Guideline Value for Block 18 Kandasamy Street

Block 18 Kandasamy Street guideline value

The current guideline value of Block 18 Kandasamy Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, classified as Commercial Class I Type - III.

How the guideline value of Block 18 Kandasamy Street has changed

The guideline value for Block 18 Kandasamy Street has seen several revisions over the years. In 2002, the value was Rs 443 per sq.ft, which increased to Rs 497 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2007, and then to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017 before climbing to Rs 2,500 per sq.ft again in 2023. The latest revision in 2024 has set the value at Rs 2,750 per sq.ft.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The increase from 2023 to 2024 is 10%. Overall, from 2002 to 2024, the guideline value has increased by 521%.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value ranging 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 18 Kandasamy Street's 2024 figure above this median.

• Block 18 East Kongalamman Kovil Street: Rs 2,750 per sq.ft (2024)
• Block 18 Cauvery Road Main Road: Rs 5,500 per sq.ft (2024)
• Block 18 New Majith Street: Rs 2,750 per sq.ft (2024)
• Block 18 Sultan Pettai Street: Rs 2,750 per sq.ft (2024)
• Block 18 West Kongalamman Kovil Street: Rs 2,750 per sq.ft (2024)
• Block 17 Park Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 18 Kandasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Block 18 Kandasamy Street?

The Sub Registrar Office that covers Block 18 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 more information.

How the guideline value is used when you buy or sell in Ward C

The guideline value is a crucial factor during the registration process when buying or selling property in Ward C. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Block 18 Kandasamy Street?

The current guideline value of Block 18 Kandasamy Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 443 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 521% over the years.

What is the median guideline value in Ward C?

The median guideline value in Ward C is Rs 1,375 per sq.ft, with Block 18 Kandasamy Street's 2024 figure being above this median.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office located for Block 18 Kandasamy Street?

The Erode Joint I Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.