Guideline Value for Block 7 Perumal Street

Block 7 Perumal Street guideline value

The current guideline value of Block 7 Perumal Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO and is classified as Residential Class II Type - II.

How the guideline value of Block 7 Perumal Street has changed

The guideline value for Block 7 Perumal Street has undergone several revisions over the years. In 2002, the guideline value was Rs 363 per sq.ft. This figure increased to Rs 407 per sq.ft in 2003, marking a change of +12%. The value rose further to Rs 500 per sq.ft in 2007, reflecting a +23% increase. In 2012, the value remained at Rs 750 per sq.ft, which was a +50% increase from the previous revision. However, it then decreased to Rs 502 per sq.ft in 2017, indicating a -33% change. The value saw a significant increase to Rs 750 per sq.ft in 2023, and finally, it reached Rs 825 per sq.ft in 2024, which is a +10% change from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +127%. The register has no figures for revisions in the years not mentioned above.

Guideline values in Ward B

In Ward B, there are 170 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 1,100 per sq.ft. The guideline value for Block 7 Perumal Street is below this median.

• Block 7 Muthusamy Street (or) Athiyanan Street: Rs 825 per sq.ft (2024)
• Block 7 Muthusamy Lane: Rs 825 per sq.ft (2024)
• Block 7 S.K.Chenniappa Street: Rs 1,375 per sq.ft (2024)
• Block 7 Mosuvana Street: Rs 825 per sq.ft (2024)
• Block 7 Mosuvana Lane: Rs 825 per sq.ft (2024)
• Block 7 Mosuvana Kadu: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 7 Perumal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 7 Perumal Street?

The Sub Registrar Office that covers Block 7 Perumal Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Ward B. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the authorities.

Frequently asked questions

What is the current guideline value of Block 7 Perumal Street?

The current guideline value of Block 7 Perumal 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 363 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of +127% over the years.

What is the land classification for Block 7 Perumal Street?

Block 7 Perumal Street is classified as Residential Class II Type - II.

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

The Sub Registrar Office for Block 7 Perumal Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the stamp duty calculated for properties in Block 7 Perumal Street?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 8,25,000, with stamp duty and registration fees calculated accordingly.