Guideline Value for Block 4 Kumanan Street

Block 4 Kumanan Street guideline value

The current guideline value for Block 4 Kumanan Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 4 Kumanan Street has changed

The guideline value for Block 4 Kumanan Street has undergone several revisions over the years. The earliest recorded value was Rs 284 per sq.ft in 2002, which increased to Rs 319 per sq.ft in 2003, marking a change of +12%. Following this, the value rose to Rs 350 per sq.ft in 2007, an increase of +10%. In 2012, the value saw a significant rise to Rs 500 per sq.ft, which was a +43% change. However, this was followed by a decrease to Rs 335 per sq.ft in 2017, reflecting a change of -33%. The value then increased dramatically to Rs 700 per sq.ft in 2023, a change of +109%. Finally, the current guideline value is Rs 770 per sq.ft as of the 2024 revision, which is a +10% change from the previous year.

There are no recorded figures for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +171%.

Guideline values in Ward D

In Ward D, there are 200 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 798 per sq.ft. The guideline value for Block 4 Kumanan Street is below this median.

• Block 4 Madurai Veran Kovil Sandhu: Rs 770 per sq.ft (2024)
• Block 4 Palani Lane: Rs 770 per sq.ft (2024)
• Block 4 Parasuraman Lane: Rs 770 per sq.ft (2024)
• Block 4 Chinna Mariamman Koil Street: Rs 770 per sq.ft (2024)
• Block 4 Cauvery Road: Rs 1,925 per sq.ft (2024)
• Block 4 Sekkizhar Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Kumanan Street

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total charges Rs 69,300. Please note that the 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 Kumanan Street?

The Sub Registrar Office that covers Block 4 Kumanan 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 D

The guideline value plays a crucial role when buying or selling property in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable charges. This ensures that the transaction is recorded accurately and that the correct fees are paid to the authorities.

Frequently asked questions

What is the current guideline value for Block 4 Kumanan Street?

The current guideline value for Block 4 Kumanan Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 284 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of +171% over the years.

What are the stamp duty and registration fees for property in Block 4 Kumanan Street?

For a 1,000 sq.ft plot, the total charges including stamp duty and registration fees would amount to Rs 69,300 based on the current guideline value.

Which office handles registrations for Block 4 Kumanan Street?

The Erode Joint I Sub Registrar Office handles registrations for Block 4 Kumanan Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 4 Kumanan Street?

Block 4 Kumanan Street is classified as Residential Class III Type - I, which indicates its designated use for residential purposes.