Guideline Value for Block 23 Kaliyankadu Huts

Block 23 Kaliyankadu Huts guideline value

The current guideline value of Block 23 Kaliyankadu Huts is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 23 Kaliyankadu Huts has changed

The guideline value for Block 23 Kaliyankadu Huts has seen several revisions over the years. In 2003, the value was Rs 231 per sq.ft, which increased to Rs 350 per sq.ft in 2007, followed by a rise to Rs 400 per sq.ft in 2012. However, there was a decline to Rs 335 per sq.ft in 2017. The value then jumped significantly to Rs 700 per sq.ft in 2023, and currently stands at Rs 771 per sq.ft as of the 2024 revision. Notably, there is no figure available for the year 2002 in the register for this street.

Between the revisions, the changes are as follows: from 2003 to 2007, there was a 52% increase; from 2007 to 2012, there was a 14% increase; however, from 2012 to 2017, there was a 16% decrease. The value then surged by 109% from 2017 to 2023, and increased by 10% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 234%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 23 Kaliyankadu Huts is below this median.

• Block 23 Housing Unit (Periyar Nagar): Rs 2,200 per sq.ft (2024)
• Block 23 Govindharaja Street (or) Nagar: Rs 1,100 per sq.ft (2024)
• Block 23 Kulathu Palayam: Rs 771 per sq.ft (2024)
• Block 23 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 23 Mettur Road: Rs 2,750 per sq.ft (2024)
• Block 23 Chithambaram Colony street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 23 Kaliyankadu Huts

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 cost for these fees 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 23 Kaliyankadu Huts?

The Sub Registrar Office that covers Block 23 Kaliyankadu Huts 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 E

The guideline value is a crucial factor when registering property transactions in Ward E. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Block 23 Kaliyankadu Huts?

The current guideline value of Block 23 Kaliyankadu Huts is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 231 per sq.ft in 2003 to Rs 771 per sq.ft in 2024, with notable increases and decreases throughout the years.

What is the land classification of Block 23 Kaliyankadu Huts?

Block 23 Kaliyankadu Huts is classified as Residential Class III Type - I.

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

The Sub Registrar Office for Block 23 Kaliyankadu Huts is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is 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, for a property valued at Rs 7,71,000, the stamp duty at 7% would be Rs 53,970.