Guideline Value for Block 6 Kalaimagal School Road

Block 6 Kalaimagal School Road guideline value

The current guideline value of Block 6 Kalaimagal School Road is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Block 6 Kalaimagal School Road has changed

The guideline value for Block 6 Kalaimagal School Road has seen several revisions over the years. In 2002, the value was Rs 447 per sq.ft, which increased to Rs 501 per sq.ft in 2003, marking a 12% rise. The value then continued to rise to Rs 750 per sq.ft in 2007, reflecting a 50% increase from the previous revision. In 2012, the guideline value was Rs 1,250 per sq.ft, showing a significant increase of 67% from 2007. However, this value dropped to Rs 837 per sq.ft in 2017, representing a decrease of 33%.

The most recent revisions show a rise to Rs 1,250 per sq.ft in 2023, followed by an increase to the current value of Rs 1,375 per sq.ft in 2024, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 208%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Block 6 Kalaimagal School Road above this median.

• Block 6 Brough Road: Rs 6,600 per sq.ft (2024)
• Block 5 Pavadai Street: Rs 1,100 per sq.ft (2024)
• Block 6 Vamalai Street: Rs 771 per sq.ft (2024)
• Block 7 Brough Road: Rs 6,600 per sq.ft (2024)
• Block 5 Kalaimagal School Road: Rs 2,200 per sq.ft (2024)
• Block 7 Chinnappa Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 Kalaimagal School Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total 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, bringing the total to Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 6 Kalaimagal School Road?

The Sub Registrar Office that covers Block 6 Kalaimagal School 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 information.

How the guideline value is used when you buy or sell in Ward B

The guideline value is a crucial factor when registering property transactions in Ward B. 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.

When a property is sold or purchased, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process adheres to the established values set by the government.

Frequently asked questions

What is the current guideline value of Block 6 Kalaimagal School Road?

The current guideline value of Block 6 Kalaimagal School Road 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 significantly, increasing from Rs 447 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 208%.

What is the median guideline value in Ward B?

The median guideline value in Ward B is Rs 1,100 per sq.ft, with Block 6 Kalaimagal School Road's value being above this median.

What are the stamp duty rates for property in Block 6 Kalaimagal School Road?

The stamp duty for property transactions in Block 6 Kalaimagal School Road is charged at 7% of the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for Block 6 Kalaimagal School Road?

The Sub Registrar Office for Block 6 Kalaimagal School Road is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.