Guideline Value for Block 25 Kasiannan Street

Block 25 Kasiannan Street guideline value

The current guideline value of Block 25 Kasiannan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 25 Kasiannan Street has changed

The guideline value for Block 25 Kasiannan Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 480 per sq.ft. This increased to Rs 538 per sq.ft in 2003, marking a 12% rise. The value then saw a significant increase to Rs 750 per sq.ft in 2007, which was a 39% increase from the previous year. In 2012, the value was revised to Rs 1,000 per sq.ft, reflecting a 33% decrease from the 2007 figure.

From 2012, the guideline value rose again to Rs 670 per sq.ft in 2017, which was a 49% increase. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent 2024 revision has increased it to Rs 1,100 per sq.ft, a 10% increase. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Ward C

In Ward C, there are 250 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 1,375 per sq.ft, placing Block 25 Kasiannan Street's 2024 figure below that median.

• Block 25 Kannaki Street: Rs 1,100 per sq.ft (2024)
• Block 25 Muniappan Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 25 North Easwaran Kovil Street: Rs 1,650 per sq.ft (2024)
• Block 25 Akilmedu Street: Rs 2,750 per sq.ft (2024)
• Block 24 Sathyamangalam (or) Veerapathira Road: Rs 4,400 per sq.ft (2024)
• Block 25 Sathi (or) Veerapathira Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Kasiannan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty charged at 7% would be Rs 77,000, and the registration fee at 2% would be 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 details.

Which Sub Registrar Office covers Block 25 Kasiannan Street?

The Sub Registrar Office that covers Block 25 Kasiannan Street 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 C

The guideline value is a crucial factor in the registration process when buying or selling property in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. 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 25 Kasiannan Street?

The current guideline value of Block 25 Kasiannan 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 from Rs 480 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 129% over the years.

What is the land classification for Block 25 Kasiannan Street?

Block 25 Kasiannan Street is classified as Residential Class II Type - I.

What are the other streets in Ward C and their guideline values?

Other streets in Ward C include Block 25 Kannaki Street at Rs 1,100 per sq.ft, Block 25 Muniappan Kovil Street at Rs 1,375 per sq.ft, and several others with varying rates.

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

The Sub Registrar Office for Block 25 Kasiannan Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.