Guideline Value for Block 1 Kuyilan Thoppu

Block 1 Kuyilan Thoppu guideline value

The current guideline value of Block 1 Kuyilan Thoppu is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Block 1 Kuyilan Thoppu has changed

The guideline value for Block 1 Kuyilan Thoppu has undergone several revisions over the years. The register shows that in 2002, the value was Rs 237 per sq.ft, which increased to Rs 266 per sq.ft in 2003. Following this, the value rose to Rs 350 per sq.ft in 2007, then to Rs 600 per sq.ft in 2012. However, there was a decrease to Rs 402 per sq.ft in 2017. The value then significantly increased to Rs 700 per sq.ft in 2023, and most recently, it reached Rs 771 per sq.ft in the 2024 revision.

Between these revisions, the changes were notable. From 2002 to 2024, the overall increase was 225%. Specifically, the change from 2017 to 2023 was +74%, while from 2012 to 2017, it was a decrease of 33%. The value increased by 71% from 2007 to 2012, 32% from 2003 to 2007, and 12% from 2002 to 2003. The change from 2023 to 2024 was +10%.

Guideline values in Ward D

In Ward D, the guideline values range from Rs 770 to Rs 7,700 per sq.ft as of 2024, with a median value of Rs 798 per sq.ft. The guideline value for Block 1 Kuyilan Thoppu is below this median.

• Block 1 North Chinna Mariamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 1 Cauvery Road: Rs 825 per sq.ft (2024)
• Block 1 Cauvery Nagar: Rs 771 per sq.ft (2024)
• Block 1 Ponnusamy Theru: Rs 770 per sq.ft (2024)
• Block 20 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 20 Cutcheri Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 1 Kuyilan Thoppu

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, totaling Rs 69,390. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 1 Kuyilan Thoppu?

The Sub Registrar Office covering Block 1 Kuyilan Thoppu 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 details.

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

The guideline value is an essential factor when registering property transactions in Ward D. It is used to determine the stamp duty and registration fees that must be paid during the property transfer process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and transparently. It helps in maintaining a standard valuation for properties, which is crucial for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of Block 1 Kuyilan Thoppu?

The current guideline value of Block 1 Kuyilan Thoppu is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 237 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, showing an overall increase of 225% over this period.

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

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970, and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which office handles property registrations for Block 1 Kuyilan Thoppu?

The Erode Joint I Sub Registrar Office handles property registrations for Block 1 Kuyilan Thoppu, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 1 Kuyilan Thoppu?

The land classification for Block 1 Kuyilan Thoppu is Residential Class II Type - III.