Guideline Value for Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar

Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar guideline value

The current guideline value for Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar 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 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar has changed

The guideline value for Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 451 per sq.ft. This increased to Rs 506 per sq.ft in 2003, marking a 12% rise. The value continued to rise, reaching Rs 600 per sq.ft in 2007, which was a 19% increase from the previous revision. In 2012, the guideline value was Rs 750 per sq.ft, reflecting a 25% increase from 2007. However, it dropped to Rs 502 per sq.ft in 2017, indicating a decrease of 33% from 2012. The value then rose significantly to Rs 750 per sq.ft in 2023, a 49% increase from 2017, before reaching the current value of Rs 825 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 83%. Notably, there are no figures for this street in the register for the years not listed above.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO with a 2024 guideline value ranging 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 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar is above this median.

• Block 12 Chenniappa Lay-out: Rs 825 per sq.ft (2024)
• Block 12 Kottaiyar Street: Rs 825 per sq.ft (2024)
• Block 12 Cauvery Road Main Road: Rs 2,750 per sq.ft (2024)
• Block 12 Om Kaliamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 11 Senniappa Lay-out: Rs 825 per sq.ft (2024)
• Block 11 Ranganathan Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty, charged at 7%, would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total fees to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar?

The Sub Registrar Office that covers Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar 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 D

The guideline value plays a crucial role in the registration process for property transactions in Ward D. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value for Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar?

The current guideline value for Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar 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 451 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 83%. Notable changes include a drop to Rs 502 per sq.ft in 2017 and a rise to Rs 825 per sq.ft in 2024.

What is the land classification for Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar?

The land classification for Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar is Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the registration office for this area?

The registration office for Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current guideline value, the total fees would amount to Rs 74,250, including stamp duty and registration fees.