Guideline Value for Block 16 Kurangan Kuttai

Block 16 Kurangan Kuttai guideline value

The current guideline value of Block 16 Kurangan Kuttai 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 has changed

The guideline value for Block 16 Kurangan Kuttai has undergone several revisions over the years. In 2002, the value was Rs 148 per sq.ft, which increased to Rs 166 per sq.ft in 2003, marking a 12% rise. The value saw a further increase to Rs 200 per sq.ft in 2007, reflecting a 20% change. In 2012, the value jumped to Rs 500 per sq.ft, a significant increase of 150%. However, it then decreased to Rs 335 per sq.ft in 2017, representing a 33% drop. The value rose again to Rs 700 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 770 per sq.ft, showing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 420%. There are no figures available for the revisions in years other than those listed above for this street.

Guideline values in Ward C

In Ward C, the guideline values range from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 16 Kurangan Kuttai is below this median.

• Block 16 Kandasamy Street: Rs 1,100 per sq.ft (2024)
• Block 16 Kurangan Kuttai Kudisai: Rs 770 per sq.ft (2024)
• Block 16 Kandasamy 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 Kurangan Kuttai

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total 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, making the total cost for these fees Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 16 Kurangan Kuttai?

The Sub Registrar Office that covers Block 16 Kurangan Kuttai 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 a crucial factor in the registration process for property transactions in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When you register a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented according to the established rates. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

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

The current guideline value of Block 16 Kurangan Kuttai 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 the years.

What is the land classification for Block 16 Kurangan Kuttai?

Block 16 Kurangan Kuttai is classified as Residential Class III Type - II, indicating its suitability for residential development.

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

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

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

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