Guideline Value for Block 6 North chinna Mariyamman Kovil street

Block 6 North chinna Mariyamman Kovil street guideline value

The current guideline value for Block 6 North chinna Mariyamman 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 is classified as Residential Class II Type - III.

How the guideline value of Block 6 North chinna Mariyamman Kovil street has changed

The guideline value for Block 6 North chinna Mariyamman Kovil street has undergone several revisions over the years. In 2003, the value was Rs 303 per sq.ft, which increased to Rs 350 per sq.ft in 2007. Following this, the value rose to Rs 600 per sq.ft in 2012, but then decreased significantly to Rs 402 per sq.ft in 2017. The value saw a substantial increase to Rs 700 per sq.ft in 2023, and it has now risen to Rs 771 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 154%. Notably, there is no figure available for the year 2002 in the register for this street.

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 North chinna Mariyamman Kovil street is below this median.

• Block 6 Kamatchiamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 6 Kamatchiamman Kovil Lane: Rs 771 per sq.ft (2024)
• Block 7 Cauvery Road: Rs 1,925 per sq.ft (2024)
• Block 6 Chinna Mariamman Koil Street: Rs 771 per sq.ft (2024)
• Block 7 Chinnamariamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 6 Cauvery Main Road: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 North chinna Mariyamman Kovil 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. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 6 North chinna Mariyamman Kovil street?

The Sub Registrar Office that covers Block 6 North chinna Mariyamman Kovil 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 details.

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

The guideline value is a crucial factor in property transactions within Ward D. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. The registration office uses this value to ensure that properties are not undervalued during the registration process.

Frequently asked questions

What is the current guideline value for Block 6 North chinna Mariyamman Kovil street?

The current guideline value for Block 6 North chinna Mariyamman Kovil street is Rs 771 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 303 per sq.ft to Rs 771 per sq.ft in 2024, marking an overall increase of 154% over this period.

What is the registration fee for property in Block 6 North chinna Mariyamman Kovil street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 7,71,000, the registration fee would be Rs 15,420.

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

The Sub Registrar Office for Block 6 North chinna Mariyamman Kovil street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the stamp duty calculated for property transactions?

Stamp duty is charged at 7% on the higher of the guideline value or the sale price. This ensures that the appropriate duty is collected based on the property's value during registration.