Guideline Value for Block 1 Krishnampalayam Harijan Colony

Block 1 Krishnampalayam Harijan Colony guideline value

The current guideline value of Block 1 Krishnampalayam Harijan Colony is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 1 Krishnampalayam Harijan Colony has changed

The guideline value for Block 1 Krishnampalayam Harijan Colony has undergone several revisions over the years. In 2002, the guideline value was Rs 105 per sq.ft, which increased to Rs 208 per sq.ft in 2003, marking an increase of 98%. The value then rose to Rs 250 per sq.ft in 2007, reflecting a 20% increase. By 2012, the value was Rs 400 per sq.ft, showing a 60% increase from the previous revision. However, in 2017, the value decreased to Rs 335 per sq.ft, indicating a decline of 16%. The value then significantly increased to Rs 700 per sq.ft in 2023, which was a remarkable increase of 109% from the 2017 figure. The current revision in 2024 sees the guideline value rise to Rs 770 per sq.ft, a 10% increase from 2023.

The overall change from the 2002 revision to the current 2024 figure represents an increase of 633%. There are no figures for this street in the register for any other years.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with the median being Rs 1,375 per sq.ft. The guideline value for Block 1 Krishnampalayam Harijan Colony is below this median.

• Block 1 Krishnapalayam Road 1,2,3: Rs 1,100 per sq.ft (2024)
• Block 1 Madhavakadu Layout: Rs 770 per sq.ft (2024)
• Block 1 New State Bank colony: Rs 1,100 per sq.ft (2024)
• Block 1 O.M.R.Colony: Rs 1,100 per sq.ft (2024)
• Block 19 Varanavasi Street: Rs 825 per sq.ft (2024)
• Block 19 Thiyagi Kumaram Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 1 Krishnampalayam Harijan Colony

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to 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. Please note that the 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 further calculations.

Which Sub Registrar Office covers Block 1 Krishnampalayam Harijan Colony?

The Sub Registrar Office that covers Block 1 Krishnampalayam Harijan 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 A

The guideline value is an important factor during property registration in Ward A. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the current market conditions.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Block 1 Krishnampalayam Harijan Colony?

The current guideline value of Block 1 Krishnampalayam Harijan Colony 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 105 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 633% over this period.

What are the registration fees for property transactions 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 1 Krishnampalayam Harijan Colony?

The Erode Joint I Sub Registrar Office handles property registrations for Block 1 Krishnampalayam Harijan Colony, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the median guideline value for streets in Ward A?

The median guideline value for streets in Ward A is Rs 1,375 per sq.ft, while Block 1 Krishnampalayam Harijan Colony's value is below this median at Rs 770 per sq.ft.