Guideline Value for Block 28 Kuppipalayam Road

Block 28 Kuppipalayam Road guideline value

The current guideline value for Block 28 Kuppipalayam 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 28 Kuppipalayam Road has changed

The guideline value for Block 28 Kuppipalayam Road has undergone several revisions over the years. Starting from Rs 255 per sq.ft in 2002, it increased to Rs 287 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 350 per sq.ft in 2007, reflecting a +22% increase. In 2012, the guideline value was Rs 600 per sq.ft, which was a +71% change from the previous revision. However, in 2017, it decreased to Rs 402 per sq.ft, showing a decline of -33%. The value then increased significantly to Rs 700 per sq.ft in 2023, a change of +74%. Finally, the current value is Rs 771 per sq.ft, which is a +10% increase from the previous year.

There are no figures available for revisions other than those listed above for this street. Overall, the guideline value has increased by +202% from 2002 to 2024.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO, with a 2024 guideline value range from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 798 per sq.ft, placing Block 28 Kuppipalayam Road's 2024 figure below that median.

• Block 28 Kamatchikadu (Street): Rs 770 per sq.ft (2024)
• Block 28 Jayaram Lane: Rs 770 per sq.ft (2024)
• Block 28 Chokkalingam Road: Rs 1,100 per sq.ft (2024)
• Block 28 SathiyaMoorthy Theru: Rs 1,100 per sq.ft (2024)
• Block 28 Agrahara Street: Rs 1,100 per sq.ft (2024)
• Block 27 V.V.C.R. Murugesa Mudhaliar Nagar: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 28 Kuppipalayam 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, bringing the total cost for these fees to Rs 69,390. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 28 Kuppipalayam Road?

The Sub Registrar Office that covers Block 28 Kuppipalayam 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 further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Ward D. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Buyers should be aware that the guideline value is set by the government and is subject to periodic revisions. This means that the value may change over time, affecting the overall cost of property transactions. It is advisable to check the latest guideline values before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value for Block 28 Kuppipalayam Road?

The current guideline value for Block 28 Kuppipalayam 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 seen several changes, starting from Rs 255 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +202% over the years.

What is the median guideline value in Ward D?

The median guideline value in Ward D is Rs 798 per sq.ft, with Block 28 Kuppipalayam Road's current value being below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970 and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which office handles the registration for Block 28 Kuppipalayam Road?

The Erode Joint I Sub Registrar Office handles the registration for Block 28 Kuppipalayam Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.