Guideline Value for Block 10 Periya Mariamman Koil Street

Block 10 Periya Mariamman Koil Street guideline value

The current guideline value for Block 10 Periya Mariamman Koil 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 10 Periya Mariamman Koil Street has changed

Since the 2002 revision, the guideline value for Block 10 Periya Mariamman Koil Street has seen significant changes. In 2002, the value was Rs 208 per sq.ft, which increased to Rs 233 per sq.ft in 2003, marking a 12% rise. The value continued to rise to Rs 250 per sq.ft in 2007, a 7% increase from the previous year. The next revision in 2012 saw a drop to Rs 500 per sq.ft, a decrease of 100%. The value then rose to Rs 335 per sq.ft in 2017, which was a 109% increase. The most recent revisions show an increase to Rs 700 per sq.ft in 2023, followed by a further increase to Rs 770 per sq.ft in 2024, reflecting a 10% change.

There are no figures available for the years outside of those listed. The overall change from 2002 to 2024 is an increase of 270%.

Guideline values in Ward D

In Ward D, the guideline values for 200 streets under the Erode Joint I SRO range 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 10 Periya Mariamman Koil Street is below this median.

• Block 10 Ranganathan Lay-out 1,2: Rs 770 per sq.ft (2024)
• Block 10 Manickam Nagar: Rs 770 per sq.ft (2024)
• Block 10 Krishnamoorthy Thottam Street 1.2.3.4.: Rs 771 per sq.ft (2024)
• Block 11 Cauvery Road Main Road: Rs 2,750 per sq.ft (2024)
• Block 11 Chinna Mariamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 11 Karpagam Lay-out 1 2 3 4: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 10 Periya Mariamman Koil Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to 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, together totaling Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Block 10 Periya Mariamman Koil Street?

The Sub Registrar Office that covers Block 10 Periya Mariamman Koil 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 an essential factor in the registration process when buying or selling property in Ward D. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the registration department. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value for Block 10 Periya Mariamman Koil Street?

The current guideline value for Block 10 Periya Mariamman Koil 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 increased from Rs 208 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 270% over the years.

What is the classification of Block 10 Periya Mariamman Koil Street?

Block 10 Periya Mariamman Koil Street is classified as Residential Class III Type - I.

Where is the Sub Registrar Office located for this street?

The Erode Joint I Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 7,70,000, the stamp duty at 7% would be Rs 53,900.