Guideline Value for Block 18 Mandapam Street

Block 18 Mandapam Street guideline value

The current guideline value of Block 18 Mandapam Street is Rs 1,375 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 the Residential Class I Type - III land classification.

How the guideline value of Block 18 Mandapam Street has changed

The guideline value for Block 18 Mandapam Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 691 per sq.ft. This increased to Rs 775 per sq.ft in 2003, marking a 12% rise. The value continued to grow, reaching Rs 1,000 per sq.ft in 2007, a 29% increase from the previous revision. In 2012, the value was Rs 1,250 per sq.ft, reflecting a 25% increase from 2007. However, it then decreased to Rs 837 per sq.ft in 2017, a decline of 33%. The guideline value rose significantly to Rs 1,250 per sq.ft in 2023, followed by a further increase to Rs 1,375 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 99%. There are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 798 per sq.ft, positioning Block 18 Mandapam Street above this median.

• Block 18 Mandi Street (Pon Street): Rs 6,600 per sq.ft (2024)
• Block 18 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 18 Mariamman Kovil Street: Rs 1,100 per sq.ft (2024)
• Block 18 Nethaji Street: Rs 4,400 per sq.ft (2024)
• Block 18 Agrahara Street: Rs 2,200 per sq.ft (2024)
• Block 17 Valaiyakara Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 18 Mandapam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value would be Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, bringing the total charges to Rs 1,23,750. It is important to note that the 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 18 Mandapam Street?

The Sub Registrar Office that covers Block 18 Mandapam 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 of property transactions in Ward D. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Block 18 Mandapam Street?

The current guideline value of Block 18 Mandapam Street is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 691 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 99% over this period.

What is the stamp duty for property in Block 18 Mandapam Street?

The stamp duty for property in Block 18 Mandapam Street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 96,250.

Where is the Sub Registrar Office for Block 18 Mandapam Street located?

The Sub Registrar Office for Block 18 Mandapam Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 18 Mandapam Street?

Block 18 Mandapam Street falls under the Residential Class I Type - III land classification as per the Erode Joint I SRO guidelines.