Guideline Value for Block 11 Periya Mariamman Kovil Street

Block 11 Periya Mariamman Kovil Street guideline value

The current guideline value for Block 11 Periya 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 and is classified as Residential Class II Type - III.

How the guideline value of Block 11 Periya Mariamman Kovil Street has changed

The guideline value for Block 11 Periya Mariamman Kovil Street has undergone several revisions over the years. The earliest recorded value was Rs 270 per sq.ft in 2002, which increased to Rs 303 per sq.ft in 2003, marking a change of +12%. In 2007, the value further increased to Rs 350 per sq.ft, a rise of +16%. The value then saw a significant jump to Rs 600 per sq.ft in 2012, representing a +71% increase. However, from 2012 to 2017, the value decreased to Rs 402 per sq.ft, a decline of -33%. The next revision in 2023 set the value at Rs 700 per sq.ft, which was a +74% increase from the 2017 figure. The most recent revision in 2024 established the current value at Rs 771 per sq.ft, reflecting a +10% increase from the previous year.

There are no figures available for revisions in years not listed above. Overall, from 2002 to 2024, the guideline value has increased by +186%.

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 Periya Mariamman Kovil Street is below this median.

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

The Sub Registrar Office that covers Block 11 Periya Mariamman Kovil 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 a crucial factor in the registration process when buying or selling property in Ward D. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 11 Periya Mariamman Kovil Street?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly over the years, with an overall increase of +186% from 2002 to 2024. The most recent revision in 2024 saw a +10% increase from the previous year.

What is the classification of land in Block 11 Periya Mariamman Kovil Street?

Block 11 Periya Mariamman Kovil Street is classified as Residential Class II Type - III. This classification is important for determining the use and potential of the land.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Block 11 Periya Mariamman Kovil Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees can be calculated using the rates provided.