Guideline Value for Block 12 Kumaraguruparan Road

Block 12 Kumaraguruparan Road guideline value

The current guideline value of Block 12 Kumaraguruparan Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO, classified as Commercial Class I Type - III.

How the guideline value of Block 12 Kumaraguruparan Road has changed

The guideline value for Block 12 Kumaraguruparan Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 105 per sq.ft. This increased significantly to Rs 324 per sq.ft in 2003, marking a 209% rise. The value continued to grow, reaching Rs 1,750 per sq.ft in 2007, which was a 440% increase from the previous figure. The 2012 revision set the value at Rs 2,500 per sq.ft, reflecting a 43% increase from 2007. However, in 2017, the value decreased to Rs 1,675 per sq.ft, representing a 33% drop. The 2023 revision saw a notable increase to Rs 2,500 per sq.ft, followed by a further increase to the current value of Rs 2,750 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 2,519%. The register has no figures for the years not listed for this street.

Guideline values in Ward A

Ward A village has 111 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value of Block 12 Kumaraguruparan Road is above this median.

• Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road: Rs 5,915 per sq.ft (2024)
• Block 12 A.P.Thangavel Road Main Road: Rs 1,375 per sq.ft (2024)
• Block 13 AnnamalaiLayout: Rs 2,750 per sq.ft (2024)
• Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd: Rs 5,915 per sq.ft (2024)
• Block 13 E.V.Nanjappa Nagar Road: Rs 6,600 per sq.ft (2024)
• Block 13 Municipal Colony Road: Rs 1,375 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, resulting in a total of Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 12 Kumaraguruparan Road?

The Sub Registrar Office that covers Block 12 Kumaraguruparan Road is the Erode Joint I Sub Registrar Office, 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 A

The guideline value is a crucial factor when buying or selling property in Ward A, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the transaction process.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the duty is calculated based on the guideline value to ensure compliance with registration regulations.

Frequently asked questions

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

The current guideline value of Block 12 Kumaraguruparan Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 105 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 2,519%.

What is the land classification for Block 12 Kumaraguruparan Road?

The land classification for Block 12 Kumaraguruparan Road is Commercial Class I Type - III.

How is the stamp duty calculated for properties in Block 12 Kumaraguruparan Road?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,92,500 based on the current guideline value.

Which office handles the registration for Block 12 Kumaraguruparan Road?

The registration for Block 12 Kumaraguruparan Road is handled by the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.