Guideline Value for Block 27 Kuppipalam Road

Block 27 Kuppipalam Road guideline value

The current guideline value for Block 27 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 and is classified as Residential Class II Type - III.

How the guideline value of Block 27 Kuppipalam Road has changed

The guideline value for Block 27 Kuppipalam Road has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. Subsequently, the value rose to Rs 700 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 771 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 74%. The most recent change from 2023 to 2024 reflects an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 29%.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that have 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, indicating that Block 27 Kuppipalam Road's 2024 figure is below this median.

• Block 26 V.V.C.R. Murugesa Mudhaliar Nagar: Rs 771 per sq.ft (2024)
• Block 26 Valaiyakara Street: Rs 771 per sq.ft (2024)
• Block 27 Radhakrishna Street: Rs 770 per sq.ft (2024)
• Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2: Rs 771 per sq.ft (2024)
• Block 26 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2: Rs 771 per sq.ft (2024)
• Block 26 Radhakrishna Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 27 Kuppipalam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, totaling Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 27 Kuppipalam Road?

Block 27 Kuppipalam Road is covered by 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 is an essential factor during property registration in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the authorities will consider the guideline value to assess the applicable duties. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Block 27 Kuppipalam Road?

The current guideline value of Block 27 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 in 2012 to Rs 402 in 2017, then to Rs 700 in 2023, and finally to Rs 771 in 2024.

What is the land classification of Block 27 Kuppipalam Road?

Block 27 Kuppipalam Road is classified as Residential Class II Type - III.

Where can I find the registration office for this property?

The registration office for Block 27 Kuppipalam Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 7,71,000 would incur a stamp duty of Rs 53,970 at 7%.