Guideline Value for Block 7 Oppanakara Street (Kundhavai Street)

Block 7 Oppanakara Street (Kundhavai Street) guideline value

The current guideline value of Block 7 Oppanakara Street (Kundhavai Street) is Rs 771 per sq.ft. This street is located in Ward E village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 7 Oppanakara Street (Kundhavai Street) has changed

The guideline value for Block 7 Oppanakara Street (Kundhavai Street) has seen several revisions over the years. In 2002, the guideline value was Rs 270 per sq.ft, which increased to Rs 306 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 400 per sq.ft in 2007 (+31%), followed by an increase to Rs 500 per sq.ft in 2012 (+25%). However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, a decline of -33%. The value significantly increased to Rs 700 per sq.ft in 2023 (+109%), and the most recent revision in 2024 set the guideline value at Rs 771 per sq.ft, reflecting a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +186%. There are no revisions with figures missing for this street.

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, with a median value of Rs 825 per sq.ft. The guideline value for Block 7 Oppanakara Street (Kundhavai Street) is below this median.

• Block 7 Nethaji Street: Rs 1,925 per sq.ft (2024)
• Block 7 Pzhallakkara Street (Seedhakadhi Street): Rs 1,100 per sq.ft (2024)
• Block 7 Mandapam Street: Rs 1,375 per sq.ft (2024)
• Block 7 Uppukinar Street: Rs 771 per sq.ft (2024)
• Block 7 Cutcheri Street: Rs 1,650 per sq.ft (2024)
• Block 7 Court Street (or) Periyar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 7 Oppanakara Street (Kundhavai 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 cost for these fees to Rs 69,390. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Block 7 Oppanakara Street (Kundhavai Street)?

The Sub Registrar Office that covers Block 7 Oppanakara Street (Kundhavai 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 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 serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the registration process. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Block 7 Oppanakara Street (Kundhavai Street)?

The current guideline value of Block 7 Oppanakara Street (Kundhavai Street) is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has changed from Rs 270 per sq.ft to Rs 771 per sq.ft in 2024, showing an overall increase of +186% across the revisions.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Block 7 Oppanakara Street (Kundhavai Street) is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Block 7 Oppanakara Street (Kundhavai Street) is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that all parties involved are aware of their financial obligations when buying or selling property in Ward E.