Guideline Value for Block 6 Chinna Mariamman Koil Street

Block 6 Chinna Mariamman Koil Street guideline value

The current guideline value of Block 6 Chinna Mariamman Koil Street is Rs 771 per sq.ft. This street is located in Ward D village under the Erode Joint I SRO, and it falls under the Residential Class II Type - III land classification.

How the guideline value of Block 6 Chinna Mariamman Koil Street has changed

The guideline value for Block 6 Chinna Mariamman Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 296 per sq.ft. This increased to Rs 332 per sq.ft in 2003, showing a rise of 12%. The value further increased to Rs 350 per sq.ft in 2007, marking a 5% change. By 2012, the figure had risen to Rs 600 per sq.ft, reflecting a 71% increase. However, the value then decreased to Rs 402 per sq.ft in 2017, a decline of 33%. The guideline value saw a significant increase to Rs 700 per sq.ft in 2023, which is a rise of 74%. The most recent revision in 2024 set the guideline value at Rs 771 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for revisions in years not listed. The overall change from 2002 to 2024 reflects an increase of 160% in the guideline value for this street.

Guideline values in Ward D

In Ward D, the guideline values 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 6 Chinna Mariamman Koil Street is below this median.

• Block 6 Cauvery Main Road: Rs 1,925 per sq.ft (2024)
• Block 5 Veerappa Street: Rs 771 per sq.ft (2024)
• Block 6 Kamatchiamman Kovil Lane: Rs 771 per sq.ft (2024)
• Block 6 Kamatchiamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 5 Sengutuvan Lane: Rs 770 per sq.ft (2024)
• Block 5 Ponnusamy Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 Chinna Mariamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the 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 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 6 Chinna Mariamman Koil Street?

The Sub Registrar Office that covers Block 6 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 in Ward D. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the transaction is recorded accurately in accordance with the prevailing rates set by the registration department.

When buyers and sellers engage in property transactions, the guideline value serves as a benchmark for assessing the value of the property. It is essential for both parties to be aware of the guideline value to ensure compliance with the legal requirements during registration.

Frequently asked questions

What is the current guideline value of Block 6 Chinna Mariamman Koil Street?

The current guideline value of Block 6 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 increased significantly over the years, from Rs 296 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of 160%.

What is the land classification for Block 6 Chinna Mariamman Koil Street?

Block 6 Chinna Mariamman Koil Street is classified under 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.

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

The Erode Joint I Sub Registrar Office covers Block 6 Chinna Mariamman Koil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.