Guideline Value for Block 16 Kurangan Kuttai Kudisai

Block 16 Kurangan Kuttai Kudisai guideline value

The current guideline value for Block 16 Kurangan Kuttai 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, classified as Residential Class III Type - II.

How the guideline value of Block 16 Kurangan Kuttai Kudisai has changed

The guideline value for Block 16 Kurangan Kuttai Kudisai has undergone several revisions over the years. In 2002, the guideline value was Rs 148 per sq.ft. This increased to Rs 166 per sq.ft in 2003, followed by a rise to Rs 200 per sq.ft in 2007. The value then saw a significant jump to Rs 500 per sq.ft in 2012, but it dropped to Rs 335 per sq.ft in 2017. The value rose again to Rs 700 per sq.ft in 2023 and is currently set at Rs 770 per sq.ft from 2024.

Between these revisions, there were notable changes. From 2002 to 2024, the overall increase in guideline value is 420%. The change from 2017 to 2023 was an increase of 109%, while the value decreased by 33% from 2012 to 2017. The jump from 2007 to 2012 was 150%, and from 2003 to 2007, it increased by 20%. Lastly, there was a 12% increase from 2002 to 2003.

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 of Rs 1,375 per sq.ft. The guideline value for Block 16 Kurangan Kuttai Kudisai is below this median.

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

Stamp duty and registration fee for property in Block 16 Kurangan Kuttai Kudisai

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. 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 16 Kurangan Kuttai Kudisai?

The Sub Registrar Office that covers Block 16 Kurangan Kuttai Kudisai is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the 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 is an important figure used during the registration of property transactions in Ward C. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Block 16 Kurangan Kuttai Kudisai?

The current guideline value of Block 16 Kurangan Kuttai 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 changed significantly from Rs 148 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 420% over this period.

What is the stamp duty for property in Block 16 Kurangan Kuttai Kudisai?

The stamp duty for property in Block 16 Kurangan Kuttai Kudisai is 7% of the guideline value or sale price, whichever is higher.

Which office handles the registration for Block 16 Kurangan Kuttai Kudisai?

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

What is the median guideline value in Ward C?

The median guideline value in Ward C is Rs 1,375 per sq.ft, while the guideline value for Block 16 Kurangan Kuttai Kudisai is below this median at Rs 770 per sq.ft.