Guideline Value for Block 11 Karpagam Lay-out 1 2 3 4

Block 11 Karpagam Lay-out 1 2 3 4 guideline value

The current guideline value for Block 11 Karpagam Lay-out 1 2 3 4 is Rs 825 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 - II.

How the guideline value of Block 11 Karpagam Lay-out 1 2 3 4 has changed

The guideline value for Block 11 Karpagam Lay-out 1 2 3 4 has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 449 per sq.ft. This increased to Rs 504 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 600 per sq.ft in 2007, reflecting a 19% increase. In 2012, the guideline value was Rs 750 per sq.ft, which was a 25% increase from the previous revision. However, it dropped to Rs 502 per sq.ft in 2017, indicating a decrease of 33%. The value increased significantly to Rs 750 per sq.ft in 2023, a 49% rise, and finally reached Rs 825 per sq.ft in 2024, a 10% increase.

There are no figures available for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 84%.

Guideline values in Ward D

In Ward D, the guideline values for 200 streets under the Erode Joint I SRO range 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 11 Karpagam Lay-out 1 2 3 4 is above this median.

• Block 11 Kottaiyar Street: Rs 825 per sq.ft (2024)
• Block 11 Krishnamoorthy Thottam Street 1 2 3: Rs 771 per sq.ft (2024)
• Block 11 Chinna Mariamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 11 Cauvery Road Main Road: Rs 2,750 per sq.ft (2024)
• Block 11 OmKaliamman Kovil Theru: Rs 771 per sq.ft (2024)
• Block 11 Periya Mariamman Kovil Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 11 Karpagam Lay-out 1 2 3 4

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. 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 details.

Which Sub Registrar Office covers Block 11 Karpagam Lay-out 1 2 3 4?

The Sub Registrar Office that covers Block 11 Karpagam Lay-out 1 2 3 4 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 additional information.

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

The guideline value plays a crucial role during the registration of property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price of the property.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall cost of the transaction. This ensures that both buyers and sellers are informed of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value for Block 11 Karpagam Lay-out 1 2 3 4?

The current guideline value for Block 11 Karpagam Lay-out 1 2 3 4 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 449 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 84% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would be Rs 74,250, which includes Rs 57,750 for stamp duty and Rs 16,500 for registration fees.

Which Sub Registrar Office covers this area?

The Erode Joint I Sub Registrar Office covers Block 11 Karpagam Lay-out 1 2 3 4, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 11 Karpagam Lay-out 1 2 3 4?

The land classification for Block 11 Karpagam Lay-out 1 2 3 4 is Residential Class II Type - II.