Guideline Value for Block 24 Kunikadu Karimedu (or) Kalliyangadu

Block 24 Kunikadu Karimedu (or) Kalliyangadu guideline value

The current guideline value of Block 24 Kunikadu Karimedu (or) Kalliyangadu is Rs 771 per sq.ft, effective from 1 July 2024. This area is located in Ward E village under the Erode Joint I SRO, and it falls under Residential Class III Type - I land classification.

How the guideline value of Block 24 Kunikadu Karimedu (or) Kalliyangadu has changed

The guideline value for this street has seen several revisions over the years. In 2002, the value was Rs 127 per sq.ft, which increased significantly to Rs 350 per sq.ft in 2003, marking a change of +176%. The value continued to rise, reaching Rs 400 per sq.ft in 2007, an increase of +14%. By 2012, the value was Rs 500 per sq.ft, reflecting a +25% change. However, it decreased to Rs 335 per sq.ft in 2017, a drop of -33%. The value then surged to Rs 700 per sq.ft in 2023, showing a remarkable increase of +109%. The latest revision in 2024 set the value at Rs 771 per sq.ft, which is a +10% change from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +507%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Ward E

In Ward E, there are 196 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 guideline value in this area is Rs 825 per sq.ft, placing Block 24 Kunikadu Karimedu (or) Kalliyangadu below that median.

• Block 24 Mettur Road (or) E.V. Nanjappa Road: Rs 2,750 per sq.ft (2024)
• Block 24 Muthukumarasamypillai Main Road: Rs 2,530 per sq.ft (2024)
• Block 24 Huts (Goodshed Opposite side): Rs 771 per sq.ft (2024)
• Block 24 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 24 Easwaran Pillai Street: Rs 771 per sq.ft (2024)
• Block 25 Bala Subbarayalu Naidu Street: Rs 772 per sq.ft (2024)

Stamp duty and registration fee for property in Block 24 Kunikadu Karimedu (or) Kalliyangadu

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 together 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 24 Kunikadu Karimedu (or) Kalliyangadu?

The Sub Registrar Office that covers Block 24 Kunikadu Karimedu (or) Kalliyangadu is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Ward E. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Block 24 Kunikadu Karimedu (or) Kalliyangadu?

The current guideline value of Block 24 Kunikadu Karimedu (or) Kalliyangadu 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 significantly from Rs 127 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of +507% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 53,970, and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which Sub Registrar Office handles property registrations in this area?

The Erode Joint I Sub Registrar Office handles property registrations for Block 24 Kunikadu Karimedu (or) Kalliyangadu, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 24 Kunikadu Karimedu (or) Kalliyangadu?

Block 24 Kunikadu Karimedu (or) Kalliyangadu falls under Residential Class III Type - I land classification.