Guideline Value for Block 5 Chinna Mariamman Koil Street

Block 5 Chinna Mariamman Koil Street guideline value

The current guideline value for Block 5 Chinna Mariamman Koil Street is Rs 771 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 - III.

How the guideline value of Block 5 Chinna Mariamman Koil Street has changed

The guideline value for Block 5 Chinna Mariamman Koil Street has undergone several revisions over the years. In 2002, the value was Rs 199 per sq.ft, which increased to Rs 223 per sq.ft in 2003. Following that, the value rose to Rs 250 per sq.ft in 2007, and then significantly increased to Rs 600 per sq.ft in 2012. However, it saw a decrease to Rs 402 per sq.ft in 2017. The guideline value then increased to Rs 700 per sq.ft in 2023, and finally reached Rs 771 per sq.ft in the 2024 revision, reflecting a change of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +287%. Notably, there are no figures available for the years not mentioned in the register for this street.

Guideline values in Ward D

In Ward D, there are 200 streets 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 5 Chinna Mariamman Koil Street is below this median.

• Block 5 East Chinna Mariamman Koil Street: Rs 771 per sq.ft (2024)
• Block 5 Arumugam Street: Rs 771 per sq.ft (2024)
• Block 5 Arasilango Street: Rs 770 per sq.ft (2024)
• Block 5 Kamatchiamman Kovil Theru: Rs 825 per sq.ft (2024)
• Block 4 Vaiyapuri Sandhu: Rs 770 per sq.ft (2024)
• Block 4 Vaikkal Marappalam Road: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 5 Chinna Mariamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to 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, totaling Rs 69,390. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 5 Chinna Mariamman Koil Street?

The Sub Registrar Office that covers Block 5 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 is a crucial factor when registering a property in Ward D. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price instead. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 5 Chinna Mariamman Koil Street?

The current guideline value for Block 5 Chinna Mariamman Koil Street 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 199 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +287% over the years.

What is the land classification for Block 5 Chinna Mariamman Koil Street?

Block 5 Chinna Mariamman Koil Street is classified as Residential Class II Type - III.

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.

Which office handles the registration for Block 5 Chinna Mariamman Koil Street?

The Erode Joint I Sub Registrar Office handles the registration for Block 5 Chinna Mariamman Koil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.