Guideline Value for Block 9 Court Street (Periyar Street) Part-2

Block 9 Court Street (Periyar Street) Part-2 guideline value

The current guideline value for Block 9 Court Street (Periyar Street) Part-2 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 9 Court Street (Periyar Street) Part-2 has changed

The guideline value for Block 9 Court Street (Periyar Street) has seen several revisions over the years. In 2002, the value was Rs 574 per sq.ft, which increased to Rs 649 per sq.ft in 2003, marking a 13% increase. The value rose further to Rs 750 per sq.ft in 2007, reflecting a 16% increase. By 2012, the guideline value reached Rs 1,000 per sq.ft, which represented a 33% decrease from the previous revision. The value then increased to Rs 670 per sq.ft in 2017, showing a 49% rise. The most recent revisions saw the value at Rs 1,000 per sq.ft in 2023, before increasing to Rs 1,100 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the years between these revisions for this street. Overall, from 2002 to 2024, the guideline value has increased by 92%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 825 per sq.ft, placing Block 9 Court Street (Periyar Street) Part-2's 2024 figure above this median.

• Block 9 Cutcheri Street: Rs 1,100 per sq.ft (2024)
• Block 9 East Okkiliyar Street: Rs 771 per sq.ft (2024)
• Block 9 Moydhin Sagip Street: Rs 1,100 per sq.ft (2024)
• Block 8 South Okkiliyar Steet (Kopperundevi Street): Rs 771 per sq.ft (2024)
• Block 8 North Okkiliar Street,Arulmozhi theru: Rs 772 per sq.ft (2024)
• Block 8 Nethaji Street: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Block 9 Court Street (Periyar Street) Part-2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost together to Rs 99,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Block 9 Court Street (Periyar Street) Part-2?

The Sub Registrar Office that covers Block 9 Court Street (Periyar Street) Part-2 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 plays a crucial role in the registration process when buying or selling property in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is in line with government regulations. Buyers and sellers must be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 9 Court Street (Periyar Street) Part-2?

The current guideline value for Block 9 Court Street (Periyar Street) Part-2 is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 574 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 92%.

What is the classification of land in Block 9 Court Street (Periyar Street) Part-2?

Block 9 Court Street (Periyar Street) Part-2 is classified as Residential Class II Type - I.

Where is the Erode Joint I Sub Registrar Office located?

The Erode Joint I Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees can be calculated based on the guideline value of the property. You can use the stamp duty and registration fee calculator for accurate calculations.