Guideline Value for Blake Mariamman Kovil Street

Blake Mariamman Kovil Street guideline value

The current guideline value of Blake Mariamman Kovil Street is Rs 2,300 per sq.ft, effective from 1 July 2024. This street is located in Sowripalayam village, under the Peelamedu SRO, and is classified as Residential Class III Type - I.

How the guideline value of Blake Mariamman Kovil Street has changed

Over the years, the guideline value of Blake Mariamman Kovil Street has seen significant changes. The earliest recorded revision was in 2007, where the value was Rs 507 per sq.ft. This increased dramatically to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 294%. However, from 2012 to 2017, there was a decrease to Rs 1,340 per sq.ft, a drop of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, followed by the latest revision in 2024, which set the value at Rs 2,300 per sq.ft, reflecting a 15% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, bringing it to Rs 2,000 per sq.ft. Overall, from the initial value in 2007 to the current value in 2024, there has been a remarkable increase of 354%.

Guideline values in Sowripalayam

In Sowripalayam, there are 186 streets under the Peelamedu SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 7,800 per sq.ft. The median value across these streets is Rs 2,300 per sq.ft, which is equal to the guideline value of Blake Mariamman Kovil Street.

• Bharathi Nagar or Colony: Rs 4,950 per sq.ft (2024)
• Balathandayuthapuram (Sowripalayam): Rs 2,300 per sq.ft (2024)
• Balakrishnan Street: Rs 2,300 per sq.ft (2024)
• Baladhandayutham Nagar: Rs 1,350 per sq.ft (2024)
• Ayyar Road: Rs 2,300 per sq.ft (2024)
• Ayyappa Naidu Street(Peelamedu Pudhur): Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Blake Mariamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value would be Rs 23,00,000. The stamp duty at 7% would amount to Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, bringing the total charges to Rs 2,07,000. 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 information.

Which Sub Registrar Office covers Blake Mariamman Kovil Street?

The Peelamedu Sub Registrar Office covers Blake Mariamman Kovil Street. The office is located at 6/1, Grd Road, Redfields, Coimbatore - 18 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 Sowripalayam

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

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during the registration process.

Frequently asked questions

What is the current guideline value of Blake Mariamman Kovil Street?

The current guideline value of Blake Mariamman Kovil Street is Rs 2,300 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 507 per sq.ft in 2007 to Rs 2,300 per sq.ft in 2024, representing an overall increase of 354% over the years.

What is the land classification for Blake Mariamman Kovil Street?

Blake Mariamman Kovil Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,07,000, based on the guideline value of Rs 23,00,000.

Which office handles property registrations for Blake Mariamman Kovil Street?

The Peelamedu Sub Registrar Office handles property registrations for Blake Mariamman Kovil Street, located at 6/1, Grd Road, Redfields, Coimbatore - 18.