Guideline Value for Block 29 Kamatchi (Kadu) Street

Block 29 Kamatchi (Kadu) Street guideline value

The current guideline value of Block 29 Kamatchi (Kadu) Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 29 Kamatchi (Kadu) Street has changed

The guideline value for Block 29 Kamatchi (Kadu) Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 260 per sq.ft. This increased to Rs 291 per sq.ft in 2003, marking a 12% rise. By 2007, the value further increased to Rs 350 per sq.ft, reflecting a 20% change. In 2012, the guideline value rose to Rs 500 per sq.ft, showing a 43% increase. However, in 2017, the value dropped to Rs 335 per sq.ft, indicating a decrease of 33%. The value then experienced a significant rise to Rs 700 per sq.ft in 2023, which was a 109% increase. The most recent revision in 2024 set the value at Rs 770 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for revisions in years other than those mentioned. Overall, from 2002 to 2024, the guideline value has increased by 196%.

Guideline values in Ward D

In Ward D, the guideline values range from Rs 770 to Rs 7,700 per sq.ft as of 2024, with a median value of Rs 798 per sq.ft. The guideline value for Block 29 Kamatchi (Kadu) Street is below this median.

• Block 29 Cutcheri Street: Rs 1,375 per sq.ft (2024)
• Block 29 Chokkalingam Street: Rs 825 per sq.ft (2024)
• Block 29 NedunSeralarathan Theru: Rs 825 per sq.ft (2024)
• Block 29 Agrahara Street: Rs 825 per sq.ft (2024)
• Block 28 Ward Road: Rs 770 per sq.ft (2024)
• Block 29 Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 29 Kamatchi (Kadu) Street

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 29 Kamatchi (Kadu) Street?

The Sub Registrar Office that covers Block 29 Kamatchi (Kadu) 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 D

The guideline value is a crucial factor when registering property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value for Block 29 Kamatchi (Kadu) Street?

The current guideline value for Block 29 Kamatchi (Kadu) Street is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since 2002, the guideline value has increased from Rs 260 per sq.ft to Rs 770 per sq.ft in 2024, representing an overall increase of 196%.

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

For a property valued at 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 this street?

The Erode Joint I Sub Registrar Office is responsible for Block 29 Kamatchi (Kadu) Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 29 Kamatchi (Kadu) Street?

Block 29 Kamatchi (Kadu) Street is classified as Residential Class III Type - I.