Guideline Value for Block 9 Thottakara Street

Block 9 Thottakara Street guideline value

The current guideline value of Block 9 Thottakara Street is Rs 770 per sq.ft. This street is located in Ward D village under the Erode Joint I SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Block 9 Thottakara Street has changed

The guideline value for Block 9 Thottakara Street has undergone several revisions over the years. In 2002, the guideline value was Rs 208 per sq.ft, which increased to Rs 233 per sq.ft in 2003. This was a rise of 12%. Following this, the value saw a modest increase to Rs 250 per sq.ft in 2007, marking a 7% rise. The value then jumped by 100% to Rs 500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 335 per sq.ft. The next revision in 2023 saw a significant increase of 109%, bringing the value to Rs 700 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 770 per sq.ft, which is an increase of 10% from the previous year.

There are no figures available for revisions in years other than those specified. Overall, from 2002 to 2024, the guideline value has increased by 270%.

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 guideline value in this area is Rs 798 per sq.ft, making the 2024 figure for Block 9 Thottakara Street below that median.

• Block 9 Thoppaiya Street: Rs 770 per sq.ft (2024)
• Block 9 Sekkilar Street: Rs 770 per sq.ft (2024)
• Block 9 Periyamariamman Kovil Street: Rs 770 per sq.ft (2024)
• Block 9 Palani Sandhu: Rs 770 per sq.ft (2024)
• Block 9 Muthukaruppan Sandhu: Rs 770 per sq.ft (2024)
• Block 9 Kumanan Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 9 Thottakara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to 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, making the total cost for these fees Rs 69,300. It is important to note that the 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 9 Thottakara Street?

The Sub Registrar Office that covers Block 9 Thottakara 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 when registering property transactions in Ward D. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When buying or selling property, the guideline value helps to standardize the pricing and ensures transparency in the registration process. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Block 9 Thottakara Street?

The current guideline value of Block 9 Thottakara 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 208 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 270%.

What is the stamp duty for property in Block 9 Thottakara Street?

The stamp duty for property in Block 9 Thottakara Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Block 9 Thottakara Street?

The Sub Registrar Office for Block 9 Thottakara Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

Are there other streets with the same guideline value in Ward D?

Yes, there are several other streets in Ward D that have the same guideline value of Rs 770 per sq.ft in 2024, including Block 9 Thoppaiya Street, Block 9 Sekkilar Street, and others.