Guideline Value for Block 21 Thattara Mandapa Street

Block 21 Thattara Mandapa Street guideline value

The current guideline value of Block 21 Thattara Mandapa 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 21 Thattara Mandapa Street has changed

The guideline value for Block 21 Thattara Mandapa Street has seen several revisions over the years. Starting with the 2002 revision, the guideline value was Rs 518 per sq.ft. This increased to Rs 581 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 600 per sq.ft in 2007, which was a 3% increase. Following this, the 2012 revision set the value at Rs 1,000 per sq.ft, reflecting a significant 67% increase from the previous revision. However, the 2017 revision saw a decrease to Rs 670 per sq.ft, which was a decline of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, a 49% increase, before reaching the current value of Rs 1,100 per sq.ft in 2024, which is a 10% increase.

It is important to note that there are no figures available for the years not mentioned in the register for this street. The overall change from 2002 to 2024 indicates an increase of 112% in the guideline value.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging 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 21 Thattara Mandapa Street is above this median.

• Block 21 Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)
• Block 21 Vallaiyakara Street: Rs 1,100 per sq.ft (2024)
• Block 21 Vaniya Pillaiyar Street: Rs 825 per sq.ft (2024)
• Block 22 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 21 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 22 Kutcheri Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 21 Thattara Mandapa 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, while the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that 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 details.

Which Sub Registrar Office covers Block 21 Thattara Mandapa Street?

The Sub Registrar Office that covers Block 21 Thattara Mandapa Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the 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 serves as a reference point for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the transaction is registered at a value that reflects the current market conditions.

Frequently asked questions

What is the current guideline value of Block 21 Thattara Mandapa Street?

The current guideline value of Block 21 Thattara Mandapa 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 518 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 112% over the years.

What is the land classification for Block 21 Thattara Mandapa Street?

Block 21 Thattara Mandapa Street is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Block 21 Thattara Mandapa Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.