Guideline Value for Block 25 Keerakara Street (or) Marimuthu Street

Block 25 Keerakara Street (or) Marimuthu Street guideline value

The current guideline value for Block 25 Keerakara Street (or) Marimuthu Street is Rs 825 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 - II.

How the guideline value of Block 25 Keerakara Street (or) Marimuthu Street has changed

The guideline value for Block 25 Keerakara Street (or) Marimuthu Street has seen several revisions over the years. The earliest recorded value in 2002 was Rs 346 per sq.ft. This increased to Rs 389 per sq.ft in 2003, marking a 12% rise. The value then rose significantly to Rs 600 per sq.ft in 2007, which was a 54% increase. In 2012, the value was recorded at Rs 750 per sq.ft, reflecting a 25% increase from the previous revision. However, between 2012 and 2017, the value dropped to Rs 502 per sq.ft, indicating a decrease of 33%. The value then rose sharply to Rs 750 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 825 per sq.ft, which is a 10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 138%. There are no figures available for the years not mentioned in the revisions for this street.

Guideline values in Ward D

In Ward D, the guideline values for various streets range from Rs 770 to Rs 7,700 per sq.ft as of the 2024 revision, with a median value of Rs 798 per sq.ft. The guideline value for Block 25 Keerakara Street (or) Marimuthu Street is above this median.

• Block 25 Madhava Krishna Street: Rs 1,100 per sq.ft (2024)
• Block 25 Meera Moydhin Street: Rs 825 per sq.ft (2024)
• Block 25 Mosikeeranar Street 1 2 3 4 5: Rs 825 per sq.ft (2024)
• Block 25 Chella Batsha Street: Rs 1,375 per sq.ft (2024)
• Block 25 Balusamy Street: Rs 770 per sq.ft (2024)
• Block 25 Ayyanarappan Kovil Street 1,2: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Keerakara Street (or) Marimuthu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, making the total charges Rs 74,250. 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 accurate calculations.

Which Sub Registrar Office covers Block 25 Keerakara Street (or) Marimuthu Street?

The Sub Registrar Office that covers Block 25 Keerakara Street (or) Marimuthu 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 an essential factor in the registration process when buying or selling property in Ward D. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are required to complete the transaction legally. Buyers and sellers must be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 25 Keerakara Street (or) Marimuthu Street?

The current guideline value for Block 25 Keerakara Street (or) Marimuthu Street is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 346 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, marking an overall increase of 138% over the years.

What is the stamp duty for property in this area?

The stamp duty for property in Block 25 Keerakara Street (or) Marimuthu Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

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

How can I calculate the registration fees?

You can calculate the registration fees using the stamp duty and registration fee calculator available online.