Guideline Value for Block 17 Kadhar Moydhin Street

Block 17 Kadhar Moydhin Street guideline value

The current guideline value of Block 17 Kadhar Moydhin Street 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, and the land classification is Residential Class III Type - I.

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

The guideline value for Block 17 Kadhar Moydhin Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of 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, an increase of +40%. In 2012, the value was revised to Rs 500 per sq.ft, which was a +43% change. However, the value saw a decline to Rs 335 per sq.ft in 2017, a decrease of -33%. The most recent revisions show a significant increase to Rs 700 per sq.ft in 2023, which is a +109% change, followed by the current value of Rs 771 per sq.ft in 2024, reflecting a +10% increase.

There are no figures available for years other than those mentioned for this street in the register. Overall, from 2002 to 2024, the guideline value has increased by +249%.

Guideline values in Ward E

In Ward E, there are 196 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 a median value of Rs 825 per sq.ft. The guideline value of Block 17 Kadhar Moydhin Street is below this median.

• Block 17 Kadhar Moydhin Lane: Rs 771 per sq.ft (2024)
• Block 17 Jeevanandham Street Main Road: Rs 1,100 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 Railway Station Street: Rs 825 per sq.ft (2024)
• Block 17 Rajaji Street: Rs 825 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total fees to Rs 69,390. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 17 Kadhar Moydhin Street?

The Sub Registrar Office that covers Block 17 Kadhar Moydhin 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 E

The guideline value is an important factor in the registration process when buying or selling property in Ward E. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Block 17 Kadhar Moydhin Street?

The current guideline value of Block 17 Kadhar Moydhin Street 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 from Rs 221 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +249% over the years.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 53,970, and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which office handles registrations for this area?

The registrations for Block 17 Kadhar Moydhin Street are handled by the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What other streets have similar guideline values in Ward E?

Other streets in Ward E with similar guideline values include Block 17 Kadhar Moydhin Lane and Block 17 E.V. Ramasamy Street, both at Rs 771 per sq.ft in 2024.