Guideline Value for Block 4 Vaikkal Marappalam Road

Block 4 Vaikkal Marappalam Road guideline value

The current guideline value of Block 4 Vaikkal Marappalam Road is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward D village, under the Erode Joint I SRO, and is classified as Residential Class II Type - III.

How the guideline value of Block 4 Vaikkal Marappalam Road has changed

The guideline value for Block 4 Vaikkal Marappalam Road has seen several revisions over the years. In 2002, the value was Rs 223 per sq.ft, which increased to Rs 250 per sq.ft in 2003. The value continued to rise, reaching Rs 350 per sq.ft in 2007, followed by an increase to Rs 600 per sq.ft in 2012. However, it then decreased to Rs 402 per sq.ft in 2017. The value rose significantly to Rs 700 per sq.ft in 2023, and currently stands at Rs 771 per sq.ft in 2024. The register has no figures for the years not listed.

Between the revisions, there have been notable changes. From 2002 to 2003, the increase was +12%. The value rose by +40% from 2003 to 2007, followed by a +71% increase from 2007 to 2012. The value then decreased by -33% from 2012 to 2017. A significant increase of +74% occurred from 2017 to 2023, and the most recent revision shows an increase of +10% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +246%.

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 4 Vaikkal Marappalam Road is below this median.

• Block 4 Thoppai ya Lane: Rs 770 per sq.ft (2024)
• Block 4 Vaiyapuri Sandhu: Rs 770 per sq.ft (2024)
• Block 5 Arasilango Street: Rs 770 per sq.ft (2024)
• Block 4 Sekkizhar Street: Rs 770 per sq.ft (2024)
• Block 5 Arumugam Street: Rs 771 per sq.ft (2024)
• Block 4 Parasuraman Lane: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Vaikkal Marappalam Road

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the guideline value would be Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total to Rs 69,390. 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 further calculations.

Which Sub Registrar Office covers Block 4 Vaikkal Marappalam Road?

The Sub Registrar Office that covers Block 4 Vaikkal Marappalam 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Ward D. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the correct amounts are paid based on the property's value.

When buying or selling property, the guideline value helps determine the official valuation of the property, which is necessary for legal documentation. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Block 4 Vaikkal Marappalam Road?

The current guideline value of Block 4 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 223 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, showing an overall increase of +246% over this period.

What are the guideline values of other streets in Ward D?

Other streets in Ward D have guideline values ranging from Rs 770 to Rs 7,700 per sq.ft, with Block 4 Vaikkal Marappalam Road being below the median value of Rs 798 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970, and the registration fee would be Rs 15,420, totaling Rs 69,390.

Where is the Sub Registrar Office for Block 4 Vaikkal Marappalam Road located?

The Sub Registrar Office for Block 4 Vaikkal Marappalam Road is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.