Guideline Value for Block 9 Power House Colony

Block 9 Power House Colony guideline value

The current guideline value of Block 9 Power House Colony is Rs 1,100 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 - I.

How the guideline value of Block 9 Power House Colony has changed

The guideline value for Block 9 Power House Colony has seen several revisions over the years. In 2002, the value was Rs 476 per sq.ft, which increased to Rs 536 per sq.ft in 2003. Following this, the value rose to Rs 750 per sq.ft in 2007, and then to Rs 1,000 per sq.ft in 2012. However, there was a decrease to Rs 670 per sq.ft in 2017. The value then increased significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision.

The changes between these revisions are notable. From 2002 to 2003, the increase was +13%. The value rose by +40% from 2003 to 2007. There was a +33% increase from 2007 to 2012, followed by a decrease of -33% from 2012 to 2017. The value then saw a substantial increase of +49% from 2017 to 2023. Finally, there was a +10% increase from 2023 to 2024. Overall, the guideline value has increased by +131% from 2002 to 2024.

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. The median value is Rs 1,100 per sq.ft, which is equal to the 2024 figure for Block 9 Power House Colony.

• Block 9 Periyana Street: Rs 1,100 per sq.ft (2024)
• Block 9 Pavadai Street: Rs 825 per sq.ft (2024)
• Block 9 Palaniappa Street: Rs 2,200 per sq.ft (2024)
• Block 9 Muthusamy Sandu: 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 Power House Colony

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value is 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. 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 Power House Colony?

The Sub Registrar Office that covers Block 9 Power House Colony 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 B

The guideline value is a crucial factor when registering a property in Ward B. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property in Block 9 Power House Colony, it is essential to be aware of the current guideline value, as it impacts the overall costs involved in the registration process. Ensuring compliance with the guideline value helps in smooth property transactions.

Frequently asked questions

What is the current guideline value of Block 9 Power House Colony?

The current guideline value of Block 9 Power House Colony is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 476 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of +131% over this period.

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

For a property valued at Rs 1,100 per sq.ft, the total stamp duty and registration fees would amount to Rs 99,000 for a 1,000 sq.ft plot, based on the current guideline value.

Which office handles property registrations for Block 9 Power House Colony?

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

How is the guideline value determined for properties in Ward B?

The guideline value for properties in Ward B is determined based on various factors and is updated periodically. It serves as a reference point for property transactions and is crucial for calculating applicable fees during registration.