Guideline Value for Block 4 Krishnampalayam Road 1,2.3

Block 4 Krishnampalayam Road 1,2.3 guideline value

The current guideline value for Block 4 Krishnampalayam Road 1,2.3 is Rs 1,375 per sq.ft, effective from 1 July 2024. This property is located in Ward A village, under the Erode Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Block 4 Krishnampalayam Road 1,2.3 has changed

The guideline value for this street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 105 per sq.ft. In 2003, it increased significantly to Rs 557 per sq.ft, marking a change of +430%. The 2007 revision set the value at Rs 900 per sq.ft, which was a +62% increase from the previous revision. In 2012, the value changed to Rs 1,250 per sq.ft, reflecting a +39% rise. However, the 2017 revision saw a decrease to Rs 837 per sq.ft, which was a -33% change. The value then increased to Rs 1,250 per sq.ft in 2023, and finally, the current value is Rs 1,375 per sq.ft as of the 2024 revision, which is a +10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by +1210%. Notably, there are no figures for this street in the revisions for years other than those mentioned.

Guideline values in Ward A

In Ward A, a total of 111 streets are recorded under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 1,375 per sq.ft, which is equal to the current guideline value for Block 4 Krishnampalayam Road 1,2.3.

• Block 4 Madhavakadu: Rs 771 per sq.ft (2024)
• Block 4 Chinnappa Layout 1 & 2: Rs 770 per sq.ft (2024)
• Block 4 Pudhumai Colony: Rs 770 per sq.ft (2024)
• Block 4 R.K.Venkatasamy Nagar & Colony: Rs 1,375 per sq.ft (2024)
• Block 4 State Bank Colony: Rs 1,375 per sq.ft (2024)
• Block 3 Thirunagar Colony: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Krishnampalayam Road 1,2.3

For a 1,000 sq.ft plot at the current rate of Rs 1,375 per sq.ft, the guideline value amounts to Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, totaling Rs 1,23,750. It is important to 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 4 Krishnampalayam Road 1,2.3?

The Sub Registrar Office that covers Block 4 Krishnampalayam Road 1,2.3 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 a crucial factor during property registration in Ward A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value ensures that the government receives appropriate revenue from property transactions.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees. It is essential for both parties to be aware of the guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value for Block 4 Krishnampalayam Road 1,2.3?

The current guideline value for Block 4 Krishnampalayam Road 1,2.3 is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 105 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of +1210% over the years.

What is the stamp duty for a property in Block 4 Krishnampalayam Road 1,2.3?

The stamp duty for a property in Block 4 Krishnampalayam Road 1,2.3 is 7% of the guideline value. For a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250.

Which office handles registrations for this property?

The Erode Joint I Sub Registrar Office handles registrations for Block 4 Krishnampalayam Road 1,2.3, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 4 Krishnampalayam Road 1,2.3?

The land classification for Block 4 Krishnampalayam Road 1,2.3 is Residential Class I Type - III.