Guideline Value for Block 8 South Okkiliyar Steet (Kopperundevi Street)

Block 8 South Okkiliyar Steet (Kopperundevi Street) guideline value

The current guideline value of Block 8 South Okkiliyar Steet (Kopperundevi Street) is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 8 South Okkiliyar Steet (Kopperundevi Street) has changed

The guideline value for Block 8 South Okkiliyar Steet has undergone several revisions over the years. The 2007 revision set the value at Rs 250 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, there was a decline to Rs 335 per sq.ft in 2017. Following this, the value surged to Rs 700 per sq.ft in 2023, and the most recent revision in 2024 set the current value at Rs 771 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Examining the changes, from 2007 to 2012, there was an increase of 100%, but a decrease of 33% occurred from 2012 to 2017. The value then rose significantly by 109% from 2017 to 2023, followed by a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 208%.

Guideline values in Ward E

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

• Block 8 North Okkiliar Street, Arulmozhi theru: Rs 772 per sq.ft (2024)
• 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 9 Court Street (Periyar Street) Part-2: Rs 1,100 per sq.ft (2024)
• Block 9 Cutcheri Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 8 South Okkiliyar Steet (Kopperundevi 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 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 South Okkiliyar Steet (Kopperundevi Street)?

The Sub Registrar Office that covers Block 8 South Okkiliyar Steet (Kopperundevi 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 E

The guideline value is an important factor during the registration of property transactions in Ward E. It serves as a basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value ensures that the transaction is documented at a standardized value, which can help in maintaining transparency in property dealings. Buyers and sellers should be aware of these values to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value for Block 8 South Okkiliyar Steet?

The current guideline value for Block 8 South Okkiliyar Steet (Kopperundevi 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 changed from Rs 250 per sq.ft in 2007 to Rs 771 per sq.ft in 2024, marking an overall increase of 208% over the years.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 69,390, based on the current guideline value of Rs 7,71,000.

Which office handles registrations for this street?

The Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, handles registrations for Block 8 South Okkiliyar Steet.

What is the land classification for Block 8 South Okkiliyar Steet?

Block 8 South Okkiliyar Steet is classified as Residential Class III Type - I according to the current land classification.