Guideline Value for Block 24 Kuppipalam Road

Block 24 Kuppipalam Road guideline value

The current guideline value of Block 24 Kuppipalam Road is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Block 24 Kuppipalam Road has changed

The guideline value for Block 24 Kuppipalam Road has undergone several revisions over the years. The earliest recorded value was Rs 243 per sq.ft in 2002. This figure increased to Rs 272 per sq.ft in 2003, marking a rise of 12%. Following this, the value saw a significant increase to Rs 350 per sq.ft in 2007, which was a 29% increase. In 2012, the value further rose to Rs 600 per sq.ft, an increase of 71%. However, it then dropped to Rs 402 per sq.ft in 2017, reflecting a decrease of 33%. The value saw a substantial rise to Rs 700 per sq.ft in 2023, which was a 74% increase, and finally, it reached Rs 771 per sq.ft in 2024, marking a 10% increase from the previous year.

There are no figures recorded for revisions in other years for this street. Overall, from 2002 to 2024, the guideline value has increased by 217%.

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. The median value for these streets is Rs 798 per sq.ft, placing Block 24 Kuppipalam Road's 2024 figure below that median.

• Block 24 Kamatchi Kadu (Street): Rs 770 per sq.ft (2024)
• Block 24 Jayaram Sandhu: Rs 770 per sq.ft (2024)
• Block 24 Rangasamy Lane (Street): Rs 770 per sq.ft (2024)
• Block 24 Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)
• Block 24 Agrahara Street: Rs 1,100 per sq.ft (2024)
• Block 24 Valaiyakkara Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 24 Kuppipalam Road

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 or the sale price.

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

Which Sub Registrar Office covers Block 24 Kuppipalam Road?

The Sub Registrar Office covering Block 24 Kuppipalam Road 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 information.

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

The guideline value plays a crucial role in the registration of property transactions in Ward D. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate fees are collected. This ensures transparency and helps in maintaining a standardized process for property transactions within the region.

Frequently asked questions

What is the current guideline value of Block 24 Kuppipalam Road?

The current guideline value of Block 24 Kuppipalam Road is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 243 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of 217% over this period.

What is the land classification for Block 24 Kuppipalam Road?

Block 24 Kuppipalam Road is classified as Residential Class II Type - III.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 69,390, based on the guideline value of Rs 7,71,000.

Which office handles property registrations for Block 24 Kuppipalam Road?

The Erode Joint I Sub Registrar Office handles property registrations for Block 24 Kuppipalam Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.