Guideline Value for Block 15 Kalyanasundaram Road

Block 15 Kalyanasundaram Road guideline value

The current guideline value of Block 15 Kalyanasundaram 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 15 Kalyanasundaram Road has changed

The guideline value for Block 15 Kalyanasundaram Road has seen several revisions over the years. The earliest recorded figure is Rs 235 per sq.ft in 2002. This increased to Rs 266 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 350 per sq.ft in 2007, an increase of +32%. In 2012, the guideline value changed to Rs 500 per sq.ft, reflecting a +43% rise. However, it dropped to Rs 335 per sq.ft in 2017, a decrease of -33%. The 2023 revision saw a significant increase to Rs 700 per sq.ft, which was followed by another rise to the current value of Rs 771 per sq.ft in 2024, representing a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +228%. The register has no figure for this street for the years not mentioned.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, placing Block 15 Kalyanasundaram Road's 2024 figure below that median.

• Block 15 Jeevanandham Road (Main Road): Rs 1,375 per sq.ft (2024)
• Block 15 Kanaku Pillai Kadu: Rs 771 per sq.ft (2024)
• Block 15 Nethaji Road Part-1: Rs 1,375 per sq.ft (2024)
• Block 15 Annamalai Pillai Street: Rs 772 per sq.ft (2024)
• Block 15 Old Railway Station Road: Rs 771 per sq.ft (2024)
• Block 15 Alamarathu Huts (Anthoniyar Street): Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 15 Kalyanasundaram 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, while the registration fee at 2% would be Rs 15,420, making the total cost for these fees 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 information.

Which Sub Registrar Office covers Block 15 Kalyanasundaram Road?

The Sub Registrar Office that covers Block 15 Kalyanasundaram 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 details.

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

The guideline value plays a crucial role in property transactions in Ward E. It is used to determine the stamp duty and registration fees applicable during the registration of property sales. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. 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 15 Kalyanasundaram Road?

The current guideline value of Block 15 Kalyanasundaram 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 increased from Rs 235 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, showing an overall increase of +228% over this period.

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

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970 and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which Sub Registrar Office covers this property?

The Erode Joint I Sub Registrar Office covers Block 15 Kalyanasundaram Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 15 Kalyanasundaram Road?

Block 15 Kalyanasundaram Road is classified as Residential Class III Type - I.