Guideline Value for Block 4 Chinna Mariamman Koil Street

Block 4 Chinna Mariamman Koil Street guideline value

The current guideline value for Block 4 Chinna Mariamman Koil Street is Rs 770 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 III Type - I.

How the guideline value of Block 4 Chinna Mariamman Koil Street has changed

The guideline value for Block 4 Chinna Mariamman Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 139 per sq.ft, which increased to Rs 156 per sq.ft in 2003. Following this, the value rose significantly to Rs 250 per sq.ft in 2007, then to Rs 500 per sq.ft in 2012. However, it saw a decrease to Rs 335 per sq.ft in 2017. The value then increased to Rs 700 per sq.ft in 2023, and finally, it stands at Rs 770 per sq.ft in the 2024 revision.

Notable changes between revisions include a 10% increase from 2023 to 2024, a 109% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 100% increase from 2007 to 2012, a 60% increase from 2003 to 2007, and a 12% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 454%. There are no figures available for any other revisions for this street.

Guideline values in Ward D

In Ward D, the guideline values for 200 streets under the Erode Joint I SRO range 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 4 Chinna Mariamman Koil Street is below this median.

• Block 4 Cauvery Road: Rs 1,925 per sq.ft (2024)
• Block 4 Ayyamperumal Lane: Rs 770 per sq.ft (2024)
• Block 4 Arasilango Street: Rs 770 per sq.ft (2024)
• Block 3 Vaiyapuri Lane: Rs 770 per sq.ft (2024)
• Block 4 Kumanan Street: Rs 770 per sq.ft (2024)
• Block 3 Vaikkal Marappalam Road: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Chinna Mariamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total cost for these fees Rs 69,300. 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 4 Chinna Mariamman Koil Street?

The Sub Registrar Office that covers Block 4 Chinna Mariamman Koil 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 is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are charged. This value serves as a benchmark for transactions, helping to standardize property valuations within the jurisdiction.

Frequently asked questions

What is the current guideline value for Block 4 Chinna Mariamman Koil Street?

The current guideline value for Block 4 Chinna Mariamman Koil Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 139 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, with various increases and one decrease over the years.

What is the stamp duty for property in this area?

The stamp duty for property in Block 4 Chinna Mariamman Koil Street is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Block 4 Chinna Mariamman Koil Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for this street?

Block 4 Chinna Mariamman Koil Street is classified as Residential Class III Type - I.