Guideline Value for Block 5 Kristhuvar Kovil Street (Maraimalaiadigal Street)

Block 5 Kristhuvar Kovil Street (Maraimalaiadigal Street) guideline value

The current guideline value for Block 5 Kristhuvar Kovil Street (Maraimalaiadigal Street) is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 5 Kristhuvar Kovil Street (Maraimalaiadigal Street) has changed

The guideline value for Block 5 Kristhuvar Kovil Street has undergone several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it saw a significant decrease to Rs 335 per sq.ft in 2017. The value then rose sharply to Rs 700 per sq.ft in 2023, and currently stands at Rs 771 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 109%, and from 2023 to 2024, it saw a rise of 10%. Overall, from 2007 to 2024, the guideline value has increased by 120%. This reflects the fluctuations and changes in the valuation of properties in this area over the years.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 5 Kristhuvar Kovil Street is below this median.

• Block 5 Kristhuvar Kovil Street (Poombuhar Street): Rs 771 per sq.ft (2024)
• Block 5 Nethaji Street: Rs 1,925 per sq.ft (2024)
• Block 5 New Street: Rs 825 per sq.ft (2024)
• Block 5 Oppanakara Street (Kundhavai Street): Rs 771 per sq.ft (2024)
• Block 5 Cutcheri Street: Rs 1,650 per sq.ft (2024)
• Block 5 Poondhurai Road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 5 Kristhuvar Kovil Street (Maraimalaiadigal Street)

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, bringing the total fees 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.

You can use our stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Block 5 Kristhuvar Kovil Street (Maraimalaiadigal Street)?

The Sub Registrar Office that covers Block 5 Kristhuvar Kovil 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 E

The guideline value plays a crucial role during the registration process of property transactions in Ward E. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the registration process. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Block 5 Kristhuvar Kovil Street?

The current guideline value for Block 5 Kristhuvar Kovil Street (Maraimalaiadigal 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 significantly over the years, starting from Rs 350 per sq.ft in 2007 to Rs 771 per sq.ft in 2024, reflecting a total increase of 120% from 2007 to 2024.

What are the stamp duty and registration fees for a property 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 registrations for properties in this street?

The Erode Joint I Sub Registrar Office is responsible for handling registrations for properties in Block 5 Kristhuvar Kovil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 5 Kristhuvar Kovil Street?

Block 5 Kristhuvar Kovil Street is classified as Residential Class III Type - I, indicating its suitability for residential development.