Guideline Value for Block 16 Kandasamy Kudisai

Block 16 Kandasamy Kudisai guideline value

The current guideline value of Block 16 Kandasamy Kudisai is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward C village, under the Erode Joint I SRO, and is classified as Residential Class III Type - II.

How the guideline value of Block 16 Kandasamy Kudisai has changed

The guideline value for Block 16 Kandasamy Kudisai has undergone several revisions since 2002. The 2002 revision set the value at Rs 141 per sq.ft, which increased to Rs 158 per sq.ft in 2003, marking a 12% rise. The value then saw a 27% increase to Rs 200 per sq.ft in 2007. Following this, the 2012 revision brought the value to Rs 500 per sq.ft, a significant increase of 150%. However, the 2017 revision saw a decrease of 33%, bringing it down to Rs 335 per sq.ft. The value then jumped to Rs 700 per sq.ft in 2023, reflecting a 109% increase, before reaching the current rate of Rs 770 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the years not listed in the register for this street. The overall change from 2002 to 2024 is an increase of 446% in the guideline value.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value of Block 16 Kandasamy Kudisai is below this median.

• Block 16 Kandasamy Street: Rs 1,100 per sq.ft (2024)
• Block 16 Kurangan Kuttai: Rs 770 per sq.ft (2024)
• Block 16 Kurangan Kuttai Kudisai: Rs 770 per sq.ft (2024)
• Block 16 Municipal Higher Secondary School Street: Rs 1,100 per sq.ft (2024)
• Block 16 Cauvery Road Main Road: Rs 2,750 per sq.ft (2024)
• Block 16 New Masudi Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 16 Kandasamy Kudisai

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total Rs 69,300. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 16 Kandasamy Kudisai?

The Sub Registrar Office that covers Block 16 Kandasamy Kudisai 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 C

The guideline value plays a crucial role when buying or selling property in Ward C. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties.

When registering a property, the guideline value ensures that the government receives the appropriate revenue from property transactions. It is essential for both buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Block 16 Kandasamy Kudisai?

The current guideline value of Block 16 Kandasamy Kudisai is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 141 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, showing an overall increase of 446% over this period.

What is the classification of the land in Block 16 Kandasamy Kudisai?

The land classification for Block 16 Kandasamy Kudisai is Residential Class III Type - II.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for Block 16 Kandasamy Kudisai is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 7,70,000, the stamp duty at 7% would be Rs 53,900.