Guideline Value for Block 5 Krishnampalayam Road

Block 5 Krishnampalayam Road guideline value

The current guideline value for Block 5 Krishnampalayam Road is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, classified as Residential Class II Type - II.

How the guideline value of Block 5 Krishnampalayam Road has changed

The guideline value for Block 5 Krishnampalayam Road has undergone several revisions over the years. Starting from the earliest revision in 2002, the value was Rs 187 per sq.ft. This increased to Rs 210 per sq.ft in 2003, marking a 12% rise. The value then saw a significant increase to Rs 300 per sq.ft in 2007, which is a 43% change. In 2012, it remained at Rs 750 per sq.ft, and then in 2017, it was revised to Rs 502 per sq.ft, reflecting a decrease of 33%. The next revision in 2023 brought the value back up to Rs 750 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 825 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 341%. The register has no figures for revisions in years other than those stated above.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with guideline values 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, positioning Block 5 Krishnampalayam Road below that median.

• Block 5 K.N.Kuppusamy Road: Rs 1,100 per sq.ft (2024)
• Block 5 Cauvery Road Main Road: Rs 1,925 per sq.ft (2024)
• Block 5 Poongundranar Street (or) Bramin Extension: Rs 825 per sq.ft (2024)
• Block 5 Arumugam Road (or) Poongundranar Street: Rs 825 per sq.ft (2024)
• Block 5 Post Office Road: Rs 825 per sq.ft (2024)
• Block 4 Vinayagar Kovil Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 5 Krishnampalayam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, while the registration fee at 2% would be Rs 16,500. Together, these fees would total Rs 74,250. 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 5 Krishnampalayam Road?

The Sub Registrar Office that covers Block 5 Krishnampalayam Road 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 in the registration process for property transactions in Ward C. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller engages in a property transaction, the guideline value is assessed alongside the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Block 5 Krishnampalayam Road?

The current guideline value for Block 5 Krishnampalayam Road is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 187 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 341% over the years.

What is the median guideline value for streets in Ward C?

The median guideline value for streets in Ward C is Rs 1,375 per sq.ft, with Block 5 Krishnampalayam Road being below this median at Rs 825 per sq.ft.

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

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 and the registration fee would be Rs 16,500, totaling Rs 74,250.

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

The Sub Registrar Office for Block 5 Krishnampalayam Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode - 638009.