Guideline Value for Block 27 Kasiannan Street

Block 27 Kasiannan Street guideline value

The current guideline value of Block 27 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 is classified as Residential Class II Type - I.

How the guideline value of Block 27 Kasiannan Street has changed

The guideline value for Block 27 Kasiannan Street has seen several revisions over the years. In 2002, the guideline value was Rs 482 per sq.ft, which increased to Rs 540 per sq.ft in 2003. The value then rose to Rs 750 per sq.ft in 2007, followed by an increase to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. The guideline value then rose significantly to Rs 1,000 per sq.ft in 2023, before reaching the current value of Rs 1,100 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 128%. There are no figures available for the revisions in years other than those specified.

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. The median value for these streets is Rs 1,375 per sq.ft, making the guideline value of Block 27 Kasiannan Street below the median.

• Block 27 Municipal Street 1 to 2: Rs 1,375 per sq.ft (2024)
• Block 27 Edaiyan Thottam Vasuki Street: Rs 1,925 per sq.ft (2024)
• Block 27 Thillai Nagar: Rs 2,530 per sq.ft (2024)
• Block 26 Muniappan Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 26 Kasiannan Street: Rs 1,100 per sq.ft (2024)
• Block 28 Bharathiar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 27 Kasiannan Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 27 Kasiannan Street?

The Sub Registrar Office that covers Block 27 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 is a crucial factor when registering property in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately, reflecting the property's value as determined by the local authorities. This process is essential for maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Block 27 Kasiannan Street?

The current guideline value of Block 27 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 from Rs 482 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 128% over this period.

What is the stamp duty rate for properties in Block 27 Kasiannan Street?

The stamp duty rate for properties in Block 27 Kasiannan Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for Block 27 Kasiannan Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

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 27 Kasiannan Street's value being below this median at Rs 1,100 per sq.ft.