Guideline Value for Block 6 Kamatchiamman Kovil Lane

Block 6 Kamatchiamman Kovil Lane guideline value

The current guideline value for Block 6 Kamatchiamman Kovil Lane is Rs 771 per sq.ft, effective from 1 July 2024. This lane is located in Ward D village under the Erode Joint I SRO, classified as Residential Class II Type - III.

How the guideline value of Block 6 Kamatchiamman Kovil Lane has changed

The guideline value for Block 6 Kamatchiamman Kovil Lane has seen several revisions over the years. Starting from 2002, the guideline value was Rs 202 per sq.ft. It increased to Rs 227 per sq.ft in 2003, marking a 12% rise. In 2007, the value further increased to Rs 350 per sq.ft, which was a 54% increase from the previous figure. The value then rose to Rs 600 per sq.ft in 2012, reflecting a 71% increase. However, between 2012 and 2017, there was a decline of 33%, bringing the value down to Rs 402 per sq.ft. The value saw a significant rise of 74% to Rs 700 per sq.ft in 2023, and the most recent revision in 2024 shows an increase of 10% to Rs 771 per sq.ft.

There are no figures available for the revisions in years not mentioned above, as the register has no figure for this street in it.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 798 per sq.ft, making the current value for Block 6 Kamatchiamman Kovil Lane below that median.

• Block 6 Kamatchiamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 6 Chinna Mariamman Koil Street: Rs 771 per sq.ft (2024)
• Block 6 Cauvery Main Road: Rs 1,925 per sq.ft (2024)
• Block 6 North chinna Mariyamman Kovil street: Rs 771 per sq.ft (2024)
• Block 5 Veerappa Street: Rs 771 per sq.ft (2024)
• Block 5 Sengutuvan Lane: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 Kamatchiamman Kovil Lane

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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 6 Kamatchiamman Kovil Lane?

The Sub Registrar Office that covers Block 6 Kamatchiamman Kovil Lane 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 further assistance.

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

The guideline value is an essential metric used during property registration in Ward D. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the government.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions, as the guideline value is updated periodically based on various factors.

Frequently asked questions

What is the current guideline value for Block 6 Kamatchiamman Kovil Lane?

The current guideline value for Block 6 Kamatchiamman Kovil Lane 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 202 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 282% over this period.

What is the registration office for Block 6 Kamatchiamman Kovil Lane?

The registration office for Block 6 Kamatchiamman Kovil Lane is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 53,970.

What are the other streets with the same guideline value in Ward D?

Other streets in Ward D with the same guideline value of Rs 771 per sq.ft include Block 6 Kamatchiamman Kovil Street, Block 6 Chinna Mariamman Koil Street, Block 6 North chinna Mariyamman Kovil street, and Block 5 Veerappa Street.