Guideline Value for Block 6 K.N.Kuppusamy Road

Block 6 K.N.Kuppusamy Road guideline value

The current guideline value of Block 6 K.N.Kuppusamy Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Block 6 K.N.Kuppusamy Road has changed

The guideline value for Block 6 K.N.Kuppusamy Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 387 per sq.ft. In 2003, it increased to Rs 434 per sq.ft, marking a 12% rise. The value further increased to Rs 500 per sq.ft in 2007, which was a 15% increase. The 2012 revision saw the value rise to Rs 1,000 per sq.ft, reflecting a significant 100% increase. However, in 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The 2023 revision brought it back up to Rs 1,000 per sq.ft, followed by the current 2024 revision, which set the guideline value at Rs 1,100 per sq.ft, a 10% increase from the previous year.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 184%. There are no figures available for the revisions in years not 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. The median value for these streets is Rs 1,375 per sq.ft, placing the 2024 figure for Block 6 K.N.Kuppusamy Road below this median.

• Block 6 Krishnampalayam Road: Rs 825 per sq.ft (2024)
• Block 6 Kannaian Street 1,2,3: Rs 1,100 per sq.ft (2024)
• Block 6 Jayagopal Street: Rs 825 per sq.ft (2024)
• Block 6 Pillaiyar Kovil Street 1,2: Rs 771 per sq.ft (2024)
• Block 6 Chinnappan Lay Out: Rs 825 per sq.ft (2024)
• Block 6 PoonKundranar St: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 K.N.Kuppusamy Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 6 K.N.Kuppusamy Road?

The Sub Registrar Office that covers Block 6 K.N.Kuppusamy 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 C

The guideline value plays a crucial role in the registration of property transactions in Ward C. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is recorded accurately and legally.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of property transactions. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Block 6 K.N.Kuppusamy Road?

The current guideline value of Block 6 K.N.Kuppusamy Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 387 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 184% over the years.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Block 6 K.N.Kuppusamy Road?

The Erode Joint I Sub Registrar Office handles property registrations for Block 6 K.N.Kuppusamy Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

Where can I find more information about the guideline value?

More information about the guideline value can be found in the Registration Department's guideline value register (TNReginet), which provides detailed figures for various streets in the area.