Guideline Value for Block 12 Om Kaliamman Kovil Street

Block 12 Om Kaliamman Kovil Street guideline value

The current guideline value for Block 12 Om Kaliamman 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 it falls under Residential Class II Type - III land classification.

How the guideline value of Block 12 Om Kaliamman Kovil Street has changed

The guideline value for Block 12 Om Kaliamman Kovil Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 245 per sq.ft. It increased to Rs 275 per sq.ft in 2003, marking a 12% rise. The following revisions saw further increases, with the value reaching Rs 350 per sq.ft in 2007, which was a 27% increase from the previous year. However, there was a decrease in the 2012 revision, where the value dropped to Rs 600 per sq.ft, a decline of 33% from 2007.

In the subsequent revisions, the guideline value saw significant increases. From Rs 600 per sq.ft in 2012, it rose to Rs 402 per sq.ft in 2017, which was a 71% increase. The value then jumped to Rs 700 per sq.ft in 2023, reflecting a 74% rise. The most recent revision in 2024 set the value at Rs 771 per sq.ft, a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 215%.

Guideline values in Ward D

In Ward D, the guideline values for various streets 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 12 Om Kaliamman Kovil Street is below this median.

• Block 13 Arunthathiyar Vaikal Street Road 1,2,3 Mosikeeranar Street .12.3..: Rs 825 per sq.ft (2024)
• Block 12 Kottaiyar Street: Rs 825 per sq.ft (2024)
• Block 13 Cauvery Road Main Road: Rs 1,925 per sq.ft (2024)
• Block 13 Chella Batsha Street: Rs 825 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Block 12 Om Kaliamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to 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, bringing the total cost for stamp duty and registration fees to Rs 69,390. Duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 12 Om Kaliamman Kovil Street?

The Sub Registrar Office that covers Block 12 Om Kaliamman 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 an essential factor in the registration process when buying or selling property in Ward D. It helps determine the applicable stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial obligations involved in property transactions.

When a property is registered, the guideline value serves as a benchmark for calculating the fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price, ensuring that the registration reflects the true value of the transaction.

Frequently asked questions

What is the current guideline value for Block 12 Om Kaliamman Kovil Street?

The current guideline value for Block 12 Om Kaliamman Kovil Street 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 245 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 215% over the years.

What is the land classification for Block 12 Om Kaliamman Kovil Street?

Block 12 Om Kaliamman Kovil Street is classified under Residential Class II Type - III land classification.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles the registration for properties in Block 12 Om Kaliamman Kovil Street?

The Erode Joint I Sub Registrar Office handles the registration for properties in Block 12 Om Kaliamman Kovil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.