Guideline Value for Block 23 Krishnasamy Street

Block 23 Krishnasamy Street guideline value

The current guideline value for Block 23 Krishnasamy Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward A village, under the Erode Joint I SRO, and is classified as Residential Class II Type - II.

How the guideline value of Block 23 Krishnasamy Street has changed

The guideline value for Block 23 Krishnasamy Street has seen several revisions over the years. In 2002, the guideline value was Rs 105 per sq.ft, which increased significantly to Rs 359 per sq.ft in 2003. The value continued to rise, reaching Rs 500 per sq.ft in 2007. However, there was a notable decrease to Rs 750 per sq.ft in 2012, followed by an increase to Rs 502 per sq.ft in 2017. The value further increased to Rs 750 per sq.ft in 2023, and then to the current rate of Rs 825 per sq.ft in 2024, reflecting a change of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +686%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO carrying a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 23 Krishnasamy Street is below this median.

• Block 23 Pappathi Kadu: Rs 771 per sq.ft (2024)
• Block 23 Chinnamuthu Street 3 Main Road: Rs 1,100 per sq.ft (2024)
• Block 23 Thiru V.K.Road: Rs 1,100 per sq.ft (2024)
• Block 24 Chinnamuthu Street (Main Road)1st Part: Rs 1,650 per sq.ft (2024)
• Block 22 Thiru V.K.Street: Rs 1,100 per sq.ft (2024)
• Block 24 Krishnasamy Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 23 Krishnasamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total fees to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 23 Krishnasamy Street?

The Sub Registrar Office that covers Block 23 Krishnasamy 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 details.

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

The guideline value is a crucial factor when registering property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 23 Krishnasamy Street?

The current guideline value for Block 23 Krishnasamy Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 105 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, showing a significant increase over the years.

What is the classification of Block 23 Krishnasamy Street?

Block 23 Krishnasamy Street is classified as Residential Class II Type - II.

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

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

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

For a property valued at the current guideline rate of Rs 825 per sq.ft, the stamp duty would be Rs 57,750, and the registration fee would be Rs 16,500, totaling Rs 74,250.