Guideline Value for Block 19 Mandapam Street

Block 19 Mandapam Street guideline value

The current guideline value of Block 19 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 falls under the Residential Class I Type - III land classification.

How the guideline value of Block 19 Mandapam Street has changed

The guideline value for Block 19 Mandapam Street has seen several revisions over the years. The earliest figure available is from 2002, which was Rs 691 per sq.ft. This increased to Rs 775 per sq.ft in 2003, marking a 12% rise. The value continued to rise, reaching Rs 1,000 per sq.ft in 2007, a 29% increase. In 2012, it was revised to Rs 1,250 per sq.ft, reflecting a 25% increase. However, the value dropped to Rs 837 per sq.ft in 2017, a decrease of 33%. This was followed by a significant increase to Rs 1,250 per sq.ft in 2023, which was a 49% rise. The most recent revision in 2024 set the value at Rs 1,375 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 99%. There are no figures available for the years not mentioned in this register for Block 19 Mandapam 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, placing Block 19 Mandapam Street's 2024 figure above that median.

• Block 19 Neducheralathan Street: Rs 771 per sq.ft (2024)
• Block 19 Nethaji Street: Rs 4,400 per sq.ft (2024)
• Block 19 Cutcheri Street: Rs 1,375 per sq.ft (2024)
• Block 19 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 19 Court Street: Rs 1,375 per sq.ft (2024)
• Block 18 Valaiyakkara Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 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 amount to Rs 96,250, and the registration fee at 2% would be Rs 27,500, bringing the total to Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 19 Mandapam Street?

The Sub Registrar Office that covers Block 19 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 plays a crucial role during the registration of property transactions in Ward D. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Block 19 Mandapam Street?

The current guideline value of Block 19 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, marking an overall increase of 99% over the years.

What are the stamp duty and registration fees for property in Block 19 Mandapam Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 96,250 and the registration fee would be Rs 27,500, totaling Rs 1,23,750 based on the current guideline value.

Which office handles registrations for Block 19 Mandapam Street?

The Erode Joint I Sub Registrar Office handles registrations for Block 19 Mandapam Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties, affecting the calculation of stamp duty and registration fees during property transactions in Ward D.