Guideline Value for Block 27 K.A.S.Anna Nagar

Block 27 K.A.S.Anna Nagar guideline value

The current guideline value for Block 27 K.A.S.Anna Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward B village under the Erode Joint I SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Block 27 K.A.S.Anna Nagar has changed

The guideline value for Block 27 K.A.S.Anna Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 42 per sq.ft. This increased to Rs 48 per sq.ft in 2003, marking a 14% rise. The value then jumped significantly to Rs 100 per sq.ft in 2007, reflecting a 108% increase. In 2012, the value was revised to Rs 400 per sq.ft, which was a 300% increase from the previous revision. However, this was followed by a decline to Rs 335 per sq.ft in 2017, representing a decrease of 16%. The most recent revisions show a substantial increase to Rs 700 per sq.ft in 2023, followed by a further rise to Rs 770 per sq.ft in 2024, which is a 10% increase.

Overall, the guideline value has increased dramatically from Rs 42 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, which is an increase of 1733%. There are no figures available for revisions in years not listed, ensuring that each change reflects the accurate historical data.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Block 27 K.A.S.Anna Nagar's 2024 figure below the median.

• Block 27 Goodshed Guts: Rs 771 per sq.ft (2024)
• Block 27 E.V.Nanjappa Street: Rs 1,375 per sq.ft (2024)
• Block 27 Muthukumarasamy Road: Rs 1,100 per sq.ft (2024)
• Block 26 S.K.Chenniappa Gounder Street: Rs 825 per sq.ft (2024)
• Block 27 Periyar Nagar: Rs 2,200 per sq.ft (2024)
• Block 26 Santhankarukku Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 27 K.A.S.Anna Nagar

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

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 27 K.A.S.Anna Nagar?

The Sub Registrar Office that covers Block 27 K.A.S.Anna Nagar is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Ward B, as it determines the minimum value at which the property can be registered. Buyers must pay stamp duty and registration fees based on this guideline value, which ensures transparency in property transactions.

When selling a property, the seller should be aware that the guideline value will influence the sale price, as it serves as a benchmark for the transaction. It is essential to understand these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value for Block 27 K.A.S.Anna Nagar?

The current guideline value for Block 27 K.A.S.Anna Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 42 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, marking an overall increase of 1733% across the years.

What is the land classification for Block 27 K.A.S.Anna Nagar?

Block 27 K.A.S.Anna Nagar is classified as Residential Class III Type - I, indicating its intended use for residential purposes.

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

The Sub Registrar Office covering Block 27 K.A.S.Anna Nagar is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value of the property. For example, 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.