Guideline Value for Block 34 Kamarajar Street Part 1

Block 34 Kamarajar Street Part 1 guideline value

The current guideline value of Block 34 Kamarajar Street Part 1 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 34 Kamarajar Street Part 1 has changed

The guideline value for Block 34 Kamarajar Street Part 1 has undergone several revisions over the years. The 2002 revision set the value at Rs 929 per sq.ft. This increased to Rs 1,041 per sq.ft in 2003, marking a change of +12%. The value continued to rise, reaching Rs 1,250 per sq.ft in 2007, which was a +20% increase. The 2012 revision saw a significant jump to Rs 2,500 per sq.ft, reflecting a +100% change. However, the value dropped to Rs 1,675 per sq.ft in 2017, a decrease of -33%. The guideline value then rose to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,750 per sq.ft in 2024, which is a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +196%. It is important to note that there are no figures available for the years not specifically mentioned in the register 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 34 Kamarajar Street Part 1 is above this median.

• Block 34 Easwaran Kovil Street Part 1: Rs 4,400 per sq.ft (2024)
• Block 34 N.M.S. Compound: Rs 2,200 per sq.ft (2024)
• Block 34 Brough Road Main Road Part 1: Rs 4,400 per sq.ft (2024)
• Block 34 N.M.S. Layout: Rs 2,200 per sq.ft (2024)
• Block 33 West Perumal Kovil Street: Rs 1,375 per sq.ft (2024)
• Block 34 Sivanachariar Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 34 Kamarajar Street Part 1

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. 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 details.

Which Sub Registrar Office covers Block 34 Kamarajar Street Part 1?

The Sub Registrar Office that covers Block 34 Kamarajar Street Part 1 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 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.

Frequently asked questions

What is the current guideline value of Block 34 Kamarajar Street Part 1?

The current guideline value of Block 34 Kamarajar Street Part 1 is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 929 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, showing an overall increase of +196% over the years.

What is the land classification of Block 34 Kamarajar Street Part 1?

Block 34 Kamarajar Street Part 1 is classified as Commercial Class I Type - III.

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

The Sub Registrar Office for Block 34 Kamarajar Street Part 1 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in Ward C?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current rate would have a guideline value of Rs 27,50,000, leading to specific stamp duty and registration fees.