Guideline Value for Block 11 Kottaiyar Street

Block 11 Kottaiyar Street guideline value

The current guideline value for Block 11 Kottaiyar Street is Rs 825 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 II Type - II.

How the guideline value of Block 11 Kottaiyar Street has changed

The guideline value for Block 11 Kottaiyar Street has undergone several revisions over the years. In 2002, the value was Rs 398 per sq.ft. It increased to Rs 447 per sq.ft in 2003, marking a rise of 12%. The value then saw a significant increase to Rs 600 per sq.ft in 2007, which was a 34% change. In 2012, the value adjusted to Rs 750 per sq.ft, reflecting a 25% increase from the previous revision. However, in 2017, it dropped to Rs 502 per sq.ft, a decrease of 33%. The value rose again to Rs 750 per sq.ft in 2023, before reaching the current figure of Rs 825 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 107%. The register has no figures for this street for the years not mentioned.

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 Kottaiyar Street is above this median.

• Block 11 Karpagam Lay-out 1 2 3 4: Rs 825 per sq.ft (2024)
• Block 11 Krishnamoorthy Thottam Street 1 2 3: Rs 771 per sq.ft (2024)
• Block 11 Chinna Mariamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 11 Cauvery Road Main Road: Rs 2,750 per sq.ft (2024)
• Block 11 OmKaliamman Kovil Theru: Rs 771 per sq.ft (2024)
• Block 11 Periya Mariamman Kovil Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 11 Kottaiyar Street

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, totaling Rs 74,250. 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 Kottaiyar Street?

The Sub Registrar Office that covers Block 11 Kottaiyar 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Ward D. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price.

When buying or selling property, it is important to be aware of the guideline value, as it can affect the overall transaction costs. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Block 11 Kottaiyar Street?

The current guideline value for Block 11 Kottaiyar Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 398 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 107% over the years.

What is the stamp duty for property in Block 11 Kottaiyar Street?

The stamp duty for property in Block 11 Kottaiyar Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Block 11 Kottaiyar Street located?

The Sub Registrar Office for Block 11 Kottaiyar Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It ensures that these costs are based on an official valuation rather than the sale price.