Guideline Value for Block 7 Court Street (or) Periyar Street

Block 7 Court Street (or) Periyar Street guideline value

The current guideline value of Block 7 Court Street (or) Periyar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 7 Court Street (or) Periyar Street has changed

The guideline value for Block 7 Court Street (or) Periyar Street has undergone several revisions over the years. The 2002 revision set the value at Rs 699 per sq.ft, which increased to Rs 790 per sq.ft in 2003, marking a rise of 13%. Following that, the value rose to Rs 900 per sq.ft in 2007, reflecting a 14% increase. In 2012, the value was revised to Rs 1,000 per sq.ft, an increase of 11%. However, in 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The subsequent revision in 2023 brought the value back up to Rs 1,000 per sq.ft, and the latest revision in 2024 set the value at Rs 1,100 per sq.ft, showing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 57%. Notably, there are no figures for the revisions in years other than those specified.

Guideline values in Ward E

In Ward E, the guideline values range from Rs 770 to Rs 6,600 per sq.ft as of the 2024 revision, with a median value of Rs 825 per sq.ft. The guideline value for Block 7 Court Street (or) Periyar Street is above this median.

• Block 7 Cutcheri Street: Rs 1,650 per sq.ft (2024)
• Block 7 Mandapam Street: Rs 1,375 per sq.ft (2024)
• Block 7 Azath Street: Rs 825 per sq.ft (2024)
• Block 7 Angamuthu Pillai Street: Rs 771 per sq.ft (2024)
• Block 6 Vannara Street (Porkai Pandiyan Street): Rs 771 per sq.ft (2024)
• Block 7 Nethaji Street: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Block 7 Court Street (or) Periyar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Block 7 Court Street (or) Periyar Street?

The Sub Registrar Office that covers Block 7 Court Street (or) Periyar 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 E

The guideline value is a crucial factor when registering property transactions in Ward E. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and helps prevent undervaluation during transactions.

Frequently asked questions

What is the current guideline value for Block 7 Court Street (or) Periyar Street?

The current guideline value for Block 7 Court Street (or) Periyar Street is Rs 1,100 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 699 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 57% over the years.

What is the range of guideline values in Ward E?

The guideline values in Ward E range from Rs 770 to Rs 6,600 per sq.ft as of the 2024 revision, with a median value of Rs 825 per sq.ft.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for Block 7 Court Street (or) Periyar Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.