Guideline Value for Block 14 Kalaimagal School Road

Block 14 Kalaimagal School Road guideline value

The current guideline value for Block 14 Kalaimagal School Road is Rs 1,375 per sq.ft, effective from 1 July 2024. This property is located in Ward B village under the Erode Joint I SRO, classified as Residential Class I Type - III.

How the guideline value of Block 14 Kalaimagal School Road has changed

The guideline value for Block 14 Kalaimagal School Road has seen several revisions over the years. In 2002, the value was Rs 532 per sq.ft. This increased to Rs 596 per sq.ft in 2003, marking a 12% rise. The value continued to rise, reaching Rs 750 per sq.ft in 2007, which was a 26% increase from the previous revision. By 2012, the value had increased to Rs 1,250 per sq.ft, reflecting a significant 67% jump from 2007. However, in 2017, the value dropped to Rs 837 per sq.ft, a decrease of 33% from 2012. The value then rose again to Rs 1,250 per sq.ft in 2023, before reaching the current rate of Rs 1,375 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 158%. There are no figures available for other revisions for this street.

Guideline values in Ward B

In Ward B, there are 170 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 1,100 per sq.ft. The guideline value for Block 14 Kalaimagal School Road is above this median.

• Block 14 E.V.Nanajappa Road: Rs 3,300 per sq.ft (2024)
• Block 14 Kanthappa Lane: Rs 771 per sq.ft (2024)
• Block 14 Kanthappa Street: Rs 825 per sq.ft (2024)
• Block 14 Kumarasamy Layout: Rs 825 per sq.ft (2024)
• Block 14 Kumarasamy Street: Rs 825 per sq.ft (2024)
• Block 13 Varatharajan St: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 14 Kalaimagal School Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value would be Rs 13,75,000. The stamp duty at 7% would amount to Rs 96,250, and the registration fee at 2% would be Rs 27,500, totaling Rs 1,23,750. 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 14 Kalaimagal School Road?

The Sub Registrar Office that covers Block 14 Kalaimagal School 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 B

The guideline value is a crucial factor when registering property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Block 14 Kalaimagal School Road?

The current guideline value for Block 14 Kalaimagal School Road 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 significantly, increasing from Rs 532 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, which is an overall increase of 158% over the years.

What factors influence the guideline value in Ward B?

The guideline value in Ward B is influenced by various factors, including land classification and the overall market conditions, as reflected in the revisions made by the registration department.

Where can I find more information about stamp duty and registration fees?

More information about stamp duty and registration fees can be found using our stamp duty and registration fee calculator.

Which office handles the registration for Block 14 Kalaimagal School Road?

The registration for Block 14 Kalaimagal School Road is handled by the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.