Guideline Value for Block 5 Poondhurai Road

Block 5 Poondhurai Road guideline value

The current guideline value of Block 5 Poondhurai Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Ward E village under the Erode Joint I SRO and is classified as Residential Class I Type - II.

How the guideline value of Block 5 Poondhurai Road has changed

The guideline value for Block 5 Poondhurai Road has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 574 per sq.ft. This increased to Rs 649 per sq.ft in 2003, marking a change of +13%. In 2007, the value rose significantly to Rs 750 per sq.ft, reflecting a +16% increase. The 2012 revision saw the value remain at Rs 1,500 per sq.ft, which is an increase of +100% from 2007. However, in 2017, the value dropped to Rs 1,005 per sq.ft, indicating a decrease of -33%. The 2023 revision set the value at Rs 1,500 per sq.ft, which was a +49% increase from the previous figure. Finally, the current 2024 revision has increased the guideline value to Rs 1,650 per sq.ft, marking a +10% change from 2023.

There are no figures available for the revisions in years other than those specified above, which are 2002, 2003, 2007, 2012, 2017, 2023, and 2024.

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. The median value for these streets is Rs 825 per sq.ft, placing Block 5 Poondhurai Road's 2024 figure above that median.

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

Stamp duty and registration fee for property in Block 5 Poondhurai Road

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,50,000. The stamp duty, charged at 7%, would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost would be Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 5 Poondhurai Road?

The Sub Registrar Office that covers Block 5 Poondhurai 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 plays a crucial role during the registration of property transactions in Ward E. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in this area.

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

Frequently asked questions

What is the current guideline value of Block 5 Poondhurai Road?

The current guideline value of Block 5 Poondhurai Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 574 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of +187% over the years.

What is the registration office for Block 5 Poondhurai Road?

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

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Block 5 Poondhurai Road is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.