Guideline Value for Block 24 Karuppanasamy Kovil Street

Block 24 Karuppanasamy Kovil Street guideline value

The current guideline value of Block 24 Karuppanasamy 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, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Block 24 Karuppanasamy Kovil Street has changed

Looking at the historical revisions, the guideline value for Block 24 Karuppanasamy Kovil Street has seen several changes. In 2012, the value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase to Rs 700 per sq.ft, marking a 74% rise. The current revision in 2024 has further increased the value to Rs 771 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 29%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Block 24 Karuppanasamy Kovil Street's 2024 figure below that median.

• Block 24 Giramadai: Rs 770 per sq.ft (2024)
• Block 24 E.V.Nanjappa Street: Rs 1,100 per sq.ft (2024)
• Block 24 Rajarathinam St: Rs 770 per sq.ft (2024)
• Block 23 ThanaKodi Lay Out: Rs 771 per sq.ft (2024)
• Block 24 Santhankarukku Street: Rs 771 per sq.ft (2024)
• Block 23 S.K.C.Road T.S.59: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 24 Karuppanasamy 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, while the registration fee at 2% would be Rs 15,420, resulting in a total of 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 also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Block 24 Karuppanasamy Kovil Street?

The Sub Registrar Office that covers Block 24 Karuppanasamy Kovil Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone. To find your specific SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Ward B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that both the buyer and seller adhere to the legal requirements set forth by the registration authority.

When a property is bought or sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions while providing transparency in the buying and selling process.

Frequently asked questions

What is the current guideline value of Block 24 Karuppanasamy Kovil Street?

The current guideline value of Block 24 Karuppanasamy Kovil Street 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 several times, from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increasing to Rs 700 per sq.ft in 2023, and finally to Rs 771 per sq.ft in 2024.

What is the land classification for Block 24 Karuppanasamy Kovil Street?

The land classification for Block 24 Karuppanasamy Kovil Street is Residential Class II Type - III.

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

The Sub Registrar Office covering Block 24 Karuppanasamy Kovil Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 7,71,000, leading to specific calculations for stamp duty and registration fees.