Guideline Value for Block 11 Krishnan St

Block 11 Krishnan St guideline value

The current guideline value for Block 11 Krishnan St is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Block 11 Krishnan St has changed

The guideline value for Block 11 Krishnan St has undergone several revisions over the years. In 2003, the guideline value was Rs 413 per sq.ft, which increased to Rs 750 per sq.ft in 2007. Following this, the value rose significantly to Rs 1,250 per sq.ft in 2012, before experiencing a decline to Rs 837 per sq.ft in 2017. The value then saw a substantial increase to Rs 1,250 per sq.ft in 2023, and finally, it reached Rs 1,375 per sq.ft in the 2024 revision.

Between these revisions, the changes were notable. From 2003 to 2007, the value increased by 82%, while from 2007 to 2012, it rose by 67%. However, from 2012 to 2017, there was a decrease of 33%. The value then surged by 49% from 2017 to 2023, and the latest revision from 2023 to 2024 saw an increase of 10%. Overall, from 2003 to 2024, the guideline value has increased by 233%. The register has no figure for this street in 2002.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,375 per sq.ft, which is equal to the current figure for Block 11 Krishnan St.

• Block 11 New Market Road: Rs 2,750 per sq.ft (2024)
• Block 11 EVK Sampath Salai: Rs 2,750 per sq.ft (2024)
• Block 11 Thangavelu Road: Rs 2,750 per sq.ft (2024)
• Block 11 Veerapathira Road: Rs 4,400 per sq.ft (2024)
• Block 10 Park Road A.P.Thangavel Road: Rs 1,650 per sq.ft (2024)
• Block 12 A P T Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 11 Krishnan St

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, totaling Rs 1,23,750. 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 Krishnan St?

The Sub Registrar Office that covers Block 11 Krishnan St 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 C

The guideline value is a crucial factor when buying or selling property in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value is used for calculating these charges, ensuring compliance with local regulations.

When registering a property, the guideline value helps in establishing the official value of the property for taxation purposes. This ensures that both parties in the transaction are aware of the financial implications associated with the sale, providing transparency and clarity in the process.

Frequently asked questions

What is the current guideline value for Block 11 Krishnan St?

The current guideline value for Block 11 Krishnan St is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 413 per sq.ft in 2003 to Rs 1,375 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Block 11 Krishnan St?

Block 11 Krishnan St is classified as Residential Class I Type - III.

Where can I find the Erode Joint I SRO?

The Erode Joint I SRO is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in Block 11 Krishnan St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 96,250.