Guideline Value for Block 29 Kamarajar Street

Block 29 Kamarajar Street guideline value

The current guideline value of Block 29 Kamarajar Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, and it falls under the Commercial Class I Type - III land classification.

How the guideline value of Block 29 Kamarajar Street has changed

The guideline value for Block 29 Kamarajar Street has seen several revisions over the years. In 2002, the guideline value was Rs 774 per sq.ft. This figure increased to Rs 867 per sq.ft in 2003, marking a 12% increase. The value continued to rise, reaching Rs 1,000 per sq.ft in 2007, which was a 15% increase from the previous figure. By 2012, the guideline value was Rs 2,500 per sq.ft, reflecting a significant increase of 150% from 2007. However, it then decreased by 33% to Rs 1,675 per sq.ft in 2017.

In 2023, the guideline value rose to Rs 2,500 per sq.ft, and it has now increased by 10% to reach the current value of Rs 2,750 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 255%. There are no figures available for the years not mentioned in this register for this street.

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, with a median value of Rs 1,375 per sq.ft. The guideline value of Block 29 Kamarajar Street is above this median.

• Block 29 Easwaran Kovil Street: Rs 4,400 per sq.ft (2024)
• Block 29 Kothukara Nalla Street: Rs 825 per sq.ft (2024)
• Block 29 Brough Road Main Road: Rs 4,400 per sq.ft (2024)
• Block 28 Thiruvalluvar Huts: Rs 771 per sq.ft (2024)
• Block 28 Thillai Nagar: Rs 2,530 per sq.ft (2024)
• Block 29 Theppakulam Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 29 Kamarajar Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Please note that duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 29 Kamarajar Street?

The Sub Registrar Office that covers Block 29 Kamarajar Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the 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 during the registration of property transactions in Ward C. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring compliance with local regulations.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Block 29 Kamarajar Street?

The current guideline value of Block 29 Kamarajar Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 774 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 255% over this period.

What is the land classification of Block 29 Kamarajar Street?

Block 29 Kamarajar Street is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Block 29 Kamarajar Street is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Block 29 Kamarajar Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009. You can find more details by following the provided link.