Guideline Value for Block 26 Kasiannan Street

Block 26 Kasiannan Street guideline value

The current guideline value of Block 26 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, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Block 26 Kasiannan Street has changed

The guideline value for Block 26 Kasiannan Street has seen several revisions over the years. In 2002, the guideline value was Rs 516 per sq.ft. This increased to Rs 578 per sq.ft in 2003, marking a 12% rise. The value further increased to Rs 750 per sq.ft in 2007, which was a 30% increase from the previous figure. In 2012, the value was revised to Rs 1,000 per sq.ft, reflecting a 33% increase. However, in 2017, it dropped to Rs 670 per sq.ft, a decrease of 33%. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and finally, it reached Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 113%. There are no figures available for the revisions in years not mentioned in this summary.

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, with a median value of Rs 1,375 per sq.ft. The guideline value of Block 26 Kasiannan Street is below this median.

• Block 26 Muniappan Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 26 Akilmedu Street Part 2: Rs 1,650 per sq.ft (2024)
• Block 25 West Perumal Kovil Street: Rs 1,650 per sq.ft (2024)
• Block 25 West Easwaran Kovil Street: Rs 1,650 per sq.ft (2024)
• Block 27 Edaiyan Thottam Vasuki Street: Rs 1,925 per sq.ft (2024)
• Block 25 Sengundhar Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 26 Kasiannan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the 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 26 Kasiannan Street?

The Sub Registrar Office that covers Block 26 Kasiannan 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 C

The guideline value plays a crucial role in the registration process when buying or selling property in Ward C. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the transaction is transparent and fair.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers and sellers must be aware of these values to ensure compliance with the regulations set by the registration department.

Frequently asked questions

What is the current guideline value of Block 26 Kasiannan Street?

The current guideline value of Block 26 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 significantly from Rs 516 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 113% over the years.

What is the median guideline value in Ward C?

The median guideline value in Ward C is Rs 1,375 per sq.ft, with Block 26 Kasiannan Street's value being below this median.

What are the stamp duty and registration fees for a property in Block 26 Kasiannan Street?

For a 1,000 sq.ft property, the total guideline value is Rs 11,00,000, resulting in a stamp duty of Rs 77,000 and a registration fee of Rs 22,000, totaling Rs 99,000.

Which office handles the registration for Block 26 Kasiannan Street?

The Erode Joint I Sub Registrar Office handles the registration for Block 26 Kasiannan Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.