Guideline Value for Block 13 Karpagam Lay-out

Block 13 Karpagam Lay-out guideline value

The current guideline value for Block 13 Karpagam Lay-out 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, classified as Residential Class II Type - II.

How the guideline value of Block 13 Karpagam Lay-out has changed

Over the years, the guideline value for Block 13 Karpagam Lay-out has seen several revisions. The 2024 revision set the value at Rs 825 per sq.ft, an increase from Rs 750 per sq.ft in 2023. This marks a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 502 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023.

Looking further back, the 2012 revision also noted a guideline value of Rs 750 per sq.ft, which was a decrease of 33% from the 2017 figure. The 2007 revision set the value at Rs 600 per sq.ft, reflecting a 25% increase from 2002 to 2012. The 2003 revision recorded Rs 504 per sq.ft, which was a 19% increase from Rs 449 per sq.ft in 2002. Overall, from 2002 to 2024, the guideline value has increased by 84%. The register has no figures for years other than those specified.

Guideline values in Ward D

In Ward D, the guideline values range from Rs 770 to Rs 7,700 per sq.ft, with the median being Rs 798 per sq.ft. The guideline value for Block 13 Karpagam Lay-out is above this median, indicating a relatively higher valuation compared to other streets in the area.

• Block 13 Lakshmi Narayanan Nagar: Rs 771 per sq.ft (2024)
• Block 13 Chella Batsha Street: Rs 825 per sq.ft (2024)
• Block 13 Cauvery Road Main Road: Rs 1,925 per sq.ft (2024)
• Block 13 Arunthathiyar Vaikal Street Road 1,2,3 Mosikeeranar Street .12.3..: Rs 825 per sq.ft (2024)
• Block 12 Om Kaliamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 14 Cauvery Road Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Block 13 Karpagam Lay-out

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, totaling Rs 74,250. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 13 Karpagam Lay-out?

The Sub Registrar Office that covers Block 13 Karpagam Lay-out 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 property transactions in Ward D. It is the basis for calculating stamp duty and registration fees when buying or selling property. The guideline value is determined by the government and is updated periodically to reflect changes in the real estate market.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value for Block 13 Karpagam Lay-out?

The current guideline value for Block 13 Karpagam Lay-out is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value increased from Rs 502 per sq.ft to Rs 825 per sq.ft, marking a significant increase of 49% over this period.

What is the land classification for Block 13 Karpagam Lay-out?

Block 13 Karpagam Lay-out is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250.

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

The Sub Registrar Office covering Block 13 Karpagam Lay-out is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.