Guideline Value for Block 1 North Chinna Mariamman Kovil Street

Block 1 North Chinna Mariamman Kovil Street guideline value

The current guideline value for Block 1 North Chinna Mariamman Kovil Street is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, classified as Residential Class II Type - III.

How the guideline value of Block 1 North Chinna Mariamman Kovil Street has changed

The guideline value for Block 1 North Chinna Mariamman Kovil Street has seen several revisions over the years. In 2003, the value was Rs 303 per sq.ft, which increased to Rs 350 per sq.ft in 2007. Following this, the value rose to Rs 600 per sq.ft in 2012, but then decreased to Rs 402 per sq.ft in 2017. The value surged to Rs 700 per sq.ft in 2023 and is now set at Rs 771 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 154%. The register does not contain figures for the year 2002 for this street.

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 for Block 1 North Chinna Mariamman Kovil Street is below this median.

• Block 1 Ponnusamy Theru: Rs 770 per sq.ft (2024)
• Block 1 Kuyilan Thoppu: Rs 771 per sq.ft (2024)
• Block 20 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 20 Cutcheri Street: Rs 1,375 per sq.ft (2024)
• Block 1 Cauvery Road: Rs 825 per sq.ft (2024)
• Block 1 Cauvery Nagar: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 1 North Chinna Mariamman Kovil Street

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, totaling Rs 69,390. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Block 1 North Chinna Mariamman Kovil Street?

The Sub Registrar Office that covers Block 1 North Chinna Mariamman Kovil Street 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 information.

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

The guideline value is a crucial factor during the registration process of property transactions in Ward D. 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 benchmark for assessing the value of the property. It is essential for both buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 1 North Chinna Mariamman Kovil Street?

The current guideline value for Block 1 North Chinna Mariamman Kovil Street 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 303 per sq.ft in 2003 to Rs 771 per sq.ft in 2024, showing an overall increase of 154% over this period.

What is the median guideline value in Ward D?

The median guideline value in Ward D is Rs 798 per sq.ft, while Block 1 North Chinna Mariamman Kovil Street's value is below this median.

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

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970 and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which office handles property registrations for this street?

The Erode Joint I Sub Registrar Office handles property registrations for Block 1 North Chinna Mariamman Kovil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.