Guideline Value for Block 15 Mosuvana Street

Block 15 Mosuvana Street guideline value

The current guideline value of Block 15 Mosuvana Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Block 15 Mosuvana Street has changed

The guideline value for Block 15 Mosuvana Street has seen several revisions over the years. In the 2002 revision, the value was Rs 344 per sq.ft. It increased to Rs 386 per sq.ft in 2003, followed by a slight rise to Rs 400 per sq.ft in 2007. The value then jumped significantly to Rs 1,000 per sq.ft in the 2012 revision, before decreasing to Rs 670 per sq.ft in 2017. The value rose again to Rs 1,000 per sq.ft in 2023 and is now Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 220%. The changes between revisions include a 4% increase from 2002 to 2003, a 10% increase from 2023 to 2024, a 150% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023. The register has no figure for the years not listed in this context.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Block 15 Mosuvana Street.

• Block 15 Mosuvana Kadu: 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 Street

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 cost for these fees Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block 15 Mosuvana Street?

The Sub Registrar Office that covers Block 15 Mosuvana 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 B

The guideline value plays a crucial role during the registration process of property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the fees based on the higher of the guideline value or the sale price. This ensures that the correct amount is paid in compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Block 15 Mosuvana Street?

The current guideline value of Block 15 Mosuvana Street 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 344 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 220% over this period.

What is the stamp duty for property in Block 15 Mosuvana Street?

The stamp duty for property in Block 15 Mosuvana Street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 77,000 based on the current guideline value.

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

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

What is the land classification for Block 15 Mosuvana Street?

Block 15 Mosuvana Street is classified as Residential Class II Type - I, which is relevant for determining the guideline value and related fees.