Guideline Value for Block 25 Manickam Theatre Road

Block 25 Manickam Theatre Road guideline value

The current guideline value of Block 25 Manickam Theatre Road is Rs 1,925 per sq.ft, effective from 1 July 2024. This property is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Block 25 Manickam Theatre Road has changed

The guideline value for Block 25 Manickam Theatre Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 933 per sq.ft. This increased to Rs 1,055 per sq.ft in 2003, marking a 13% rise. The value continued to rise to Rs 1,500 per sq.ft in 2007, which was a 42% increase from the previous revision. In 2012, the value remained at Rs 1,750 per sq.ft, with no figure for this street recorded in that year. The 2017 revision saw a significant increase to Rs 1,172 per sq.ft, reflecting a 33% decrease from the 2012 figure. The value then rose to Rs 1,750 per sq.ft in 2023, and finally to Rs 1,925 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 106%. The revisions show a varied pattern, with the most notable increase occurring between 2017 and 2023, where the value rose by 49%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO, with guideline values for 2024 ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing Block 25 Manickam Theatre Road's current value above the median.

• Block 25 Madhavakrishna Street: Rs 1,100 per sq.ft (2024)
• Block 25 Mosikeeranar Street: Rs 771 per sq.ft (2024)
• Block 25 Municipal Lane Huts: Rs 771 per sq.ft (2024)
• Block 25 Old Railway Station Road: Rs 771 per sq.ft (2024)
• Block 25 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 25 Pattakarar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Manickam Theatre Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total guideline value would be Rs 19,25,000. The stamp duty at 7% would amount to Rs 1,34,750, and the registration fee at 2% would be Rs 38,500, bringing the total cost for these fees to Rs 1,73,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 25 Manickam Theatre Road?

The Sub Registrar Office that covers Block 25 Manickam Theatre Road 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 details.

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

The guideline value is a crucial factor when registering property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling a property, the guideline value ensures that the government receives the appropriate revenue from property transactions. Therefore, it is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Block 25 Manickam Theatre Road?

The current guideline value of Block 25 Manickam Theatre Road is Rs 1,925 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 933 per sq.ft in 2002 to Rs 1,925 per sq.ft in 2024, showing an overall increase of 106% over this period.

What is the land classification for Block 25 Manickam Theatre Road?

Block 25 Manickam Theatre Road is classified as Residential Class I Type - I.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,73,250.

Which office handles the registration for this area?

The Erode Joint I Sub Registrar Office is responsible for handling registrations for Block 25 Manickam Theatre Road.