Guideline Value for Block 14 Marimuthur Street

Block 14 Marimuthur Street guideline value

The current guideline value of Block 14 Marimuthur Street is Rs 1,100 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 - I.

How the guideline value of Block 14 Marimuthur Street has changed

The guideline value for Block 14 Marimuthur Street has seen several revisions over the years. In 2007, the value was Rs 750 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, a rise of 33%. However, between 2012 and 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then rose significantly to Rs 1,000 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 set the value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, the guideline value has increased by 47% from Rs 750 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024.

Guideline values in Ward D

In Ward D, the guideline values range from Rs 770 to Rs 7,700 per sq.ft as per the 2024 revision, with a median value of Rs 798 per sq.ft. The guideline value for Block 14 Marimuthur Street is above this median, indicating a relatively higher value in comparison to other streets in the area.

• Block 14 Madhava Krishna Street: Rs 1,650 per sq.ft (2024)
• Block 14 Moshi Keeranar Street: Rs 1,375 per sq.ft (2024)
• Block 14 Venkitta Perumal Street: Rs 1,100 per sq.ft (2024)
• Block 14 Chella Batsha Street: Rs 825 per sq.ft (2024)
• Block 14 Cauvery Road Main Road: Rs 3,300 per sq.ft (2024)
• Block 15 Cauvery Road Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Block 14 Marimuthur Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 14 Marimuthur Street?

The Sub Registrar Office that covers Block 14 Marimuthur 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 that must be paid to the government during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions, thereby helping to maintain transparency and fairness in property dealings in the area.

Frequently asked questions

What is the current guideline value for Block 14 Marimuthur Street?

The current guideline value for Block 14 Marimuthur Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 47% over the years.

What are the stamp duty and registration fees for buying property here?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles the registration for this street?

The registration for Block 14 Marimuthur Street is handled by the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 14 Marimuthur Street?

Block 14 Marimuthur Street is classified as Residential Class II Type - I according to the local land classification guidelines.