Guideline Value for Block 9 Kalaimagal School Road

Block 9 Kalaimagal School Road guideline value

The current guideline value of Block 9 Kalaimagal School Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Block 9 Kalaimagal School Road has changed

The guideline value for Block 9 Kalaimagal School Road has seen several revisions over the years. The earliest recorded figure in the register is from 2002, with a guideline value of Rs 447 per sq.ft. This increased to Rs 501 per sq.ft in 2003, marking a 12% rise. The value then rose by 50% to Rs 750 per sq.ft in 2007, followed by a 33% increase to Rs 1,000 per sq.ft in 2012. However, from 2012 to 2017, the guideline value decreased by 33% to Rs 670 per sq.ft. The value then increased significantly by 49% to Rs 1,000 per sq.ft in 2023 and further rose by 10% to the current figure of Rs 1,100 per sq.ft in 2024.

There are no figures available for revisions in the register for the years not mentioned. Overall, from 2002 to 2024, the guideline value has increased by 146%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Block 9 Kalaimagal School Road.

• Block 9 E.V.Nanjappa Street: Rs 3,300 per sq.ft (2024)
• Block 9 Muthusamy Sandu: Rs 1,100 per sq.ft (2024)
• Block 9 Palaniappa Street: Rs 2,200 per sq.ft (2024)
• Block 9 Pavadai Street: Rs 825 per sq.ft (2024)
• Block 9 Periyana Street: Rs 1,100 per sq.ft (2024)
• Block 9 Power House Colony: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 9 Kalaimagal School Road

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 more information.

Which Sub Registrar Office covers Block 9 Kalaimagal School Road?

The Sub Registrar Office that covers Block 9 Kalaimagal School 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 more details.

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

The guideline value is an important factor when registering property in Ward B. It determines the minimum value at which a property can be registered and is used for calculating stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Block 9 Kalaimagal School Road?

The current guideline value of Block 9 Kalaimagal School Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 447 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 146% over the years.

What is the registration office for Block 9 Kalaimagal School Road?

The registration office for Block 9 Kalaimagal School Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for property in Block 9 Kalaimagal School Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total stamp duty and registration fee of Rs 99,000.

What are the other streets in Ward B with guideline values?

Other streets in Ward B also have varying guideline values, with some streets like Block 9 E.V.Nanjappa Street valued at Rs 3,300 per sq.ft, while others like Block 9 Pavadai Street are valued at Rs 825 per sq.ft.