Guideline Value for Block 8 North Okkiliar Street,Arulmozhi theru

Block 8 North Okkiliar Street,Arulmozhi theru guideline value

The current guideline value for Block 8 North Okkiliar Street, Arulmozhi theru is Rs 772 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 II Type - III.

How the guideline value of Block 8 North Okkiliar Street,Arulmozhi theru has changed

The guideline value for Block 8 North Okkiliar Street has seen several revisions over the years. In 2003, the guideline value was Rs 346 per sq.ft, which increased to Rs 350 per sq.ft in 2007. By 2012, the value rose to Rs 600 per sq.ft, but then dropped to Rs 402 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 700 per sq.ft in 2023, and it has now reached Rs 772 per sq.ft in the 2024 revision. The register has no figure for the year 2002 for this street.

From 2017 to 2023, there was a notable increase of 74%. The value then rose by 10% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 123%, reflecting the changes in the area over the years.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing Block 8 North Okkiliar Street's 2024 figure below that median.

• Block 8 Nethaji Street: Rs 1,925 per sq.ft (2024)
• Block 8 Nanjaiya Pillai Lane: Rs 771 per sq.ft (2024)
• Block 8 Nachinarkiniyar Street: Rs 771 per sq.ft (2024)
• Block 8 Mandapam Street: Rs 1,375 per sq.ft (2024)
• Block 8 South Okkiliyar Steet (Kopperundevi Street): Rs 771 per sq.ft (2024)
• Block 8 Jothi Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 8 North Okkiliar Street,Arulmozhi theru

For a 1,000 sq.ft plot at the current guideline value of Rs 772 per sq.ft, the total guideline value would be Rs 7,72,000. The stamp duty at 7% would amount to Rs 54,040, and the registration fee at 2% would be Rs 15,440, totaling Rs 69,480. It is important to 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 8 North Okkiliar Street,Arulmozhi theru?

The Sub Registrar Office that covers Block 8 North Okkiliar Street, Arulmozhi theru 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 information.

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

The guideline value is a crucial factor when buying or selling property in Ward E. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the land records.

When you approach the registration office, the guideline value will be checked against the sale price. The higher amount will be used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Block 8 North Okkiliar Street?

The current guideline value for Block 8 North Okkiliar Street, Arulmozhi theru is Rs 772 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 346 per sq.ft in 2003 to Rs 772 per sq.ft in 2024, with various revisions in between, including a significant increase of 74% from 2017 to 2023.

What is the classification of Block 8 North Okkiliar Street?

Block 8 North Okkiliar Street is classified as Residential Class II Type - III under the Erode Joint I SRO.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in this area is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Block 8 North Okkiliar Street, Arulmozhi theru is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.