Guideline Value for Block 3 Krishnampalayam Harijan Colony

Block 3 Krishnampalayam Harijan Colony guideline value

The current guideline value for Block 3 Krishnampalayam Harijan Colony is Rs 770 per sq.ft, effective from 1 July 2024. This area falls under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 3 Krishnampalayam Harijan Colony has changed

The guideline value for Block 3 Krishnampalayam Harijan Colony has seen several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 105 per sq.ft. This increased to Rs 191 per sq.ft in 2003, marking an increase of 82%. The value continued to rise, reaching Rs 250 per sq.ft in 2007, which is a 31% increase from the previous revision. However, from 2007 to 2012, the value decreased to Rs 400 per sq.ft, reflecting a decline of 16%. The value then increased to Rs 335 per sq.ft in 2017, followed by a significant rise to Rs 700 per sq.ft in 2023, which is an increase of 109%. The latest revision in 2024 has set the guideline value at Rs 770 per sq.ft, representing a 10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 633%. There are no figures available for revisions in years not mentioned in the register for this street.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 3 Krishnampalayam Harijan Colony is below this median.

• Block 3 Chinnappa Layout Huts: Rs 770 per sq.ft (2024)
• Block 3 Pudhumai Colony: Rs 770 per sq.ft (2024)
• Block 3 Chinnappa Layout 1 2: Rs 825 per sq.ft (2024)
• Block 3 Samiyappa Street Main Road: Rs 1,100 per sq.ft (2024)
• Block 3 Thirunagar Colony: Rs 2,200 per sq.ft (2024)
• Block 3 Arumuga Street T.S.50: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 3 Krishnampalayam Harijan Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to 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. 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 3 Krishnampalayam Harijan Colony?

The Sub Registrar Office that covers Block 3 Krishnampalayam Harijan Colony 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 A

The guideline value is an essential factor when buying or selling property in Ward A, as it determines the amount of stamp duty and registration fees payable. When a property is registered, the guideline value or the sale price, whichever is higher, is used to calculate these fees.

It is crucial for buyers and sellers to be aware of the guideline value as it impacts the overall cost of property transactions. Understanding the current guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Block 3 Krishnampalayam Harijan Colony?

The current guideline value for Block 3 Krishnampalayam Harijan Colony is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 105 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, marking an overall increase of 633%.

What are the other streets in Ward A with their guideline values?

Other streets in Ward A include Block 3 Chinnappa Layout Huts and Block 3 Pudhumai Colony, both at Rs 770 per sq.ft, among others with varying rates.

What are the fees associated with buying property in Block 3 Krishnampalayam Harijan Colony?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find more information about the Sub Registrar Office?

The Erode Joint I Sub Registrar Office covers Block 3 Krishnampalayam Harijan Colony, and more information can be found by visiting the official site to find your SRO.