Guideline Value for Block 5 East Chinna Mariamman Koil Street

Block 5 East Chinna Mariamman Koil Street guideline value

The current guideline value for Block 5 East 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 falls under the Residential Class II Type - III land classification.

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

The guideline value for Block 5 East Chinna Mariamman Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 191 per sq.ft. This increased to Rs 214 per sq.ft in 2003, marking a 12% rise. The value then saw a significant increase to Rs 350 per sq.ft in 2007, which is a 64% change. By 2012, the value was Rs 600 per sq.ft, reflecting a 71% increase from the previous revision. However, in 2017, the value dropped to Rs 402 per sq.ft, which was a decrease of 33%. The guideline value then rose again to Rs 700 per sq.ft in 2023, and the current figure for 2024 is Rs 771 per sq.ft, showing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 304%. There are no figures available for revisions in years not listed, ensuring that all changes are accurately represented.

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 5 East Chinna Mariamman Koil Street is below this median.

• Block 5 Chinna Mariamman Koil Street: Rs 771 per sq.ft (2024)
• Block 5 Kamatchiamman Kovil Theru: Rs 825 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 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 East 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, bringing the total charges to Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office covering Block 5 East Chinna Mariamman Koil Street 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 that need to be paid during the transaction process. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is used to calculate the applicable fees. The registration process requires that the higher of the guideline value or the sale price is considered for duty calculations, ensuring that all transactions are fairly assessed.

Frequently asked questions

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

The current guideline value for Block 5 East Chinna Mariamman Koil Street is Rs 771 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 191 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 304% over this period.

What is the stamp duty for property in Block 5 East Chinna Mariamman Koil Street?

The stamp duty for property in Block 5 East Chinna Mariamman Koil Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for this area located?

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

What are the other streets in Ward D with similar guideline values?

Other streets in Ward D include Block 5 Kamatchiamman Kovil Theru at Rs 825 per sq.ft, Block 5 Arumugam Street at Rs 771 per sq.ft, and Block 5 Arasilango Street at Rs 770 per sq.ft, among others.