Guideline Value for Block 9 Krishnampalayam Road 1,2,3

Block 9 Krishnampalayam Road 1,2,3 guideline value

The current guideline value for Block 9 Krishnampalayam Road 1,2,3 is Rs 771 per sq.ft. This property is located in Ward C village, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 9 Krishnampalayam Road 1,2,3 has changed

The guideline value for this street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 185 per sq.ft. It increased to Rs 208 per sq.ft in 2003, followed by a rise to Rs 300 per sq.ft in 2007. The 2012 revision saw a decrease to Rs 500 per sq.ft, which was then revised to Rs 335 per sq.ft in 2017. The value significantly increased to Rs 700 per sq.ft in 2023, and the latest revision in 2024 set the guideline value at Rs 771 per sq.ft. The changes between these revisions include an increase of 10% from 2023 to 2024, a 109% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, an increase of 67% from 2007 to 2012, a 44% increase from 2003 to 2007, and a 12% increase from 2002 to 2003.

Overall, from 2002 to 2024, the guideline value has increased by 317%. It is important to note that there are no figures available for revisions other than those mentioned for this street.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, and Block 9 Krishnampalayam Road 1,2,3's 2024 figure is below that median.

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

Stamp duty and registration fee for property in Block 9 Krishnampalayam Road 1,2,3

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, making the total fees together Rs 69,390. 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 Krishnampalayam Road 1,2,3?

The Sub Registrar Office that covers Block 9 Krishnampalayam Road 1,2,3 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 is a critical factor in the registration of property transactions in Ward C. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value, as it impacts the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Block 9 Krishnampalayam Road 1,2,3?

The current guideline value for Block 9 Krishnampalayam Road 1,2,3 is Rs 771 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 185 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of 317% over this period.

What is the classification of the land in Block 9 Krishnampalayam Road 1,2,3?

The land classification for Block 9 Krishnampalayam Road 1,2,3 is Residential Class III Type - I.

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

The Sub Registrar Office for Block 9 Krishnampalayam Road 1,2,3 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 69,390.