Guideline Value for Block 2 K.A.S Nagar

Block 2 K.A.S Nagar guideline value

The current guideline value of Block 2 K.A.S Nagar is Rs 771 per sq.ft. This area is located in Ward D village and falls under the Erode Joint I SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Block 2 K.A.S Nagar has changed

The guideline value for Block 2 K.A.S Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 223 per sq.ft. It increased to Rs 250 per sq.ft in 2003, followed by a rise to Rs 350 per sq.ft in 2007. The 2012 revision saw a slight increase to Rs 600 per sq.ft, but this dropped to Rs 402 per sq.ft in 2017. The value then rose significantly to Rs 700 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 771 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 246%.

Between the revisions, notable changes include a 12% increase from 2002 to 2003, a 40% rise from 2003 to 2007, a 71% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, a substantial 74% increase from 2017 to 2023, and a 10% rise from 2023 to 2024.

Guideline values in Ward D

In Ward D, there are 200 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 798 per sq.ft. The guideline value of Block 2 K.A.S Nagar is below this median.

• Block 2 Karungalpalayam Vaykal Marapalam Road: Rs 825 per sq.ft (2024)
• Block 2 New Cauvery Road: Rs 771 per sq.ft (2024)
• Block 2 Ponnusamy Theru: Rs 770 per sq.ft (2024)
• Block 2 Arumugam Street: Rs 771 per sq.ft (2024)
• Block 2 Annanagar 1st Street: Rs 771 per sq.ft (2024)
• Block 2 Ranga Bavan Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 2 K.A.S Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total to Rs 69,390. It is important to note that the 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 2 K.A.S Nagar?

The Sub Registrar Office that covers Block 2 K.A.S Nagar is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees payable during the registration of property. Buyers and sellers must be aware of the guideline value to ensure compliance with the registration requirements.

When a property is sold, the sale price and the guideline value are compared, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Block 2 K.A.S Nagar?

The current guideline value of Block 2 K.A.S Nagar is Rs 771 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 223 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of 246%.

What is the land classification for Block 2 K.A.S Nagar?

The land classification for Block 2 K.A.S Nagar is Residential Class II Type - III.

Where can I find the Erode Joint I Sub Registrar Office?

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

How is the stamp duty calculated for properties in Block 2 K.A.S Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 771 per sq.ft would incur a total guideline value of Rs 7,71,000, with stamp duty and registration fees calculated accordingly.