Guideline Value for Block 15 Kanaku Pillai Kadu

Block 15 Kanaku Pillai Kadu guideline value

The current guideline value of Block 15 Kanaku Pillai Kadu is Rs 771 per sq.ft, effective from 1 July 2024. This area 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 Kanaku Pillai Kadu has changed

The guideline value for Block 15 Kanaku Pillai Kadu has undergone several revisions over the years. In 2002, the value was Rs 127 per sq.ft, which increased to Rs 144 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 200 per sq.ft in 2007, reflecting a +39% increase. By 2012, the value had further increased to Rs 500 per sq.ft, a significant jump of +150%. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, which is a drop of -33%. The 2017 revision set the value at Rs 335 per sq.ft, which then saw a substantial rise to Rs 700 per sq.ft in 2023, an increase of +109%. The latest revision in 2024 has set the value at Rs 771 per sq.ft, which is a +10% increase from the previous year.

There are no figures available for revisions in years other than those listed. The overall increase from 2002 to 2024 is +507%.

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, with a median value of Rs 825 per sq.ft. The guideline value for Block 15 Kanaku Pillai Kadu is below this median.

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

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. Together, these fees would total Rs 69,390. 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 15 Kanaku Pillai Kadu?

The Sub Registrar Office that covers Block 15 Kanaku Pillai Kadu 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 is a crucial factor in the registration process when buying or selling property in Ward E. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Block 15 Kanaku Pillai Kadu?

The current guideline value of Block 15 Kanaku Pillai Kadu 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 significantly from Rs 127 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +507% over this period.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 69,390, based on the guideline value of Rs 7,71,000.

Which office handles the registration for Block 15 Kanaku Pillai Kadu?

The Erode Joint I Sub Registrar Office handles the registration for Block 15 Kanaku Pillai Kadu, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 15 Kanaku Pillai Kadu?

Block 15 Kanaku Pillai Kadu is classified as Residential Class III Type - I, indicating its use for residential purposes.