Guideline Value for Block 18 Mariamman Kovil Street

Block 18 Mariamman Kovil Street guideline value

The current guideline value of Block 18 Mariamman Kovil 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 it falls under the Residential Class II Type - I land classification.

How the guideline value of Block 18 Mariamman Kovil Street has changed

The guideline value for Block 18 Mariamman Kovil Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 553 per sq.ft. This increased to Rs 620 per sq.ft in 2003, followed by Rs 750 per sq.ft in 2007. The value then rose to Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, and was Rs 1,000 per sq.ft again in 2023. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the guideline value increased by 12% from 2002 to 2003, 21% from 2003 to 2007, and 33% from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value then saw a significant increase of 49% from 2017 to 2023 and finally a 10% increase from 2023 to 2024. Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 99%.

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, indicating that the guideline value for Block 18 Mariamman Kovil Street is above this median.

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

Stamp duty and registration fee for property in Block 18 Mariamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, making the total cost Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block 18 Mariamman Kovil Street?

The Sub Registrar Office that covers Block 18 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 further assistance.

How the guideline value is used when you buy or sell in Ward D

The guideline value is a critical 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 are applicable during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is consistent and transparent for all property transactions.

Frequently asked questions

What is the current guideline value of Block 18 Mariamman Kovil Street?

The current guideline value of Block 18 Mariamman Kovil 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 553 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 99% over the years.

What is the median guideline value for streets in Ward D?

The median guideline value for streets in Ward D is Rs 798 per sq.ft, with Block 18 Mariamman Kovil Street's value being above this median.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

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

The Sub Registrar Office covering Block 18 Mariamman Kovil Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.