Guideline Value for Block 7 K.N.Kuppusamy Road

Block 7 K.N.Kuppusamy Road guideline value

The current guideline value of Block 7 K.N.Kuppusamy Road is Rs 1,375 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 I Type - III land classification.

How the guideline value of Block 7 K.N.Kuppusamy Road has changed

The guideline value for Block 7 K.N.Kuppusamy Road has seen significant changes over the years. In 2002, the value was Rs 387 per sq.ft, which increased to Rs 434 per sq.ft in 2003, marking a 12% rise. The value continued to rise, reaching Rs 750 per sq.ft in 2007, a 73% increase from the previous revision. By 2012, the value was Rs 1,250 per sq.ft, reflecting a 67% increase from 2007. However, it dropped to Rs 837 per sq.ft in 2017, a decrease of 33% from 2012. The value then rose again to Rs 1,250 per sq.ft in 2023, followed by a further increase to Rs 1,375 per sq.ft in 2024, which is a 10% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 255%. The register has no figures for the years between 2017 and 2023 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, which is equal to the current value for Block 7 K.N.Kuppusamy Road.

• Block 7 Ganapathipuram Part 2: Rs 825 per sq.ft (2024)
• Block 7 Cauvery Road Main Road Part 3: Rs 1,925 per sq.ft (2024)
• Block 6 Vinayagar Kovil Street: Rs 772 per sq.ft (2024)
• Block 7 Rajaji Street (Puram): Rs 770 per sq.ft (2024)
• Block 6 Veeraboyan Street: Rs 770 per sq.ft (2024)
• Block 7 Sagansaibu Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 7 K.N.Kuppusamy Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value is Rs 13,75,000. The stamp duty at 7% would amount to Rs 96,250, while the registration fee at 2% would be Rs 27,500, bringing the total cost to Rs 1,23,750. The duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 7 K.N.Kuppusamy Road?

The Sub Registrar Office that covers Block 7 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Ward C. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the actual sale price.

During the registration process, the guideline value ensures that the property is valued fairly for taxation purposes. It is important for both buyers and sellers to understand how this value impacts their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Block 7 K.N.Kuppusamy Road?

The current guideline value of Block 7 K.N.Kuppusamy 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 from Rs 387 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, marking an overall increase of 255% over this period.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 96,250 and the registration fee would be Rs 27,500, totaling Rs 1,23,750.

Which office handles the registration for this area?

The Erode Joint I Sub Registrar Office handles the registration for Block 7 K.N.Kuppusamy Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the guideline value determined?

The guideline value is determined based on various factors, including land classification and previous revisions. It is used to calculate the stamp duty and registration fees during property transactions.