Guideline Value for Block 10 East Okkiliyar Street (Kambar Street)

Block 10 East Okkiliyar Street (Kambar Street) guideline value

The current guideline value of Block 10 East Okkiliyar Street (Kambar Street) is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 10 East Okkiliyar Street (Kambar Street) has changed

The guideline value for Block 10 East Okkiliyar Street (Kambar Street) has seen several revisions over the years. In 2002, the guideline value was Rs 288 per sq.ft, which increased to Rs 326 per sq.ft in 2003, marking a 13% rise. The value then saw a modest increase to Rs 350 per sq.ft in 2007, which was a 7% change. By 2012, the value had risen to Rs 500 per sq.ft, reflecting a 43% increase. However, it dropped to Rs 335 per sq.ft in 2017, a decline of 33%. The following revision in 2023 saw a significant increase to Rs 700 per sq.ft, which was a 109% rise. Finally, the current guideline value in 2024 is Rs 771 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the revisions in years not listed above. Overall, from 2002 to 2024, the guideline value has increased by 168%.

Guideline values in Ward E

In Ward E under the Erode Joint I SRO, there are 196 streets with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 10 East Okkiliyar Street (Kambar Street) is below this median.

• Block 10 Nethaji Street: Rs 1,925 per sq.ft (2024)
• Block 10 North Okkiliyar Street: Rs 771 per sq.ft (2024)
• Block 10 South Okkiliyar Street: Rs 771 per sq.ft (2024)
• Block 10 Vaikkal Road: Rs 771 per sq.ft (2024)
• Block 10 Venkitasamy Ravuth Street: Rs 771 per sq.ft (2024)
• Block 11 Nethaji Street Part-2: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 10 East Okkiliyar Street (Kambar Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total fees to Rs 69,390. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 10 East Okkiliyar Street (Kambar Street)?

The Sub Registrar Office covering Block 10 East Okkiliyar Street (Kambar 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 E

The guideline value is a crucial factor when registering property transactions in Ward E. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value that reflects the prevailing rates in the area.

When buying or selling property, the guideline value helps both parties understand the minimum value that will be considered for taxation purposes. This ensures transparency in property transactions and aids in the accurate assessment of fees due at the time of registration.

Frequently asked questions

What is the current guideline value of Block 10 East Okkiliyar Street (Kambar Street)?

The current guideline value of Block 10 East Okkiliyar Street (Kambar 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 288 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of 168% over this period.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 7,71,000, with stamp duty at Rs 53,970 and registration fees at Rs 15,420, totaling Rs 69,390.

Which office handles property registrations for Block 10 East Okkiliyar Street?

The Erode Joint I Sub Registrar Office is responsible for property registrations in Block 10 East Okkiliyar Street (Kambar Street), located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for calculating stamp duty and registration fees during property transactions, ensuring transparency and fairness in the registration process.