Guideline Value for Block 12 Karur Road

Block 12 Karur Road guideline value

The current guideline value of Block 12 Karur Road is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 12 Karur Road has changed

The guideline value of Block 12 Karur Road has seen several revisions over the years. In 2012, the value was Rs 400 per sq.ft. This increased to Rs 335 per sq.ft in 2017, marking a decrease of 16%. However, from 2017 to 2023, the value rose significantly to Rs 700 per sq.ft, an increase of 109%. The most recent revision in 2024 raised the value to Rs 771 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures recorded for this street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 93%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, which means that Block 12 Karur Road's 2024 figure is below that median.

• Block 12 Nataraja Theatre Huts: Rs 771 per sq.ft (2024)
• Block 12 Old Arundhadhiyar Huts: Rs 770 per sq.ft (2024)
• Block 12 Old Railway Station Road: Rs 771 per sq.ft (2024)
• Block 12 Patchiamman Kovil Street: Rs 770 per sq.ft (2024)
• Block 11 Vaikkal Road (old): Rs 771 per sq.ft (2024)
• Block 11 Vaikkal Road: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 12 Karur Road

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, together 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 details.

Which Sub Registrar Office covers Block 12 Karur Road?

The Sub Registrar Office that covers Block 12 Karur Road 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 E

The guideline value is an essential factor in the registration process of property transactions in Ward E. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the Registration Department.

When buying or selling property, it is crucial to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Block 12 Karur Road?

The current guideline value of Block 12 Karur Road 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 400 per sq.ft in 2012 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 93% over this period.

What was the guideline value in 2023?

In 2023, the guideline value of Block 12 Karur Road was Rs 700 per sq.ft.

What is the role of the Erode Joint I SRO?

The Erode Joint I SRO is responsible for maintaining the guideline value register and overseeing property registrations in the area, including Block 12 Karur Road.

How can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees based on the guideline value using the stamp duty and registration fee calculator.