Guideline Value for Block 6 Vannara Street (Porkai Pandiyan Street)

Block 6 Vannara Street (Porkai Pandiyan Street) guideline value

The current guideline value of Block 6 Vannara Street (Porkai Pandiyan Street) is Rs 771 per sq.ft. This street is located in Ward E village under the Erode Joint I SRO, with a land classification of Residential Class III Type - I.

How the guideline value of Block 6 Vannara Street (Porkai Pandiyan Street) has changed

The guideline value for Block 6 Vannara Street has undergone several revisions since 2002. The figures are as follows: in 2002, the value was Rs 216 per sq.ft, which increased to Rs 245 per sq.ft in 2003, marking a rise of 13%. The value saw a slight increase to Rs 250 per sq.ft in 2007, followed by a significant jump to Rs 500 per sq.ft in 2012, resulting in a 100% increase. However, the value decreased to Rs 335 per sq.ft in 2017, a decline of 33%. From 2017 to 2023, the guideline value surged to Rs 700 per sq.ft, reflecting a substantial increase of 109%. The most recent revision in 2024 set the guideline value at Rs 771 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for revisions in years not listed. The overall increase from 2002 to 2024 is 257%.

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, with a median value of Rs 825 per sq.ft. The guideline value of Block 6 Vannara Street is below this median.

• Block 6 Valluvar Street (Naladiyar Street): Rs 771 per sq.ft (2024)
• Block 7 Angamuthu Pillai Street: Rs 771 per sq.ft (2024)
• Block 6 South Valluvar Street (Sambandhar Street): Rs 825 per sq.ft (2024)
• Block 7 Azath Street: Rs 825 per sq.ft (2024)
• Block 6 Sivasanmugam Pillai Street: Rs 2,750 per sq.ft (2024)
• Block 6 Poondhurai Road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 Vannara Street (Porkai Pandiyan Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total fees together to Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 6 Vannara Street (Porkai Pandiyan Street)?

The Sub Registrar Office that covers Block 6 Vannara Street (Porkai Pandiyan 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 details.

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

The guideline value is a crucial factor when buying or selling property in Ward E. It serves as a benchmark for determining the stamp duty and registration fees payable during the registration process. Buyers and sellers should be aware that the guideline value influences the overall cost of property transactions.

When registering a property, the guideline value is used to calculate the applicable fees. It is essential for buyers to consider this value, as it can directly affect the total expenses incurred during the purchase or sale of property in the area.

Frequently asked questions

What is the current guideline value of Block 6 Vannara Street?

The current guideline value of Block 6 Vannara Street (Porkai Pandiyan Street) is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 216 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 257% over the years.

What are the registration fees for property in Block 6 Vannara Street?

For a 1,000 sq.ft plot at the current guideline value, the total registration fees would amount to Rs 69,390, which includes stamp duty and registration fees based on the guideline value.

Which office handles property registration for this street?

The Erode Joint I Sub Registrar Office handles property registration for Block 6 Vannara Street (Porkai Pandiyan Street). The office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the classification of land in Block 6 Vannara Street?

The land classification for Block 6 Vannara Street (Porkai Pandiyan Street) is Residential Class III Type - I, which is relevant for determining the guideline value and applicable regulations.