Guideline Value for Block 8 Thottakkara Street

Block 8 Thottakkara Street guideline value

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

How the guideline value of Block 8 Thottakkara Street has changed

Since the 2002 revision, the guideline value for Block 8 Thottakkara Street has seen significant changes. In 2002, the value was Rs 191 per sq.ft, which increased to Rs 214 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 350 per sq.ft in 2007, a 64% increase, followed by a further increase to Rs 500 per sq.ft in 2012, which represented a 43% rise. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, showing a decline of 33%. The value then surged to Rs 700 per sq.ft in 2023, reflecting a 109% increase, and finally reached Rs 770 per sq.ft in 2024, a 10% rise.

There are no figures available for the revisions in years other than those listed. The overall change from 2002 to 2024 is an increase of 303% in the guideline value per sq.ft.

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. The median for these streets is Rs 798 per sq.ft, placing Block 8 Thottakkara Street's 2024 figure below that median.

• Block 8 Vanniya Kula Chatriyar Street OR Rangarajan Street OR Karikalan Street: Rs 770 per sq.ft (2024)
• Block 8 Sekkilar Street: Rs 770 per sq.ft (2024)
• Block 9 Arasilango Street: Rs 770 per sq.ft (2024)
• Block 8 Periya Mariamman Kovil Street: Rs 770 per sq.ft (2024)
• Block 8 Patchiappa Lane: Rs 770 per sq.ft (2024)
• Block 8 New Cauvery Road Lane: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 8 Thottakkara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,70,000, the stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 8 Thottakkara Street?

The Sub Registrar Office that covers Block 8 Thottakkara 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 details.

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

The guideline value is a critical factor during the registration of property transactions in Ward D. It is used to determine the stamp duty and registration fees that must be paid when transferring property ownership.

Frequently asked questions

What is the current guideline value for Block 8 Thottakkara Street?

The current guideline value for Block 8 Thottakkara Street is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 191 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, representing an overall increase of 303%.

What is the land classification for Block 8 Thottakkara Street?

The land classification for Block 8 Thottakkara Street is Residential Class III Type - I.

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

The Sub Registrar Office for Block 8 Thottakkara Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 7,70,000 would incur a stamp duty of Rs 53,900 at a rate of 7%.