Guideline Value for Block 6 Krishnampalayam Road

Block 6 Krishnampalayam Road guideline value

The current guideline value of Block 6 Krishnampalayam Road is Rs 825 per sq.ft, effective from 1 July 2024. This property is located in Ward C village under the Erode Joint I SRO and falls under the Residential Class II Type - II land classification.

How the guideline value of Block 6 Krishnampalayam Road has changed

The guideline value for Block 6 Krishnampalayam Road has undergone several revisions over the years. In 2002, the guideline value was Rs 281 per sq.ft, which increased to Rs 315 per sq.ft in 2003, marking a 12% rise. The value then saw a significant increase to Rs 500 per sq.ft in 2007, reflecting a 59% change. In 2012, the value remained at Rs 750 per sq.ft, but it dropped to Rs 502 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value increased to Rs 750 per sq.ft, and then to Rs 825 per sq.ft in 2024, representing a 49% rise from the previous revision. The overall increase from the 2002 figure to the current 2024 figure is 194%. There are no revisions with figures missing for this street.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value is Rs 1,375 per sq.ft, placing Block 6 Krishnampalayam Road's 2024 figure below this median.

• Block 6 K.N.Kuppusamy Road: Rs 1,100 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 PoonKundranar St: Rs 825 per sq.ft (2024)
• Block 6 Chinnappan Lay Out: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 Krishnampalayam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 6 Krishnampalayam Road?

The Sub Registrar Office that covers Block 6 Krishnampalayam 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 is a critical factor in the registration process when buying or selling property in Ward C. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Block 6 Krishnampalayam Road?

The current guideline value of Block 6 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 seen several revisions, starting from Rs 281 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, marking an overall increase of 194% over the years.

What is the land classification for Block 6 Krishnampalayam Road?

Block 6 Krishnampalayam Road falls under the Residential Class II Type - II land classification.

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

The Sub Registrar Office covering Block 6 Krishnampalayam Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 8,25,000, the stamp duty at 7% would be Rs 57,750.