Guideline Value for Block 9 Kumanan Street

Block 9 Kumanan Street guideline value

The current guideline value of Block 9 Kumanan Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Ward D village, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 9 Kumanan Street has changed

The guideline value for Block 9 Kumanan Street has seen several revisions over the years. In 2002, the guideline value was Rs 208 per sq.ft, which increased to Rs 233 per sq.ft in 2003, marking a 12% rise. The value then experienced a 7% increase to Rs 250 per sq.ft in 2007. Following this, the value doubled to Rs 500 per sq.ft in 2012, representing a 100% increase. However, from 2012 to 2017, the value decreased by 33% to Rs 335 per sq.ft. The subsequent revision in 2023 saw a significant increase of 109%, bringing the value to Rs 700 per sq.ft, and the latest revision in 2024 raised it by 10% to Rs 770 per sq.ft.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 270%.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value of Block 9 Kumanan Street at Rs 770 per sq.ft is below this median.

• Block 9 Muthukaruppan Sandhu: Rs 770 per sq.ft (2024)
• Block 9 Palani Sandhu: Rs 770 per sq.ft (2024)
• Block 9 Periyamariamman Kovil Street: Rs 770 per sq.ft (2024)
• Block 9 Arasilango Street: Rs 770 per sq.ft (2024)
• Block 9 Sekkilar Street: Rs 770 per sq.ft (2024)
• Block 9 Thoppaiya Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 9 Kumanan Street

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 be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees together 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 9 Kumanan Street?

The Sub Registrar Office that covers Block 9 Kumanan Street 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 in the registration process when buying or selling property in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected based on the official valuation. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Block 9 Kumanan Street?

The current guideline value of Block 9 Kumanan Street 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 208 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 270% over this period.

What is the classification of Block 9 Kumanan Street?

Block 9 Kumanan Street is classified as Residential Class III Type - I under the Erode Joint I SRO.

Where can I find the Sub Registrar Office for Block 9 Kumanan Street?

The Sub Registrar Office for Block 9 Kumanan Street 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 properties in Block 9 Kumanan Street?

Stamp duty is calculated at 7% of 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 stamp duty would be Rs 53,900.