Guideline Value for Block 5 Poongundranar Street (or) Bramin Extension

Block 5 Poongundranar Street (or) Bramin Extension guideline value

The current guideline value for Block 5 Poongundranar Street (or) Bramin Extension is Rs 825 per sq.ft, effective from 1 July 2024. This property is located in Ward C village under the Erode Joint I SRO, with a land classification of Residential Class II Type - II.

How the guideline value of Block 5 Poongundranar Street (or) Bramin Extension has changed

The guideline value for Block 5 Poongundranar Street (or) Bramin Extension has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 241 per sq.ft. This increased to Rs 270 per sq.ft in 2003, marking a change of +12%. The value continued to rise, reaching Rs 500 per sq.ft in 2007 (+85%), then to Rs 750 per sq.ft in 2012 (+50%). However, it decreased to Rs 502 per sq.ft in 2017, reflecting a change of -33%. The most recent revisions show a significant increase, with the value rising to Rs 750 per sq.ft in 2023 (+49%) and then to Rs 825 per sq.ft in 2024 (+10%). There are no figures available for the years not listed in the register.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 5 Poongundranar Street (or) Bramin Extension below this median.

• Block 5 Post Office Road: Rs 825 per sq.ft (2024)
• Block 6 Bramin Extension Poongundranar Street: Rs 825 per sq.ft (2024)
• Block 5 Krishnampalayam Road: Rs 825 per sq.ft (2024)
• Block 6 Chenniappa Street (or) Chinnappa Street: Rs 771 per sq.ft (2024)
• Block 5 K.N.Kuppusamy Road: Rs 1,100 per sq.ft (2024)
• Block 6 Chinnappan Lay Out: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 5 Poongundranar Street (or) Bramin Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, making the total cost for these fees Rs 74,250. It is important to note that the 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 5 Poongundranar Street (or) Bramin Extension?

The Sub Registrar Office that covers Block 5 Poongundranar Street (or) Bramin Extension 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 C

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

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 5 Poongundranar Street (or) Bramin Extension?

The current guideline value for Block 5 Poongundranar Street (or) Bramin Extension is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 241 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, showing an overall increase of +242% over the years.

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

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which office handles the registration for properties in this street?

The registration for properties in Block 5 Poongundranar Street (or) Bramin Extension is handled by the Erode Joint I Sub Registrar Office located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for this property?

The land classification for Block 5 Poongundranar Street (or) Bramin Extension is Residential Class II Type - II.