Guideline Value for Block 17 Kadhar Moydhin Lane

Block 17 Kadhar Moydhin Lane guideline value

The current guideline value for Block 17 Kadhar Moydhin Lane is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 17 Kadhar Moydhin Lane has changed

The guideline value for Block 17 Kadhar Moydhin Lane has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 221 per sq.ft. This increased to Rs 250 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 350 per sq.ft in 2007, reflecting a +40% increase. In 2012, the value was adjusted to Rs 500 per sq.ft, which was a +43% increase from the previous figure. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, showing a decline of -33%. The 2017 revision brought the value up to Rs 335 per sq.ft, and from there, it surged to Rs 700 per sq.ft in 2023, a significant increase of +109%. The most recent revision in 2024 set the value at Rs 771 per sq.ft, representing a +10% increase from the previous year.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 17 Kadhar Moydhin Lane is below this median.

• Block 17 Jeevanandham Street Main Road: Rs 1,100 per sq.ft (2024)
• Block 17 Kadhar Moydhin Street: Rs 771 per sq.ft (2024)
• Block 17 E.V. Ramasamy Street: Rs 771 per sq.ft (2024)
• Block 17 Municipal Street: Rs 771 per sq.ft (2024)
• Block 17 Annamalai Pillai Street: Rs 771 per sq.ft (2024)
• Block 17 Railway Station Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 17 Kadhar Moydhin Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total cost for these fees to Rs 69,390. 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 17 Kadhar Moydhin Lane?

The Sub Registrar Office that covers Block 17 Kadhar Moydhin Lane 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 E

The guideline value is a crucial factor during the registration process of property transactions in Ward E. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a recognized value.

When you buy or sell property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the guideline value to understand their financial obligations during the registration of the property.

Frequently asked questions

What is the current guideline value for Block 17 Kadhar Moydhin Lane?

The current guideline value for Block 17 Kadhar Moydhin Lane is Rs 771 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 221 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, representing an overall increase of +249%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970 and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which office handles the registration for Block 17 Kadhar Moydhin Lane?

The Erode Joint I Sub Registrar Office handles the registration for Block 17 Kadhar Moydhin Lane, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 17 Kadhar Moydhin Lane?

The land classification for Block 17 Kadhar Moydhin Lane is Residential Class III Type - I.