Guideline Value for Block 29 Kothukara Nalla Street

Block 29 Kothukara Nalla Street guideline value

The current guideline value of Block 29 Kothukara Nalla Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward C of Erode Joint I SRO, with a land classification of Residential Class II Type - II.

How the guideline value of Block 29 Kothukara Nalla Street has changed

The guideline value for Block 29 Kothukara Nalla Street has seen several revisions over the years. In the 2002 revision, the value was Rs 369 per sq.ft, which increased to Rs 414 per sq.ft in 2003. The value then rose to Rs 500 per sq.ft in 2007, followed by a significant increase to Rs 750 per sq.ft in 2012. However, in the 2017 revision, the value decreased to Rs 502 per sq.ft. The value then increased again to Rs 750 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 825 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents a 10% increase. Overall, from 2002 to 2024, there has been a total increase of 124% in the guideline value 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 Kothukara Nalla Street is below this median.

• Block 29 Kamarajar Street: Rs 2,750 per sq.ft (2024)
• Block 29 Easwaran Kovil Street: Rs 4,400 per sq.ft (2024)
• Block 29 Brough Road Main Road: Rs 4,400 per sq.ft (2024)
• Block 29 Theppakulam Street: Rs 1,650 per sq.ft (2024)
• Block 28 Thiruvalluvar Huts: Rs 771 per sq.ft (2024)
• Block 2 Azakarasan Nagar: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 29 Kothukara Nalla Street

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, while the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 29 Kothukara Nalla Street?

The Sub Registrar Office that covers Block 29 Kothukara Nalla 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 further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Ward C. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Block 29 Kothukara Nalla Street?

The current guideline value of Block 29 Kothukara Nalla Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 369 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, showing an overall increase of 124% over the years.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 74,250.

Which Sub Registrar Office covers this street?

The Erode Joint I Sub Registrar Office covers Block 29 Kothukara Nalla Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the sale is recorded accurately and complies with local regulations.