Guideline Value for Black Marayamman Kovil Street

Black Marayamman Kovil Street guideline value

The current guideline value of Black Marayamman Kovil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ward 10 village under the Peelamedu SRO and is classified as Residential Class I Type - II.

How the guideline value of Black Marayamman Kovil Street has changed

The guideline value for Black Marayamman Kovil Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. This marked a significant increase of 108%. However, the value dropped to Rs 1,675 per sq.ft in 2017, reflecting a decrease of 33% from the previous revision. The next revision in 2023 set the value at Rs 2,500 per sq.ft, which was a substantial increase of 49% from 2017. The most recent revision in 2024 raised the guideline value to Rs 2,750 per sq.ft, an increase of 10% from 2023.

The overall change from the 2007 revision to the 2024 revision is an increase of 129%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward 10

In Ward 10, there are 224 streets under the Peelamedu SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 7,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Black Marayamman Kovil Street is above this median.

• Bhemanarayanan Street (or) Layout: Rs 1,980 per sq.ft (2024)
• Bharathiyar Road: Rs 3,850 per sq.ft (2024)
• Bharathipuram Road: Rs 1,320 per sq.ft (2024)
• Bharathipuram Huts: Rs 1,320 per sq.ft (2024)
• Bazar Street: Rs 2,200 per sq.ft (2024)
• Balasundaram Road: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Black Marayamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty charged at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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 detailed calculations.

Which Sub Registrar Office covers Black Marayamman Kovil Street?

The Sub Registrar Office that covers Black Marayamman Kovil Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward 10

The guideline value is a crucial factor during property registration in Ward 10. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential for calculating the stamp duty, which is charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Black Marayamman Kovil Street?

The current guideline value of Black Marayamman Kovil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 129% over the years.

What is the registration office for Black Marayamman Kovil Street?

The registration office for Black Marayamman Kovil Street is the Peelamedu Sub Registrar Office, located at 6/1, Grd Road, Redfields, Coimbatore - 18.

What is the stamp duty for property in Black Marayamman Kovil Street?

The stamp duty for property in Black Marayamman Kovil Street is charged at 7% of the guideline value or the sale price, whichever is higher.

How can I calculate the registration fee?

The registration fee is calculated at 2% of the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.