Guideline Value for Block 8 Krishnampalayam Road 1,2,3

Block 8 Krishnampalayam Road 1,2,3 guideline value

The current guideline value for Block 8 Krishnampalayam Road 1,2,3 is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward A village, under the Erode Joint I SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Block 8 Krishnampalayam Road 1,2,3 has changed

The guideline value for Block 8 Krishnampalayam Road has undergone several revisions over the years. In 2002, the guideline value was Rs 105 per sq.ft, which increased to Rs 161 per sq.ft in 2003, marking a change of +53%. The value continued to rise, reaching Rs 250 per sq.ft in 2007 (+55%), followed by Rs 500 per sq.ft in 2012 (+100%). However, it saw a decline to Rs 335 per sq.ft in 2017, a decrease of -33%. The value then surged to Rs 700 per sq.ft in 2023 (+109%), and is now set at Rs 770 per sq.ft in 2024 (+10%). There are no figures available for revisions in other years for this street.

Guideline values in Ward A

In Ward A, there are 111 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 1,375 per sq.ft. The guideline value for Block 8 Krishnampalayam Road 1,2,3 is below this median.

• Block 8 Pumpings Station Road Main Road: Rs 825 per sq.ft (2024)
• Block 8 A.P.Thangavel Road Main Road: Rs 2,750 per sq.ft (2024)
• Block 8 Thirunagar Colony Road No.1,2: Rs 2,200 per sq.ft (2024)
• Block 7 Thirunagar Colony Road No.1,2: Rs 2,200 per sq.ft (2024)
• Block 9 Anna Nagar: Rs 1,925 per sq.ft (2024)
• Block 9 A.P.Thangavel Road Main Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 8 Krishnampalayam Road 1,2,3

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 8 Krishnampalayam Road 1,2,3?

The Sub Registrar Office that covers Block 8 Krishnampalayam Road 1,2,3 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 A

The guideline value is an essential factor when registering property transactions in Ward A. It serves as a basis for calculating the stamp duty and registration fees, which are mandatory during the buying or selling process.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures that the registration process adheres to the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value for Block 8 Krishnampalayam Road 1,2,3?

The current guideline value for Block 8 Krishnampalayam Road 1,2,3 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 105 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, showing an overall increase of +633% across the years.

What is the registration fee for properties in this area?

The registration fee is calculated at 2% of the guideline value. For example, for a property valued at Rs 7,70,000, the registration fee would be Rs 15,400.

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

The Erode Joint I Sub Registrar Office covers this property, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the purpose of the guideline value?

The guideline value is used to determine the stamp duty and registration fees applicable during property transactions. It serves as an official reference for property values in the area.