Guideline Value for Block 3 T.Krishnan St

Block 3 T.Krishnan St guideline value

The current guideline value of Block 3 T.Krishnan St is Rs 772 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Block 3 T.Krishnan St has changed

The guideline value for Block 3 T.Krishnan St has seen several revisions over the years. The earliest recorded value in 2003 was Rs 209 per sq.ft. This increased to Rs 300 per sq.ft in 2007, followed by a rise to Rs 600 per sq.ft in 2012. However, there was a decrease to Rs 402 per sq.ft in 2017. The value then increased significantly to Rs 700 per sq.ft in 2023, and most recently, it has risen to Rs 772 per sq.ft in 2024.

In terms of percentage changes, from 2003 to 2007, the value increased by 44%. The value then saw a 100% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. From 2017 to 2023, there was a substantial increase of 74%, and from 2023 to 2024, the value rose by 10%. Overall, from 2003 to 2024, the guideline value has increased by 269%.

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. The median value for these streets is Rs 1,375 per sq.ft, making the current value of Block 3 T.Krishnan St below that median.

• Block 3 Vinayagar Kovil Street 1,2: Rs 771 per sq.ft (2024)
• Block 4 Azhakarasan Nagar: Rs 771 per sq.ft (2024)
• Block 4 Cauvery Road Main Road: Rs 1,925 per sq.ft (2024)
• Block 3 Krishnampalayam Part 1,2: Rs 825 per sq.ft (2024)
• Block 4 Ganapathipuram Part 1: Rs 825 per sq.ft (2024)
• Block 3 Ganapathipuram: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 3 T.Krishnan St

For a 1,000 sq.ft plot at the current guideline value of Rs 772 per sq.ft, the total guideline value would be Rs 7,72,000. The stamp duty at 7% would be Rs 54,040, and the registration fee at 2% would be Rs 15,440, bringing the total fees to Rs 69,480. Please 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 details.

Which Sub Registrar Office covers Block 3 T.Krishnan St?

The Sub Registrar Office that covers Block 3 T.Krishnan St 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 C

The guideline value is an essential factor in the registration process when buying or selling property in Ward C. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When a property is sold, the higher value between the guideline value and the actual sale price is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Block 3 T.Krishnan St?

The current guideline value of Block 3 T.Krishnan St is Rs 772 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 209 per sq.ft in 2003 to Rs 772 per sq.ft in 2024, showing an overall increase of 269% over the years.

What is the land classification for Block 3 T.Krishnan St?

Block 3 T.Krishnan St is classified as Residential Class II Type - III.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for Block 3 T.Krishnan St is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, within the Coimbatore registration zone.

How is the stamp duty calculated for properties in Block 3 T.Krishnan St?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 69,480, including stamp duty and registration fees.