Guideline Value for Block 6 Kuppakatthan Lane

Block 6 Kuppakatthan Lane guideline value

The current guideline value of Block 6 Kuppakatthan Lane 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, and is classified as Residential Class III Type - I.

How the guideline value of Block 6 Kuppakatthan Lane has changed

The guideline value for Block 6 Kuppakatthan Lane has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 234 per sq.ft. It increased to Rs 265 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 350 per sq.ft in 2007, a +32% increase. In 2012, it reached Rs 500 per sq.ft, reflecting a +43% change. However, there was a decline to Rs 335 per sq.ft in 2017, which was a -33% change. The value significantly increased to Rs 700 per sq.ft in 2023, showing a +109% change. The most recent revision in 2024 set the value at Rs 771 per sq.ft, which is a +10% increase from the previous year.

There are no figures available for the revisions of this street in any other years. Overall, from 2002 to 2024, the guideline value has increased by +229%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing the 2024 figure for Block 6 Kuppakatthan Lane below this median.

• Block 6 Krishthuvar Street: 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 Sivasanmugam Pillai Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 Kuppakatthan Lane

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, while the registration fee at 2% would be Rs 15,420. Together, these fees would total Rs 69,390. 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 Kuppakatthan Lane?

The Sub Registrar Office that covers Block 6 Kuppakatthan Lane is the Erode Joint I Sub Registrar Office. The office is 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 E

The guideline value is a crucial factor in the registration of property transactions in Ward E. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware of the guideline value to ensure that they comply with the legal requirements during the registration process.

When a property is registered, the guideline value helps in assessing the official value of the property for taxation purposes. 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 Kuppakatthan Lane?

The current guideline value of Block 6 Kuppakatthan Lane 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 significantly from Rs 234 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +229%.

What is the registration office for Block 6 Kuppakatthan Lane?

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

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same amount.

What are the guideline values for other streets in Ward E?

Other streets in Ward E have varying guideline values, with rates ranging from Rs 771 to Rs 2,750 per sq.ft. For example, Block 6 Nethaji Street has a guideline value of Rs 1,925 per sq.ft in 2024.