Guideline Value for Block 24 Krishnasamy Street

Block 24 Krishnasamy Street guideline value

The current guideline value of Block 24 Krishnasamy Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward A village under the Erode Joint I SRO, and the land classification is Residential Class II Type - I.

How the guideline value of Block 24 Krishnasamy Street has changed

The guideline value of Block 24 Krishnasamy Street has seen several revisions over the years. In 2002, the value was Rs 105 per sq.ft, which increased to Rs 359 per sq.ft in 2003, marking a significant rise of 242%. Following this, the value increased to Rs 500 per sq.ft in 2007, reflecting a 39% increase. The 2012 revision saw the value rise to Rs 1,000 per sq.ft, a 100% increase from the previous figure. However, in 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The value then increased to Rs 1,000 per sq.ft in 2023, before reaching the current rate of Rs 1,100 per sq.ft in 2024, which is a 10% increase from the previous year.

Throughout these revisions, the register has no figure for the years not listed. Overall, from 2002 to 2024, the guideline value has increased by 948%.

Guideline values in Ward A

In Ward A, there are 111 streets that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median of Rs 1,375 per sq.ft. The guideline value of Block 24 Krishnasamy Street is below this median.

• Block 24 Chinnamuthu Street (Main Road) 1st Part: Rs 1,650 per sq.ft (2024)
• Block 23 Thiru V.K.Road: Rs 1,100 per sq.ft (2024)
• Block 23 Pappathi Kadu: Rs 771 per sq.ft (2024)
• Block 25 Chinnamuthu Street Main Road 1st Part: Rs 2,750 per sq.ft (2024)
• Block 25 E.V.Nanjappa Main Road: Rs 6,600 per sq.ft (2024)
• Block 23 Krishnasamy Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 24 Krishnasamy Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value is Rs 11,00,000. The stamp duty, charged at 7%, amounts to Rs 77,000, and the registration fee at 2% is Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 24 Krishnasamy Street?

The Sub Registrar Office that covers Block 24 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 in the registration process when buying or selling property in Ward A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Block 24 Krishnasamy Street?

The current guideline value of Block 24 Krishnasamy Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 105 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting various increases and decreases over the years.

What is the land classification for Block 24 Krishnasamy Street?

The land classification for Block 24 Krishnasamy Street is Residential Class II Type - I.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees amount to Rs 99,000.

Where is the Sub Registrar Office located for this street?

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