Guideline Value for Block 6 Krishthuvar Street

Block 6 Krishthuvar Street guideline value

The current guideline value of Block 6 Krishthuvar Street is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, with a land classification of Residential Class III Type - I.

How the guideline value of Block 6 Krishthuvar Street has changed

The guideline value for Block 6 Krishthuvar Street has undergone several revisions over the years. The earliest recorded value was Rs 180 per sq.ft in 2002, which increased to Rs 204 per sq.ft in 2003, marking a change of +13%. From 2003, the value rose significantly to Rs 350 per sq.ft in 2007, reflecting a +72% increase. In 2012, the value adjusted to Rs 500 per sq.ft, a decrease of -33% from the previous revision. The next revision in 2017 saw a substantial rise to Rs 335 per sq.ft, which was an increase of +109% from 2012. The value then increased to Rs 700 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 771 per sq.ft, a change of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +328%. There are no figures available for revisions in years not listed above.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 6 Krishthuvar Street is below this median.

• Block 6 Kuppakatthan Lane: Rs 771 per sq.ft (2024)
• Block 6 Nadu Street: Rs 771 per sq.ft (2024)
• Block 6 Nethaji Street: Rs 1,925 per sq.ft (2024)
• Block 6 New Street: Rs 771 per sq.ft (2024)
• Block 6 Poondhurai Road: Rs 1,650 per sq.ft (2024)
• Block 6 Cross Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 Krishthuvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total fees to Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 6 Krishthuvar Street?

The Sub Registrar Office that covers Block 6 Krishthuvar Street 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 E

The guideline value plays a crucial role in property transactions in Ward E. When a property is bought or sold, the guideline value is utilized to determine the applicable stamp duty and registration fees. This ensures that the transaction is registered at a value that reflects the official rates set by the registration department.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Accurate knowledge of these values can help in budgeting for the overall expenses involved in a property transaction.

Frequently asked questions

What is the current guideline value of Block 6 Krishthuvar Street?

The current guideline value of Block 6 Krishthuvar Street is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +328% over the years.

What is the registration office for Block 6 Krishthuvar Street?

The registration office for Block 6 Krishthuvar Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode - 638009.

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. For example, for a property valued at Rs 7,71,000, the stamp duty at 7% would be Rs 53,970.

What are the other streets in Ward E with the same guideline value?

Other streets in Ward E with the same guideline value of Rs 771 per sq.ft include Block 6 Kuppakatthan Lane, Block 6 Nadu Street, Block 6 New Street, and Block 6 Cross Street.