Guideline Value for Block 30 Karur Road

Block 30 Karur Road guideline value

The current guideline value for Block 30 Karur Road is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 30 Karur Road has changed

The guideline value for Block 30 Karur Road has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017. Subsequently, the value increased significantly to Rs 700 per sq.ft in 2023, marking a 109% rise from the 2017 figure. The most recent revision in 2024 shows a further increase to Rs 771 per sq.ft, reflecting a 10% growth from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 54%.

Guideline values in Ward E

In Ward E, there are 196 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 825 per sq.ft. The guideline value for Block 30 Karur Road is below this median.

• Block 30 Nethaji Road: Rs 771 per sq.ft (2024)
• Block 30 Old Railway Station Road: Rs 771 per sq.ft (2024)
• Block 2 S.K. Chenniappa Gounder Road: Rs 1,650 per sq.ft (2024)
• Block 2 Muthusamy Gounder Street (Athiyaman Street): Rs 825 per sq.ft (2024)
• Block 2 Muthusamy Gounder Lane: Rs 825 per sq.ft (2024)
• Block 2 E.C.Muthusamy Gounder Lay-out: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 30 Karur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total fees to Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 30 Karur Road?

The Sub Registrar Office that covers Block 30 Karur Road 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ward E. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 30 Karur Road?

The current guideline value for Block 30 Karur Road is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 771 per sq.ft in 2024.

What is the land classification for Block 30 Karur Road?

Block 30 Karur Road is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for Block 30 Karur Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in Ward E?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This amount is then used to determine the total fees payable during the registration process.