Guideline Value for Block 3 Vaikkal Marappalam Road

Block 3 Vaikkal Marappalam Road guideline value

The current guideline value for Block 3 Vaikkal Marappalam Road is Rs 771 per sq.ft. This property is located in Ward D village under the Erode Joint I SRO, classified as Residential Class II Type - III.

How the guideline value of Block 3 Vaikkal Marappalam Road has changed

The guideline value for Block 3 Vaikkal Marappalam Road has seen several revisions over the years. Starting from 2002, the guideline value was Rs 230 per sq.ft. It increased to Rs 258 per sq.ft in 2003, marking a 12% rise. By 2007, the value had further increased to Rs 350 per sq.ft, reflecting a 36% change. In 2012, the value rose to Rs 600 per sq.ft, a significant 71% increase. However, from 2017, the value dropped to Rs 402 per sq.ft, a decrease of 33%. The revision in 2023 saw the value increase to Rs 700 per sq.ft, followed by a further increase to Rs 771 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 235%. The revisions for the years 2012, 2017, and 2023 have specific figures, while there are no figures available for the years not mentioned in the register.

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 3 Vaikkal Marappalam Road is below this median.

• Block 3 Vaiyapuri Lane: Rs 770 per sq.ft (2024)
• Block 4 Arasilango Street: Rs 770 per sq.ft (2024)
• Block 4 Ayyamperumal Lane: Rs 770 per sq.ft (2024)
• Block 4 Cauvery Road: Rs 1,925 per sq.ft (2024)
• Block 4 Chinna Mariamman Koil Street: Rs 770 per sq.ft (2024)
• Block 3 Muthukaruppan Lane: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 3 Vaikkal Marappalam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, making the total cost for these fees Rs 69,390. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Block 3 Vaikkal Marappalam Road?

The Sub Registrar Office that covers Block 3 Vaikkal Marappalam Road 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 is a crucial factor when registering property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When buying or selling property, the guideline value will be considered during the registration process. This means that the fees incurred will be based on the higher of the guideline value or the actual sale price, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Block 3 Vaikkal Marappalam Road?

The current guideline value for Block 3 Vaikkal Marappalam Road is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, showing an overall increase of 235% over the years.

What is the stamp duty rate for properties in Block 3 Vaikkal Marappalam Road?

The stamp duty rate for properties in Block 3 Vaikkal Marappalam Road is 7% of the guideline value or the sale price, whichever is higher.

What are the registration fees for this property?

The registration fee for properties in Block 3 Vaikkal Marappalam Road is 2% of the guideline value or the sale price, whichever is higher.

Which office handles the registration of properties in this area?

The Erode Joint I Sub Registrar Office handles the registration of properties in Block 3 Vaikkal Marappalam Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.