Guideline Value for Block 14 Moshi Keeranar Street

Block 14 Moshi Keeranar Street guideline value

The current guideline value for Block 14 Moshi Keeranar Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Block 14 Moshi Keeranar Street has changed

The guideline value for Block 14 Moshi Keeranar Street has undergone several revisions over the years. The earliest available figure is from 2002, which was Rs 777 per sq.ft. This value increased to Rs 872 per sq.ft in 2003, marking a change of +12%. In 2007, the value rose to Rs 1,000 per sq.ft, reflecting a +15% increase. The 2012 revision saw the value remain at Rs 1,250 per sq.ft, which indicates no figure recorded for this street during that year. The 2017 revision brought the value down to Rs 837 per sq.ft, a decrease of -33%. However, from 2017 to 2023, the value increased significantly to Rs 1,250 per sq.ft, a rise of +49%. The most recent revision in 2024 set the guideline value at Rs 1,375 per sq.ft, marking a +10% increase from the previous year.

Guideline values in Ward D

In Ward D, the guideline values range 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 14 Moshi Keeranar Street is above this median, indicating a higher valuation compared to many other streets in the area.

• Block 14 Marimuthur Street: Rs 1,100 per sq.ft (2024)
• Block 14 Madhava Krishna Street: Rs 1,650 per sq.ft (2024)
• Block 14 Venkitta Perumal Street: Rs 1,100 per sq.ft (2024)
• Block 14 Chella Batsha Street: Rs 825 per sq.ft (2024)
• Block 14 Cauvery Road Main Road: Rs 3,300 per sq.ft (2024)
• Block 15 Cauvery Road Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Block 14 Moshi Keeranar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,375 per sq.ft, the guideline value would be Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, bringing the total to Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 14 Moshi Keeranar Street?

The Sub Registrar Office that covers Block 14 Moshi Keeranar Street 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 D

The guideline value is a crucial factor in the registration process when buying or selling property in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value for Block 14 Moshi Keeranar Street?

The current guideline value for Block 14 Moshi Keeranar Street is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 777 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024. The most significant increase occurred between 2017 and 2023, with a rise of +49%.

What are the other guideline values in Ward D?

In Ward D, guideline values range from Rs 770 to Rs 7,700 per sq.ft. Block 14 Moshi Keeranar Street has a value that is above the median of Rs 798 per sq.ft.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 13,75,000 would incur a stamp duty of Rs 96,250 at a rate of 7%.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Block 14 Moshi Keeranar Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009. You can find more information about your SRO online.