Guideline Value for Block 9 K.N.Kuppusamy Road

Block 9 K.N.Kuppusamy Road guideline value

The current guideline value of Block 9 K.N.Kuppusamy Road is Rs 1,375 per sq.ft. This street is located in Ward C village, under the jurisdiction of the Erode Joint I SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Block 9 K.N.Kuppusamy Road has changed

Since the 2002 revision, the guideline value for Block 9 K.N.Kuppusamy Road has seen significant changes. The 2002 revision started at Rs 387 per sq.ft, which increased to Rs 434 per sq.ft in 2003, marking a 12% rise. The value then continued to rise, reaching Rs 750 per sq.ft in 2007, a 73% increase from the previous figure. The 2012 revision saw a drop to Rs 1,250 per sq.ft, a decrease of 33%. In 2017, the value increased to Rs 837 per sq.ft, followed by a substantial rise to Rs 1,250 per sq.ft in 2023, and finally reaching the current figure of Rs 1,375 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 255%. The revisions from 2017 to 2023 and 2023 to 2024 reflect the most recent adjustments in the guideline value for this street.

Guideline values in Ward C

In Ward C, there are 250 streets that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with the median being Rs 1,375 per sq.ft. The guideline value for Block 9 K.N.Kuppusamy Road is equal to this median.

• Block 9 Kannian Street 1-3: Rs 1,100 per sq.ft (2024)
• Block 9 Krishnampalayam Road 1,2,3: Rs 771 per sq.ft (2024)
• Block 8 Veeran Street: Rs 770 per sq.ft (2024)
• Block 9 Pudhumai Colony: Rs 770 per sq.ft (2024)
• Block 8 Varadhappan Rd: Rs 770 per sq.ft (2024)
• Block 9 R K V Nagar: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 9 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 would be Rs 13,75,000. The stamp duty at 7% would amount to Rs 96,250, and the registration fee at 2% would be Rs 27,500, totaling Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 9 K.N.Kuppusamy Road?

The Sub Registrar Office that covers Block 9 K.N.Kuppusamy Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for more details.

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

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

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline value.

Frequently asked questions

What is the current guideline value of Block 9 K.N.Kuppusamy Road?

The current guideline value of Block 9 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 significantly from Rs 387 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 255% over this period.

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

The stamp duty rate for properties in Block 9 K.N.Kuppusamy Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located?

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

What is the land classification for Block 9 K.N.Kuppusamy Road?

The land classification for Block 9 K.N.Kuppusamy Road is Residential Class I Type - III, which is relevant for understanding the usage and regulations applicable to the property.