Guideline Value for Block 8 Periya Mariamman Kovil Street

Block 8 Periya Mariamman Kovil Street guideline value

The current guideline value of Block 8 Periya Mariamman Kovil Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Ward D village, under the Erode Joint I SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Block 8 Periya Mariamman Kovil Street has changed

The guideline value for Block 8 Periya Mariamman Kovil Street has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 218 per sq.ft. This increased to Rs 244 per sq.ft in 2003, marking a 12% rise. The following revisions showed further increases, with the 2007 revision setting the value at Rs 350 per sq.ft, a 43% increase from the previous figure. In 2012, the value rose to Rs 500 per sq.ft, reflecting a 43% increase. However, the 2017 revision saw a decrease to Rs 335 per sq.ft, which was a 33% drop. The value then significantly increased to Rs 700 per sq.ft in 2023, marking a 109% rise. The latest revision in 2024 has set the value at Rs 770 per sq.ft, a 10% increase from the previous year.

There are no figures available for revisions in years not listed 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 8 Periya Mariamman Kovil Street is below this median.

• Block 8 Patchiappa Lane: Rs 770 per sq.ft (2024)
• Block 8 New Cauvery Road Lane: Rs 1,100 per sq.ft (2024)
• Block 8 Sekkilar Street: Rs 770 per sq.ft (2024)
• Block 8 Thottakkara Street: Rs 770 per sq.ft (2024)
• Block 8 Vanniya Kula Chatriyar Street OR Rangarajan Street OR Karikalan Street: Rs 770 per sq.ft (2024)
• Block 8 Karikalan Theru: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 8 Periya Mariamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. 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 Periya Mariamman Kovil Street?

The Sub Registrar Office that covers Block 8 Periya Mariamman 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward D. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during property transactions.

When a buyer or seller approaches the registration office, the guideline value is assessed to determine the applicable fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Block 8 Periya Mariamman Kovil Street?

The current guideline value of Block 8 Periya Mariamman Kovil Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 218 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 253% over the years.

What is the land classification for Block 8 Periya Mariamman Kovil Street?

Block 8 Periya Mariamman Kovil Street is classified as Residential Class III Type - I.

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

Other streets in Ward D with similar guideline values include Block 8 Patchiappa Lane, Block 8 Sekkilar Street, Block 8 Thottakkara Street, Block 8 Vanniya Kula Chatriyar Street, and Block 8 Karikalan Theru, all valued at Rs 770 per sq.ft in 2024.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 69,300.