Guideline Value for Block 9 Palani Sandhu

Block 9 Palani Sandhu guideline value

The current guideline value of Block 9 Palani Sandhu is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward D village, under the Erode Joint I SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Block 9 Palani Sandhu has changed

The guideline value for Block 9 Palani Sandhu has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 233 per sq.ft. This increased to Rs 250 per sq.ft in 2007, followed by a rise to Rs 400 per sq.ft in 2012. The value then decreased to Rs 335 per sq.ft in 2017, and subsequently rose significantly to Rs 700 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 770 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 230%. It is important to note that the register has no figure for this street in 2002.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 9 Palani Sandhu is below this median.

• Block 9 Periyamariamman Kovil Street: Rs 770 per sq.ft (2024)
• Block 9 Muthukaruppan Sandhu: Rs 770 per sq.ft (2024)
• Block 9 Kumanan Street: Rs 770 per sq.ft (2024)
• Block 9 Sekkilar Street: Rs 770 per sq.ft (2024)
• Block 9 Thoppaiya Street: Rs 770 per sq.ft (2024)
• Block 9 Thottakara Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 9 Palani Sandhu

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 9 Palani Sandhu?

The Sub Registrar Office that covers Block 9 Palani Sandhu 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 D

The guideline value is a crucial component in the registration process when buying or selling property in Ward D. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property is sold, the buyer must ensure that the registration reflects the correct guideline value to avoid any discrepancies in the fees payable. This ensures compliance with local regulations and helps in the smooth transfer of property ownership.

Frequently asked questions

What is the current guideline value of Block 9 Palani Sandhu?

The current guideline value of Block 9 Palani Sandhu is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 233 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, marking an overall increase of 230% over this period.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles property registrations for Block 9 Palani Sandhu?

The Erode Joint I Sub Registrar Office handles property registrations for Block 9 Palani Sandhu, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that these costs are based on a standardized value set by the authorities.