Guideline Value for Block 9 Pavadai Street

Block 9 Pavadai Street guideline value

The current guideline value of Block 9 Pavadai 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 it is classified as Residential Class II Type - II.

How the guideline value of Block 9 Pavadai Street has changed

The guideline value for Block 9 Pavadai Street has undergone several revisions over the years. In 2002, the value was Rs 446 per sq.ft, which increased to Rs 500 per sq.ft in both 2003 and 2007. The value then rose to Rs 750 per sq.ft in 2012, followed by a decrease to Rs 502 per sq.ft in 2017. Subsequently, the value saw a significant increase to Rs 750 per sq.ft in 2023, and finally, it reached Rs 825 per sq.ft in the 2024 revision.

In terms of percentage changes, the value increased by 12% from 2002 to 2003, remained unchanged from 2003 to 2007, increased by 50% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase.

Guideline values in Ward B

In Ward B, there are a total of 170 streets that have a guideline value for 2024, ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Block 9 Pavadai Street's 2024 figure below that median.

• Block 9 Palaniappa Street: Rs 2,200 per sq.ft (2024)
• Block 9 Periyana Street: Rs 1,100 per sq.ft (2024)
• Block 9 Muthusamy Sandu: Rs 1,100 per sq.ft (2024)
• Block 9 Power House Colony: Rs 1,100 per sq.ft (2024)
• Block 9 Kalaimagal School Road: Rs 1,100 per sq.ft (2024)
• Block 9 E.V.Nanjappa Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Block 9 Pavadai 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 amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 9 Pavadai Street?

The Sub Registrar Office that covers Block 9 Pavadai 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 information.

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

The guideline value is a crucial factor in the registration process for property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Block 9 Pavadai Street?

The current guideline value of Block 9 Pavadai 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 446 in 2002 to Rs 825 in 2024, with several revisions occurring in between. The most notable changes include a rise from Rs 502 in 2017 to Rs 750 in 2023, followed by a further increase to Rs 825 in 2024.

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

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250. These fees are calculated based on the guideline value.

Which office handles property registration for Block 9 Pavadai Street?

The Erode Joint I Sub Registrar Office is responsible for property registration in Block 9 Pavadai Street. It is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 9 Pavadai Street?

Block 9 Pavadai Street is classified as Residential Class II Type - II. This classification affects the guideline value and potential uses of the property.