Guideline Value for Block 6 Bramin Extension Poongundranar Street

Block 6 Bramin Extension Poongundranar Street guideline value

The current guideline value for Block 6 Bramin Extension Poongundranar Street is Rs 825 per sq.ft, effective from 1 July 2024. 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 6 Bramin Extension Poongundranar Street has changed

The guideline value for Block 6 Bramin Extension Poongundranar Street has seen several revisions over the years. The 2012 revision set the guideline value at Rs 750 per sq.ft, which was then reduced to Rs 502 per sq.ft in 2017. Following this, the value increased significantly to Rs 750 per sq.ft in 2023, and then further to Rs 825 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Ward C

In Ward C, there are 250 streets 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 6 Bramin Extension Poongundranar Street is below this median.

• Block 6 Chenniappa Street (or) Chinnappa Street: Rs 771 per sq.ft (2024)
• Block 5 Post Office Road: Rs 825 per sq.ft (2024)
• Block 6 Chinnappan Lay Out: Rs 825 per sq.ft (2024)
• Block 5 Poongundranar Street (or) Bramin Extension: Rs 825 per sq.ft (2024)
• Block 6 Jayagopal Street: Rs 825 per sq.ft (2024)
• Block 6 Kannaian Street 1,2,3: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 Bramin Extension Poongundranar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total 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, bringing the total cost for these fees to Rs 74,250. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block 6 Bramin Extension Poongundranar Street?

The Sub Registrar Office that covers Block 6 Bramin Extension Poongundranar 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 C

The guideline value is a critical factor in the registration process when buying or selling property in Ward C. It determines the minimum value at which a property can be registered and is used to calculate applicable stamp duty and registration fees.

When you purchase a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 6 Bramin Extension Poongundranar Street?

The current guideline value for Block 6 Bramin Extension Poongundranar Street 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 from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then to Rs 750 per sq.ft in 2023, and finally to Rs 825 per sq.ft in 2024.

What is the land classification for this street?

Block 6 Bramin Extension Poongundranar Street is classified as Residential Class II Type - II.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is charged at 2% of the guideline value or sale price.

Where can I find the Erode Joint I SRO?

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