 2023, reflecting a 109% rise. The most recent revision in 2024 set the guideline value at Rs 770 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for revisions in years not listed, ensuring that all changes are accounted for in the specified years. Overall, from 2002 to 2024, the guideline value has increased by 394%.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 5 Ponnusamy Street is below this median.

• Block 5 North Chinna Mariamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 5 Sengutuvan Lane: Rs 770 per sq.ft (2024)
• Block 5 Veerappa Street: Rs 771 per sq.ft (2024)
• Block 5 Kamatchiamman Kovil Theru: Rs 825 per sq.ft (2024)
• Block 6 Cauvery Main Road: Rs 1,925 per sq.ft (2024)
• Block 5 East Chinna Mariamman Koil Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 5 Ponnusamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 5 Ponnusamy Street?

The Sub Registrar Office that covers Block 5 Ponnusamy 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 D

The guideline value is a crucial factor in the registration process when buying or selling property in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the registration process adheres to the legal requirements set forth by the Registration Department.

Frequently asked questions

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

The current guideline value of Block 5 Ponnusamy Street 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 156 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 394% over this period.

What is the stamp duty rate for properties in Block 5 Ponnusamy Street?

The stamp duty rate for properties in Block 5 Ponnusamy Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Block 5 Ponnusamy Street located?

The Sub Registrar Office for Block 5 Ponnusamy 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 guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It acts as a benchmark for calculating these fees, ensuring compliance with legal requirements.