Guideline Value for Block 5 Post Office Road

Block 5 Post Office Road guideline value

The current guideline value for Block 5 Post Office Road is Rs 825 per sq.ft. This street is located in Ward C village, under the Erode Joint I SRO, and is classified as Residential Class II Type - II.

How the guideline value of Block 5 Post Office Road has changed

The guideline value for Block 5 Post Office Road has seen several revisions over the years. In 2002, the value was Rs 149 per sq.ft, which increased to Rs 167 per sq.ft in 2003, marking a 12% rise. The value then rose significantly to Rs 300 per sq.ft in 2007, reflecting an 80% increase. Following that, the value jumped to Rs 750 per sq.ft in 2012, a remarkable 150% increase. However, it decreased to Rs 502 per sq.ft in 2017, a decline of 33%. The value then increased again to Rs 750 per sq.ft in 2023, before reaching the current figure of Rs 825 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 454%. There are no figures for this street in the revisions for any other years outside those listed.

Guideline values in Ward C

In Ward C, there are 250 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 1,375 per sq.ft. The guideline value for Block 5 Post Office Road is below this median.

• Block 5 Poongundranar Street (or) Bramin Extension: Rs 825 per sq.ft (2024)
• Block 6 Bramin Extension Poongundranar Street: Rs 825 per sq.ft (2024)
• Block 6 Chenniappa Street (or) Chinnappa Street: Rs 771 per sq.ft (2024)
• Block 5 Krishnampalayam Road: Rs 825 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 Post Office Road

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, totaling Rs 74,250. 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 information.

Which Sub Registrar Office covers Block 5 Post Office Road?

The Sub Registrar Office that covers Block 5 Post Office 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 further assistance.

How the guideline value is used when you buy or sell in Ward C

The guideline value is essential during property transactions in Ward C, as it determines the amount of stamp duty and registration fees payable. When a property is registered, the guideline value or the sale price, whichever is higher, is used to calculate these fees.

Frequently asked questions

What is the current guideline value for Block 5 Post Office Road?

The current guideline value for Block 5 Post Office Road is Rs 825 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 149 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 454% over the years.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 8,25,000, the total fees would amount to Rs 74,250.

Where is the Sub Registrar Office for Block 5 Post Office Road located?

The Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone.

How does the guideline value affect property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It is important for both buyers and sellers to be aware of the current guideline value to understand the costs involved in the registration process.