Guideline Value for Block 11 Krishnamoorthy Thottam Street 1 2 3

Block 11 Krishnamoorthy Thottam Street 1 2 3 guideline value

The current guideline value for Block 11 Krishnamoorthy Thottam Street 1 2 3 is Rs 771 per sq.ft, effective from 1 July 2024. This street 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 11 Krishnamoorthy Thottam Street 1 2 3 has changed

The guideline value for Block 11 Krishnamoorthy Thottam Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 225 per sq.ft. This increased to Rs 253 per sq.ft in 2003, marking a change of +12%. The value continued to rise to Rs 350 per sq.ft in 2007, an increase of +38%. In 2012, the value was revised to Rs 600 per sq.ft, reflecting a significant increase of +71%. However, the 2017 revision saw a decrease to Rs 402 per sq.ft, a drop of -33%. The value then rose to Rs 700 per sq.ft in 2023, an increase of +74%, and finally reached Rs 771 per sq.ft in the 2024 revision, which is a +10% change.

There are no figures available for the revisions in years other than those listed. The overall change from 2002 to 2024 represents an increase of +243% in the guideline value per sq.ft.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 798 per sq.ft, indicating that the 2024 guideline value for Block 11 Krishnamoorthy Thottam Street is below this median.

• Block 11 Kottaiyar Street: Rs 825 per sq.ft (2024)
• Block 11 Karpagam Lay-out 1 2 3 4: Rs 825 per sq.ft (2024)
• Block 11 Chinna Mariamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 11 OmKaliamman Kovil Theru: Rs 771 per sq.ft (2024)
• Block 11 Cauvery Road Main Road: Rs 2,750 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 Krishnamoorthy Thottam Street 1 2 3

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty is charged at 7%, which totals Rs 53,970, and the registration fee at 2% amounts to Rs 15,420. Together, these fees total Rs 69,390. It is important to 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 more detailed calculations.

Which Sub Registrar Office covers Block 11 Krishnamoorthy Thottam Street 1 2 3?

The Sub Registrar Office that covers Block 11 Krishnamoorthy Thottam Street 1 2 3 is the Erode Joint I Sub Registrar Office. The office is 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 D

The guideline value is a crucial factor in the property registration process in Ward D. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives adequate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is essential for calculating the applicable fees and ensuring compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value for Block 11 Krishnamoorthy Thottam Street 1 2 3?

The current guideline value for Block 11 Krishnamoorthy Thottam Street 1 2 3 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 225 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +243% over this period.

What is the stamp duty for properties in this area?

The stamp duty for properties in Block 11 Krishnamoorthy Thottam Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Block 11 Krishnamoorthy Thottam Street 1 2 3 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for this street?

Block 11 Krishnamoorthy Thottam Street 1 2 3 is classified as Residential Class II Type - III.