Guideline Value for Block 25 Karuppanasamy Kovil Street

Block 25 Karuppanasamy Kovil Street guideline value

The current guideline value for Block 25 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 is classified as Residential Class II Type - III.

How the guideline value of Block 25 Karuppanasamy Kovil Street has changed

The guideline value for Block 25 Karuppanasamy Kovil Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. The next revision in 2023 saw a significant increase to Rs 700 per sq.ft, and the most recent revision in 2024 has set the value at Rs 771 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 74%. Overall, from 2012 to 2024, the guideline value has increased by 29%. The register has no figure for the years 2002, 2003, and 2007 for this street.

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, which means Block 25 Karuppanasamy Kovil Street's 2024 figure is below that median.

• Block 25 Giramadai: Rs 770 per sq.ft (2024)
• Block 25 E.V.Nanjappa Street: Rs 1,100 per sq.ft (2024)
• Block 24 S.K.Chenniappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Block 24 Santhankarukku Street: Rs 771 per sq.ft (2024)
• Block 25 Santhankarukku Street: Rs 771 per sq.ft (2024)
• Block 24 Rajarathinam St: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Karuppanasamy Kovil Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, totaling Rs 69,390. 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 details.

Which Sub Registrar Office covers Block 25 Karuppanasamy Kovil Street?

The Sub Registrar Office covering Block 25 Karuppanasamy Kovil 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 information.

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

The guideline value is a critical factor in property transactions in Ward B, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with legal requirements when transferring property ownership.

When registering a property, the guideline value serves as a baseline for calculating various fees. It is important to note that the duty is charged on the higher of the guideline value and the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 25 Karuppanasamy Kovil Street?

The current guideline value for Block 25 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 from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then 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 25 Karuppanasamy Kovil Street?

Block 25 Karuppanasamy Kovil Street is classified as Residential Class II Type - III.

Where can I find the registration office for this street?

The registration office for Block 25 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 is the stamp duty calculated for properties in this area?

Stamp duty is 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 guideline value, the total stamp duty and registration fees would amount to Rs 69,390.