Guideline Value for Block 14 Kanthappa Street

Block 14 Kanthappa Street guideline value

The current guideline value for Block 14 Kanthappa Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Block 14 Kanthappa Street has changed

The guideline value for Block 14 Kanthappa Street has seen several revisions over the years. In 2002, the value was Rs 275 per sq.ft, which increased to Rs 309 per sq.ft in 2003. Following that, the value rose significantly to Rs 500 per sq.ft in 2007 and further increased to Rs 750 per sq.ft in 2012. However, it dropped to Rs 502 per sq.ft in 2017. The value then increased to Rs 750 per sq.ft in 2023 before reaching the current value of Rs 825 per sq.ft in 2024.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The 2023 to 2024 revision reflects a 10% increase. The overall change from 2002 to 2024 shows a substantial increase of 200%. There are no figures available for the revisions in years not mentioned in the register 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 the median being Rs 1,100 per sq.ft. The guideline value for Block 14 Kanthappa Street is below this median.

• Block 14 Kanthappa Lane: Rs 771 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 14 Kalaimagal School Road: Rs 1,375 per sq.ft (2024)
• Block 14 E.V.Nanajappa Road: Rs 3,300 per sq.ft (2024)
• Block 14 Patel Road: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 14 Kanthappa Street

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, 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. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 14 Kanthappa Street?

The Sub Registrar Office that covers Block 14 Kanthappa Street 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 further assistance.

How the guideline value is used when you buy or sell in Ward B

The guideline value plays a crucial role in the registration process of properties in Ward B. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the transaction is documented accurately and complies with the regulations set by the registration department.

Buyers and sellers should be aware that the guideline value is the minimum value considered for property transactions. It is essential to check the current guideline value before proceeding with any property transactions to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Block 14 Kanthappa Street?

The current guideline value for Block 14 Kanthappa Street 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 275 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 200% over the years.

What are the other streets in Ward B with guideline values?

Other streets in Ward B include Block 14 Kanthappa Lane at Rs 771 per sq.ft, Block 14 Kumarasamy Layout at Rs 825 per sq.ft, and Block 14 Kalaimagal School Road at Rs 1,375 per sq.ft, among others.

How is stamp duty calculated for properties in Block 14 Kanthappa Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 57,750.

Where can I find the Sub Registrar Office for Block 14 Kanthappa Street?

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