Guideline Value for Block 24 Kamatchi Kadu (Street)

Block 24 Kamatchi Kadu (Street) guideline value

The current guideline value of Block 24 Kamatchi Kadu (Street) is Rs 770 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 III Type - I.

How the guideline value of Block 24 Kamatchi Kadu (Street) has changed

Since the 2002 revision, the guideline value for Block 24 Kamatchi Kadu (Street) has seen several changes. In 2002, the value was Rs 260 per sq.ft, which increased to Rs 291 per sq.ft in 2003, marking a rise of 12%. The value then rose to Rs 350 per sq.ft in 2007, a 20% increase. Following that, in 2012, it increased to Rs 500 per sq.ft, reflecting a 43% rise. However, the value dropped to Rs 335 per sq.ft in 2017, a decrease of 33%. The value saw a significant increase to Rs 700 per sq.ft in 2023, which was a 109% rise, and finally, it has reached Rs 770 per sq.ft in the 2024 revision, a 10% increase from the previous year.

There are no figures available for the revisions in the years not listed above for this street.

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 for Block 24 Kamatchi Kadu (Street) is below this median.

• Block 24 Jayaram Sandhu: Rs 770 per sq.ft (2024)
• Block 24 Kuppipalam Road: Rs 771 per sq.ft (2024)
• Block 24 Agrahara Street: Rs 1,100 per sq.ft (2024)
• Block 24 Rangasamy Lane (Street): Rs 770 per sq.ft (2024)
• Block 23 Sathiya Moorthy Street: Rs 1,100 per sq.ft (2024)
• Block 24 Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 24 Kamatchi Kadu (Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. 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 further calculations.

Which Sub Registrar Office covers Block 24 Kamatchi Kadu (Street)?

The Sub Registrar Office that covers Block 24 Kamatchi Kadu (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 D

The guideline value is an essential factor in the registration process when buying or selling property in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value for Block 24 Kamatchi Kadu (Street)?

The current guideline value for Block 24 Kamatchi Kadu (Street) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for this street?

The guideline value for Block 24 Kamatchi Kadu (Street) has changed from Rs 260 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 196% over the years.

What is the median guideline value in Ward D?

The median guideline value in Ward D is Rs 798 per sq.ft for the year 2024, with Block 24 Kamatchi Kadu (Street) being below this median at Rs 770 per sq.ft.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300.

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

The Sub Registrar Office for Block 24 Kamatchi Kadu (Street) is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.