Guideline Value for Block 11 Chinna Mariamman Kovil Street

Block 11 Chinna Mariamman Kovil Street guideline value

The current guideline value of Block 11 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 11 Chinna Mariamman Kovil Street has changed

The guideline value for Block 11 Chinna Mariamman Kovil Street has seen several revisions over the years. In 2002, the guideline value was Rs 208 per sq.ft, which increased to Rs 233 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 250 per sq.ft in 2007, a 7% increase. Following this, there was a significant jump to Rs 600 per sq.ft in 2012, reflecting a 140% increase. However, the value decreased to Rs 402 per sq.ft in 2017, showing a decline of 33%. The most recent revisions saw the value rise to Rs 700 per sq.ft in 2023, followed by a further increase to Rs 771 per sq.ft in 2024, which is a 10% change.

Overall, from 2002 to 2024, the guideline value has increased by 271%. There are no figures available for the revisions in years other than those listed above.

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 11 Chinna Mariamman Kovil Street is below this median.

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

Stamp duty and registration fee for property in Block 11 Chinna Mariamman Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the guideline value would be 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, making the total Rs 69,390. 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 more details.

Which Sub Registrar Office covers Block 11 Chinna Mariamman Kovil Street?

The Sub Registrar Office that covers Block 11 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 in the registration process when buying or selling property in Ward D. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a buyer or seller approaches the registration office, the guideline value is assessed to determine the applicable charges. This ensures that the transaction is recorded accurately, reflecting the official value set by the authorities.

Frequently asked questions

What is the current guideline value of Block 11 Chinna Mariamman Kovil Street?

The current guideline value of Block 11 Chinna Mariamman Kovil Street is Rs 771 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Over the years, the guideline value has changed significantly. From Rs 208 per sq.ft in 2002, it has increased to Rs 771 per sq.ft in 2024, marking an overall increase of 271%.

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 manages property registrations for Block 11 Chinna Mariamman Kovil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and market conditions. It is revised periodically to reflect changes in property values.