Guideline Value for Block 30 Kamarajar Street

Block 30 Kamarajar Street guideline value

The current guideline value of Block 30 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 is classified as Commercial Class I Type - III.

How the guideline value of Block 30 Kamarajar Street has changed

The guideline value for Block 30 Kamarajar Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,500 per sq.ft. This figure then decreased to Rs 1,675 per sq.ft in 2017, reflecting a decline of 33%. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then further rose to Rs 2,750 per sq.ft in 2024, marking a 10% increase from the previous year.

Between 2017 and 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, and 2007.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that have a guideline value for 2024, ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 30 Kamarajar Street's 2024 figure above this median.

• Block 30 Kamala Street (or) Kothukara Nalla Street: Rs 825 per sq.ft (2024)
• Block 30 Alagiri Singaiyankar Street: Rs 1,100 per sq.ft (2024)
• Block 30 Muncipality Road: Rs 825 per sq.ft (2024)
• Block 2 Vinayakar Street 1,2: Rs 772 per sq.ft (2024)
• Block 30 Seeranga Street: Rs 1,100 per sq.ft (2024)
• Block 30 South Easwaran Kovil Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 30 Kamarajar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty is charged at 7%, which totals Rs 1,92,500, and the registration fee is 2%, amounting to Rs 55,000. Together, these fees come to Rs 2,47,500. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Block 30 Kamarajar Street?

The Sub Registrar Office that covers Block 30 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 when registering property transactions in Ward C. 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.

When a property is sold or purchased, the guideline value is used to calculate the applicable fees, ensuring that both parties adhere to the legal requirements set forth by the registration department. This value helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Block 30 Kamarajar Street?

The current guideline value of Block 30 Kamarajar Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Block 30 Kamarajar Street?

Block 30 Kamarajar Street is classified as Commercial Class I Type - III.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office should I contact for transactions in Block 30 Kamarajar Street?

The appropriate Sub Registrar Office for Block 30 Kamarajar Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.