Guideline Value for Block 14 Karur Road

Block 14 Karur Road guideline value

The current guideline value of Block 14 Karur Road is Rs 771 per sq.ft, effective from 1 July 2024. This property 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 14 Karur Road has changed

The guideline value for Block 14 Karur Road has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 500 per sq.ft. In 2017, the value increased to Rs 335 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 700 per sq.ft, reflecting an increase of 109%. The most recent revision in 2024 set the value at Rs 771 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 54%.

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 value for these streets is Rs 825 per sq.ft, positioning Block 14 Karur Road's 2024 figure below that median.

• Block 14 Nethaji Road Part-2: Rs 1,375 per sq.ft (2024)
• Block 14 Chatram Street: Rs 772 per sq.ft (2024)
• Block 15 Alamarathu Huts (Anthoniyar Street): Rs 771 per sq.ft (2024)
• Block 15 Annamalai Pillai Street: Rs 772 per sq.ft (2024)
• Block 13 Old Railway Station Road: Rs 771 per sq.ft (2024)
• Block 13 Old Arundhadhiyar Huts: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 14 Karur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total 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, totaling Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 14 Karur Road?

The Sub Registrar Office that covers Block 14 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 plays a crucial role in the registration process of property transactions in Ward E. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Block 14 Karur Road?

The current guideline value of Block 14 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 500 per sq.ft in 2012 to Rs 771 per sq.ft in 2024, reflecting a 54% increase overall.

What is the stamp duty for properties in Block 14 Karur Road?

The stamp duty for properties in Block 14 Karur Road is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I visit for transactions in Block 14 Karur Road?

The Erode Joint I Sub Registrar Office is responsible for transactions in Block 14 Karur Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 14 Karur Road?

Block 14 Karur Road is classified as Residential Class III Type - I.