Guideline Value for Block 11 OmKaliamman Kovil Theru

Block 11 OmKaliamman Kovil Theru guideline value

The current guideline value for Block 11 OmKaliamman Kovil Theru is Rs 771 per sq.ft, effective from 1 July 2024. This property 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 OmKaliamman Kovil Theru has changed

The guideline value for Block 11 OmKaliamman Kovil Theru has undergone several revisions over the years. In the 2003 revision, the value was Rs 336 per sq.ft, which increased to Rs 400 per sq.ft in 2007. The value saw a further rise to Rs 600 per sq.ft in 2012, but then decreased to Rs 402 per sq.ft in 2017. The 2023 revision set the value at Rs 700 per sq.ft, and the most recent revision in 2024 increased it to Rs 771 per sq.ft. Notably, there is no figure available for this street in the 2002 register.

Between the revisions, significant changes occurred. From 2003 to 2007, the guideline value increased by 19%. However, from 2012 to 2017, it decreased by 33%. The value saw a substantial increase of 74% from 2017 to 2023, and from 2023 to 2024, it rose by 10%. Overall, the guideline value has increased by 129% from 2003 to 2024.

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 11 OmKaliamman Kovil Theru is below this median.

• Block 11 Periya Mariamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 11 Ranganathan Street: Rs 771 per sq.ft (2024)
• Block 11 Krishnamoorthy Thottam Street 1 2 3: Rs 771 per sq.ft (2024)
• Block 11 Senniappa Lay-out: Rs 825 per sq.ft (2024)
• Block 11 Kottaiyar Street: Rs 825 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 11 OmKaliamman Kovil Theru

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, while the registration fee at 2% would be Rs 15,420, making the total charges Rs 69,390. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 11 OmKaliamman Kovil Theru?

The Sub Registrar Office that covers Block 11 OmKaliamman Kovil Theru 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 a critical factor in property transactions in Ward D, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall costs involved in the property transaction. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Block 11 OmKaliamman Kovil Theru?

The current guideline value for Block 11 OmKaliamman Kovil Theru 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 from Rs 336 per sq.ft in 2003 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 129% over this period.

What are the stamp duty and registration fees for property in Block 11 OmKaliamman Kovil Theru?

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

Which Sub Registrar Office covers Block 11 OmKaliamman Kovil Theru?

The Erode Joint I Sub Registrar Office covers Block 11 OmKaliamman Kovil Theru, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 11 OmKaliamman Kovil Theru?

The land classification for Block 11 OmKaliamman Kovil Theru is Residential Class II Type - III.