Guideline Value for Block 12 Kottaiyar Street

Block 12 Kottaiyar Street guideline value

The current guideline value of Block 12 Kottaiyar Street is Rs 825 per sq.ft, effective from 1 July 2024. This property 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 12 Kottaiyar Street has changed

The guideline value for Block 12 Kottaiyar Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 415 per sq.ft. This increased to Rs 466 per sq.ft in 2003, marking a 12% rise. The value then saw a further increase to Rs 600 per sq.ft in 2007, which was a 29% change. In 2012, the figure remained at Rs 750 per sq.ft, reflecting no change for this street during that revision. However, from 2012 to 2017, the value dropped by 33% to Rs 502 per sq.ft. The 2023 revision saw a significant increase to Rs 750 per sq.ft, which was a 49% rise from the previous figure. The most recent revision in 2024 has set the guideline value at Rs 825 per sq.ft, a 10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 99%. There are no figures in the register for any other years regarding this street.

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 12 Kottaiyar Street is above this median.

• Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar: Rs 825 per sq.ft (2024)
• Block 12 Chenniappa Lay-out: Rs 825 per sq.ft (2024)
• Block 12 Cauvery Road Main Road: Rs 2,750 per sq.ft (2024)
• Block 12 Om Kaliamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 13 Arunthathiyar Vaikal Street Road 1,2,3 Mosikeeranar Street .12.3..: Rs 825 per sq.ft (2024)
• Block 11 Senniappa Lay-out: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 12 Kottaiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be 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, making the total charges Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Block 12 Kottaiyar Street?

The Sub Registrar Office that covers Block 12 Kottaiyar 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 serves as a benchmark for calculating the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is used to determine the minimum value at which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Block 12 Kottaiyar Street?

The current guideline value of Block 12 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 multiple times, starting from Rs 415 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting a 99% increase overall.

What is the registration fee for property in Block 12 Kottaiyar Street?

The registration fee for property in Block 12 Kottaiyar Street is calculated at 2% of the guideline value. For a plot valued at Rs 8,25,000, this would amount to Rs 16,500.

Where can I find the Sub Registrar Office for Block 12 Kottaiyar Street?

The Sub Registrar Office for Block 12 Kottaiyar Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, the stamp duty on a property valued at Rs 8,25,000 would be Rs 57,750.