Guideline Value for Block 15 Mosuvana Kadu

Block 15 Mosuvana Kadu guideline value

The current guideline value for Block 15 Mosuvana Kadu is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Ward B village under the Erode Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Block 15 Mosuvana Kadu has changed

The guideline value for Block 15 Mosuvana Kadu has seen several revisions over the years. In 2002, the value was Rs 225 per sq.ft, which increased to Rs 253 per sq.ft in 2003, marking a 12% rise. The value further increased to Rs 400 per sq.ft in 2007, reflecting a 58% change. By 2012, the value reached Rs 1,000 per sq.ft, showing a significant 150% increase from the previous revision. However, it then decreased to Rs 670 per sq.ft in 2017, which was a 33% drop. The value rose again to Rs 1,000 per sq.ft in 2023, and now stands at Rs 1,100 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 389%. The register has no figure for this street for the years not mentioned in the revisions.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with the median value being Rs 1,100 per sq.ft. The guideline value for Block 15 Mosuvana Kadu is equal to this median.

• Block 15 Mosuvana Street: Rs 1,100 per sq.ft (2024)
• Block 15 Kanthappa Street (or) Kandasamy Street: Rs 825 per sq.ft (2024)
• Block 15 E.V.Nanjappa Street(or)Mettur Road: Rs 3,300 per sq.ft (2024)
• Block 15 S.K.Chenniappa Street: Rs 1,100 per sq.ft (2024)
• Block 16 E.V.Najappa Road: Rs 3,300 per sq.ft (2024)
• Block 16 Huts (Stanlypalam): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 15 Mosuvana Kadu

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total Rs 99,000. 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 15 Mosuvana Kadu?

The Sub Registrar Office that covers Block 15 Mosuvana Kadu 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 B

The guideline value is a crucial factor during the registration of property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When buying or selling property, the guideline value helps in calculating the applicable charges. It is essential for both parties to understand this value, as it influences the total cost involved in the transaction.

Frequently asked questions

What is the current guideline value for Block 15 Mosuvana Kadu?

The current guideline value for Block 15 Mosuvana Kadu is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 389% over the years.

What is the stamp duty rate for properties in Block 15 Mosuvana Kadu?

The stamp duty rate for properties in Block 15 Mosuvana Kadu is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Block 15 Mosuvana Kadu?

The Sub Registrar Office for Block 15 Mosuvana Kadu is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 15 Mosuvana Kadu?

Block 15 Mosuvana Kadu is classified as Residential Class II Type - I, which indicates its suitability for residential development.