Guideline Value for Block 6 PoonKundranar St

Block 6 PoonKundranar St guideline value

The current guideline value of Block 6 PoonKundranar St 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, classified as Residential Class II Type - II.

How the guideline value of Block 6 PoonKundranar St has changed

The guideline value for Block 6 PoonKundranar St has undergone several revisions over the years. The 2003 revision set the value at Rs 400 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following that, the value rose significantly to Rs 750 per sq.ft in 2012, but then decreased to Rs 502 per sq.ft in 2017. The 2023 revision saw a substantial increase to Rs 750 per sq.ft, and the most recent revision in 2024 has set the value at Rs 825 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 106%. Notably, there is no figure available for the year 2002 in the register for this street.

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 of Block 6 PoonKundranar St is below this median.

• Block 6 Ranga Street: Rs 770 per sq.ft (2024)
• Block 6 Pillaiyar Kovil Street 1,2: Rs 771 per sq.ft (2024)
• Block 6 Veeraboyan Street: Rs 770 per sq.ft (2024)
• Block 6 Krishnampalayam Road: Rs 825 per sq.ft (2024)
• Block 6 Vinayagar Kovil Street: Rs 772 per sq.ft (2024)
• Block 6 K.N.Kuppusamy Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 PoonKundranar St

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 to Rs 74,250. It is important to note that the 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 6 PoonKundranar St?

The Sub Registrar Office that covers Block 6 PoonKundranar St 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 when registering a property in Ward C. It determines the amount of stamp duty and registration fees that need to be paid at the time of property transfer.

When buying or selling property, the guideline value serves as a reference point for the transaction. It ensures that the property is valued fairly for taxation purposes, and it is essential for both buyers and sellers to be aware of this value during the registration process.

Frequently asked questions

What is the current guideline value of Block 6 PoonKundranar St?

The current guideline value of Block 6 PoonKundranar St is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2003 to Rs 825 per sq.ft in 2024, representing an overall increase of 106% over this period.

What are the stamp duty and registration fees for properties 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 registrations for Block 6 PoonKundranar St?

The Erode Joint I Sub Registrar Office handles registrations for Block 6 PoonKundranar St, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and market conditions. It is updated periodically to reflect changes in property values.