Guideline Value for Block 22 Kutcheri Street

Block 22 Kutcheri Street guideline value

The current guideline value of Block 22 Kutcheri Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Block 22 Kutcheri Street has changed

The guideline value for Block 22 Kutcheri Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,250 per sq.ft, which then decreased to Rs 837 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,250 per sq.ft in 2023, and further rose to Rs 1,375 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. Notably, the register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decline of 33%, but the overall change from 2012 to 2024 shows an increase of 10%. The jump from Rs 837 per sq.ft in 2017 to Rs 1,250 per sq.ft in 2023 reflects a substantial increase of 49% over that period.

Guideline values in Ward D

In Ward D, the guideline values range from Rs 770 to Rs 7,700 per sq.ft as of the 2024 revision, with a median value of Rs 798 per sq.ft. The guideline value of Block 22 Kutcheri Street is above this median, indicating its relatively higher valuation.

• Block 22 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 22 North Muhamadhiyar Lane (or) Pari Street: Rs 1,100 per sq.ft (2024)
• Block 21 Vaniya Pillaiyar Street: Rs 825 per sq.ft (2024)
• Block 21 Vallaiyakara Street: Rs 1,100 per sq.ft (2024)
• Block 21 Thattara Mandapa Street: Rs 1,100 per sq.ft (2024)
• Block 22 SouthMuhamadhiyarStreet (or) Oori Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 22 Kutcheri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value would be Rs 13,75,000. The stamp duty at 7% would amount to Rs 96,250, while the registration fee at 2% would be Rs 27,500. Together, the total cost for these fees would be Rs 1,23,750. It is important to note that 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 22 Kutcheri Street?

The Sub Registrar Office that covers Block 22 Kutcheri 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 D

The guideline value plays a crucial role in the registration process of property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate these fees. This ensures that the fees reflect the true value of the property being transferred, adhering to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Block 22 Kutcheri Street?

The current guideline value of Block 22 Kutcheri Street is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2012 to Rs 837 per sq.ft in 2017, then increased to Rs 1,250 per sq.ft in 2023, and finally to Rs 1,375 per sq.ft in 2024.

What is the land classification for Block 22 Kutcheri Street?

Block 22 Kutcheri Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Block 22 Kutcheri Street?

The Sub Registrar Office for Block 22 Kutcheri Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in Block 22 Kutcheri Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 96,250.