Guideline Value for Block 16 Kandasamy Street

Block 16 Kandasamy Street guideline value

The current guideline value for Block 16 Kandasamy Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Block 16 Kandasamy Street has changed

Since the 2002 revision, the guideline value for Block 16 Kandasamy Street has seen significant changes. The 2002 revision recorded a value of Rs 279 per sq.ft, which increased to Rs 313 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 500 per sq.ft in 2007, showing a 60% increase. In 2012, the value was Rs 1,000 per sq.ft, reflecting a 100% increase from the previous revision. The 2017 revision saw a decrease to Rs 670 per sq.ft, a drop of 33%. Following this, the 2023 revision set the value at Rs 1,000 per sq.ft, and the latest 2024 revision has increased it to Rs 1,100 per sq.ft, representing a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 294%. Notably, there are no figures available for the revisions in the years not mentioned in this register.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value range from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 16 Kandasamy Street's 2024 figure below this median.

• Block 16 Kandasamy Kudisai: Rs 770 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 Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the 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 16 Kandasamy Street?

The Sub Registrar Office that covers Block 16 Kandasamy 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 C

The guideline value is a crucial factor during the registration of property transactions in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value helps in establishing a fair transaction amount that aligns with government regulations. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Block 16 Kandasamy Street?

The current guideline value for Block 16 Kandasamy Street is Rs 1,100 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 279 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 294% over this period.

What is the land classification for Block 16 Kandasamy Street?

Block 16 Kandasamy Street falls under the Residential Class II Type - I land classification.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles the registration for Block 16 Kandasamy Street?

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