Guideline Value for Block 28 Keeramadai 7

Block 28 Keeramadai 7 guideline value

The current guideline value of Block 28 Keeramadai 7 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, classified as Residential Class III Type - I.

How the guideline value of Block 28 Keeramadai 7 has changed

The guideline value for Block 28 Keeramadai 7 has seen significant changes over the years. In the 2017 revision, the value was Rs 335 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a 109% rise. The latest 2024 revision sets the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 130%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Ward B

In Ward B, the guideline values range from Rs 770 to Rs 6,600 per sq.ft as per the 2024 revision, with a median value of Rs 1,100 per sq.ft. Block 28 Keeramadai 7's guideline value is below this median.

• Block 28 Manal medu Street: Rs 771 per sq.ft (2024)
• Block 28 Gramadai 1 to 5: Rs 771 per sq.ft (2024)
• Block 28 Dhanakodi Layout: Rs 771 per sq.ft (2024)
• Block 28 Rajarathinam Street: Rs 770 per sq.ft (2024)
• Block 28 Santhankarukku: Rs 771 per sq.ft (2024)
• Block 27 Stoney Bridge huts: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 28 Keeramadai 7

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 28 Keeramadai 7?

The Sub Registrar Office covering Block 28 Keeramadai 7 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 B

The guideline value is a crucial factor when registering property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of properties in this area.

Frequently asked questions

What is the current guideline value of Block 28 Keeramadai 7?

The current guideline value of Block 28 Keeramadai 7 is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 770 per sq.ft in 2024, which is an overall increase of 130%.

What are the stamp duty and registration fees for a property in Block 28 Keeramadai 7?

For a property measuring 1,000 sq.ft, the total guideline value is 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.

Which Sub Registrar Office is responsible for Block 28 Keeramadai 7?

The Erode Joint I Sub Registrar Office is responsible for Block 28 Keeramadai 7, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 28 Keeramadai 7?

Block 28 Keeramadai 7 is classified as Residential Class III Type - I according to the registration department's guidelines.