Guideline Value for Block 8 Periyana Street

Block 8 Periyana Street guideline value

The current guideline value of Block 8 Periyana Street is Rs 1,100 per sq.ft. This street is located in Ward B village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 8 Periyana Street has changed

The guideline value for Block 8 Periyana Street has seen several revisions over the years. In 2002, the guideline value was Rs 447 per sq.ft, which increased to Rs 501 per sq.ft in 2003. The value then rose to Rs 750 per sq.ft in 2007, followed by a further increase to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023 and is currently set at Rs 1,100 per sq.ft from the 2024 revision effective 1 July 2024.

Between the revisions, there were notable changes. From 2017 to 2023, the guideline value increased by 49%. The 2012 to 2017 period saw a decrease of 33%. The value rose by 33% from 2007 to 2012, and from 2003 to 2007, it increased by 50%. The increase from 2002 to 2003 was 12%. Overall, from 2002 to 2024, the guideline value has increased by 146%. There are no figures available for any other revisions for this street.

Guideline values in Ward B

In Ward B, the guideline values range from Rs 770 to Rs 6,600 per sq.ft, with the median being Rs 1,100 per sq.ft. The guideline value for Block 8 Periyana Street is equal to this median.

• Block 8 Power House road: Rs 1,100 per sq.ft (2024)
• Block 8 Mosuvana Street: Rs 1,100 per sq.ft (2024)
• Block 8 Kalaimagal School Road: Rs 1,375 per sq.ft (2024)
• Block 9 E.V.Nanjappa Street: Rs 3,300 per sq.ft (2024)
• Block 9 Kalaimagal School Road: Rs 1,100 per sq.ft (2024)
• Block 8 Chenniappa Street: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Block 8 Periyana 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 8 Periyana Street?

The Sub Registrar Office that covers Block 8 Periyana 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 further assistance.

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

The guideline value is a critical factor when registering property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees payable during the property transfer process.

When a property is bought or sold, the guideline value is used to calculate the applicable duties. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring compliance with local regulations during registration.

Frequently asked questions

What is the current guideline value of Block 8 Periyana Street?

The current guideline value of Block 8 Periyana Street is Rs 1,100 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 447 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024. The most significant increase was from 2017 to 2023, where it rose by 49%.

What are the other streets in Ward B with similar guideline values?

Other streets in Ward B with a guideline value of Rs 1,100 per sq.ft include Block 8 Power House road and Block 8 Mosuvana Street. There are also streets with higher and lower values in the same ward.

How is stamp duty calculated for properties in Block 8 Periyana Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Block 8 Periyana Street?

The Sub Registrar Office for Block 8 Periyana Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009. You can find more information about your SRO online.