Guideline Value for Block 23 Karuppana Samy Kovil Street

Block 23 Karuppana Samy Kovil Street guideline value

The current guideline value of Block 23 Karuppana Samy Kovil Street is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO, with a land classification of Residential Class II Type - III.

How the guideline value of Block 23 Karuppana Samy Kovil Street has changed

The guideline value for Block 23 Karuppana Samy Kovil Street has seen several revisions over the years. In 2002, the guideline value was Rs 213 per sq.ft. This increased to Rs 239 per sq.ft in 2003, marking a 12% rise. The value then saw a modest increase of 5% to Rs 250 per sq.ft in 2007. Following this, there was a significant jump of 140%, raising the value to Rs 600 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33%, resulting in a new figure of Rs 402 per sq.ft. The guideline value then rose sharply by 74% to Rs 700 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 771 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in the years not mentioned in this context. The overall increase in the guideline value from 2002 to 2024 is 262%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Block 23 Karuppana Samy Kovil Street is below this median.

• Block 23 Giramadai 1 to 5: Rs 770 per sq.ft (2024)
• Block 23 Deva Street: Rs 770 per sq.ft (2024)
• Block 23 Rajarathinam Street: Rs 770 per sq.ft (2024)
• Block 23 S.K.C.Road T.S.59: Rs 1,100 per sq.ft (2024)
• Block 23 ThanaKodi Lay Out: Rs 771 per sq.ft (2024)
• Block 22 Vela Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 23 Karuppana Samy Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total fees to Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 23 Karuppana Samy Kovil Street?

The Sub Registrar Office that covers Block 23 Karuppana Samy Kovil 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 B

The guideline value is a crucial factor in the registration process when buying or selling property. It determines the amount of stamp duty and registration fees payable, which are based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is documented at a fair value as per government standards. This process aids in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Block 23 Karuppana Samy Kovil Street?

The current guideline value for Block 23 Karuppana Samy Kovil Street is Rs 771 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 213 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 262% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 69,390, which includes stamp duty and registration fees based on the guideline value.

Which office handles the registration for properties in this street?

The Erode Joint I Sub Registrar Office handles the registration for properties in Block 23 Karuppana Samy Kovil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the median guideline value for streets in Ward B?

The median guideline value for streets in Ward B is Rs 1,100 per sq.ft, with Block 23 Karuppana Samy Kovil Street's value being below this median at Rs 771 per sq.ft.