Guideline Value for Block 26 Karuppanasamy Kovil Street

Block 26 Karuppanasamy Kovil Street guideline value

The current guideline value for Block 26 Karuppanasamy Kovil Street is Rs 771 per sq.ft. This street is located in Ward B village under the Erode Joint I SRO, classified as Residential Class II Type - III.

How the guideline value of Block 26 Karuppanasamy Kovil Street has changed

The guideline value for Block 26 Karuppanasamy Kovil Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This figure dropped to Rs 402 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 700 per sq.ft, a rise of 74%. The most recent revision in 2024 has set the value at Rs 771 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 29%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Block 26 Karuppanasamy Kovil Street is below this median.

• Block 26 Giramadai: Rs 770 per sq.ft (2024)
• Block 26 E.V.Nanjappa Street: Rs 1,100 per sq.ft (2024)
• Block 26 Santhankarukku Street: Rs 771 per sq.ft (2024)
• Block 26 S.K.Chenniappa Gounder Street: Rs 825 per sq.ft (2024)
• Block 25 S.K.Chenniappa Gounder Street: Rs 1,100 per sq.ft (2024)
• Block 27 E.V.Nanjappa Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 26 Karuppanasamy Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to 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, bringing the total fees to Rs 69,390. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Block 26 Karuppanasamy Kovil Street?

The Sub Registrar Office that covers Block 26 Karuppanasamy Kovil 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 further assistance.

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

The guideline value is a critical factor when registering property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property registration.

Frequently asked questions

What is the current guideline value for Block 26 Karuppanasamy Kovil Street?

The current guideline value for Block 26 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 increased to Rs 700 per sq.ft in 2023, and finally to Rs 771 per sq.ft in 2024.

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

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970, and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which office handles property registrations for Block 26 Karuppanasamy Kovil Street?

The Erode Joint I Sub Registrar Office handles property registrations for Block 26 Karuppanasamy Kovil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the government collects appropriate revenue based on the higher of the guideline value or the sale price.