Guideline Value for Block 26 Kamatchi Kadu

Block 26 Kamatchi Kadu guideline value

The current guideline value of Block 26 Kamatchi Kadu is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 26 Kamatchi Kadu has changed

The guideline value for Block 26 Kamatchi Kadu has seen several revisions over the years. In 2003, the value was Rs 333 per sq.ft, which increased to Rs 400 per sq.ft in 2007. Following this, the value rose to Rs 500 per sq.ft in 2012, before dropping to Rs 335 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 700 per sq.ft, and the latest revision in 2024 has set the value at Rs 770 per sq.ft. Overall, from 2003 to 2024, the guideline value has increased by 131%.

There is no figure available for the year 2002 for this street. The changes between the revisions include a 20% increase from 2003 to 2007, a 25% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a substantial increase of 109% from 2017 to 2023, culminating in a 10% rise from 2023 to 2024.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 26 Kamatchi Kadu is below this median.

• Block 26 Jayaram Sandhu: Rs 770 per sq.ft (2024)
• Block 26 Iyannarappan Street: Rs 1,100 per sq.ft (2024)
• Block 26 Kuppipalam Road: Rs 771 per sq.ft (2024)
• Block 26 Balusamy Street: Rs 770 per sq.ft (2024)
• Block 26 Radhakrishna Street: Rs 770 per sq.ft (2024)
• Block 25 V.V.C.R. Lay-out 1 2 3: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 26 Kamatchi Kadu

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block 26 Kamatchi Kadu?

Block 26 Kamatchi Kadu falls under 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 process of property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded at a fair value as per government regulations. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Block 26 Kamatchi Kadu?

The current guideline value of Block 26 Kamatchi Kadu is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 333 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, with various changes in between, including a significant increase of 109% from 2017 to 2023.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles registrations for Block 26 Kamatchi Kadu?

The Erode Joint I Sub Registrar Office is responsible for registrations in Block 26 Kamatchi Kadu, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the guideline value determined for properties in Ward D?

The guideline value is determined based on various revisions by the Registration Department, reflecting changes in land classification and market conditions. It serves as a standard for calculating stamp duty and registration fees during property transactions.