Guideline Value for Block 26 Kuppipalam Road

Block 26 Kuppipalam Road guideline value

The current guideline value of Block 26 Kuppipalam Road is Rs 771 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 II Type - III.

How the guideline value of Block 26 Kuppipalam Road has changed

The guideline value for Block 26 Kuppipalam Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 771 per sq.ft, an increase from Rs 700 per sq.ft in 2023, reflecting a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 402 per sq.ft, which means there was a significant increase of +74% from 2017 to 2023. The 2012 revision had set the value at Rs 600 per sq.ft, indicating a decrease of -33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +29%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The last recorded figure before 2012 was not available.

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. The median value for these streets is Rs 798 per sq.ft, placing Block 26 Kuppipalam Road's value below this median.

• Block 26 Kamatchi Kadu: Rs 770 per sq.ft (2024)
• Block 26 Jayaram Sandhu: Rs 770 per sq.ft (2024)
• Block 26 Iyannarappan Street: Rs 1,100 per sq.ft (2024)
• Block 26 Radhakrishna Street: Rs 770 per sq.ft (2024)
• Block 26 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2: Rs 771 per sq.ft (2024)
• Block 26 Balusamy Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 26 Kuppipalam Road

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 cost for these fees to Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 26 Kuppipalam Road?

The Sub Registrar Office covering Block 26 Kuppipalam Road 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 D

The guideline value plays a crucial role during the registration of property transactions in Ward D. It is used to calculate the stamp duty and registration fees that need to be paid to the government, ensuring that the transaction is recorded officially.

When buying or selling property, the guideline value serves as a reference point for determining the minimum value of the property. This helps in maintaining transparency in property transactions and ensures that the government receives due revenue from property sales.

Frequently asked questions

What is the current guideline value of Block 26 Kuppipalam Road?

The current guideline value of Block 26 Kuppipalam Road 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 771 per sq.ft in 2024, reflecting an overall increase of +29%. The most recent increase was from Rs 700 per sq.ft in 2023 to Rs 771 per sq.ft in 2024.

What is the stamp duty on property in Block 26 Kuppipalam Road?

The stamp duty on property in Block 26 Kuppipalam Road is 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the stamp duty would be Rs 53,970 based on the current guideline value.

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

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

What is the land classification for Block 26 Kuppipalam Road?

Block 26 Kuppipalam Road is classified as Residential Class II Type - III, which indicates the type of development allowed in this area.