Guideline Value for Block 8 Karikalan Theru

Block 8 Karikalan Theru guideline value

The current guideline value of Block 8 Karikalan Theru is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 8 Karikalan Theru has changed

The guideline value of Block 8 Karikalan Theru has seen several revisions over the years. In 2003, the value was Rs 236 per sq.ft, which increased to Rs 350 per sq.ft in 2007. Following this, the value rose to Rs 500 per sq.ft in 2012, before decreasing to Rs 335 per sq.ft in 2017. The next revision in 2023 saw a significant increase to Rs 700 per sq.ft, and the most recent revision in 2024 set the value at Rs 770 per sq.ft. The register has no figure for this street in 2002.

Between the revisions, the changes were notable. From 2003 to 2007, the value increased by 48%. However, it decreased by 33% from 2012 to 2017. The value then surged by 109% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 226%.

Guideline values in Ward D

In Ward D, there are 200 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 in this area is Rs 798 per sq.ft, placing Block 8 Karikalan Theru below that median.

• Block 8 New Cauvery Road Lane: Rs 1,100 per sq.ft (2024)
• Block 8 Cauvery Road Main Road: Rs 1,925 per sq.ft (2024)
• Block 8 Patchiappa Lane: Rs 770 per sq.ft (2024)
• Block 8 Periya Mariamman Kovil Street: Rs 770 per sq.ft (2024)
• Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street: Rs 770 per sq.ft (2024)
• Block 7 Vanniya Kula Chatriyar Street OR Cauvery Street OR Karikalan Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 8 Karikalan Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 8 Karikalan Theru?

The Sub Registrar Office that covers Block 8 Karikalan Theru 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 D

The guideline value is a crucial factor during the registration of property transactions in Ward D. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the guideline value to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Block 8 Karikalan Theru?

The current guideline value of Block 8 Karikalan Theru is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 236 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, showing an overall increase of 226% over this period.

What is the stamp duty for properties in Block 8 Karikalan Theru?

The stamp duty for properties in Block 8 Karikalan Theru is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this amounts to Rs 53,900.

Where can I find the Sub Registrar Office for Block 8 Karikalan Theru?

The Sub Registrar Office for Block 8 Karikalan Theru is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What are the other streets in Ward D with similar guideline values?

Other streets in Ward D include Block 8 New Cauvery Road Lane at Rs 1,100 per sq.ft, Block 8 Cauvery Road Main Road at Rs 1,925 per sq.ft, and several others at Rs 770 per sq.ft.