Guideline Value for Block 6 Kamatchiamman Kovil Street

Block 6 Kamatchiamman Kovil Street guideline value

The current guideline value for Block 6 Kamatchiamman Kovil 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 it falls under the Residential Class II Type - III land classification.

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

The guideline value for Block 6 Kamatchiamman Kovil Street has undergone several revisions over the years. In 2002, the value was Rs 217 per sq.ft, which increased to Rs 298 per sq.ft in 2003, marking a 37% rise. The value then saw a further increase to Rs 350 per sq.ft in 2007, a change of 17%. In 2012, the value was revised to Rs 600 per sq.ft, reflecting a 71% increase. However, the subsequent revision in 2017 saw a decrease to Rs 402 per sq.ft, which was a decline of 33%. The value then rose significantly to Rs 700 per sq.ft in 2023, a 74% increase, and finally reached Rs 771 per sq.ft in the 2024 revision, a 10% increase.

There are no figures available for revisions in years not mentioned in the register. Overall, from 2002 to 2024, the guideline value has increased by 255%.

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 6 Kamatchiamman Kovil Street is below this median.

• Block 6 Kamatchiamman Kovil Lane: 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 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. 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 Street?

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

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 calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be sold. This ensures transparency in transactions and helps prevent undervaluation of properties.

Frequently asked questions

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

The current guideline value for Block 6 Kamatchiamman Kovil 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 seen several changes, starting from Rs 217 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of 255%.

What is the stamp duty for property in Block 6 Kamatchiamman Kovil Street?

The stamp duty for property in Block 6 Kamatchiamman Kovil Street is 7% of the guideline value, which amounts to Rs 53,970 for a 1,000 sq.ft plot at the current rate.

Where is the Sub Registrar Office for this street located?

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

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

Other streets in Ward D with similar guideline values include Block 6 Kamatchiamman Kovil Lane, Block 6 Chinna Mariamman Koil Street, and Block 6 North chinna Mariyamman Kovil street, all at Rs 771 per sq.ft in 2024.