Guideline Value for Block 17 Srinivasa Mudhaliar Street

Block 17 Srinivasa Mudhaliar Street guideline value

The current guideline value of Block 17 Srinivasa Mudhaliar Street is Rs 771 per sq.ft. This street is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 17 Srinivasa Mudhaliar Street has changed

Over the years, the guideline value for Block 17 Srinivasa Mudhaliar Street has seen significant changes. The earliest recorded figure is from 2002, when the guideline value was Rs 288 per sq.ft. This increased to Rs 326 per sq.ft in 2003, marking a rise of 13%. The value further increased to Rs 350 per sq.ft in 2007, which is a 7% increase. In 2012, the value reached Rs 500 per sq.ft, reflecting a 43% rise. However, there was a notable decrease to Rs 335 per sq.ft in 2017, which was a decline of 33%. The value then surged to Rs 700 per sq.ft in 2023, showing a significant increase of 109%. The most recent revision in 2024 set the guideline value at Rs 771 per sq.ft, representing a 10% increase from the previous year.

The register has no figure for this street for the years not mentioned above. Overall, from 2002 to 2024, the guideline value has increased by 168%.

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. The median guideline value for these streets is Rs 825 per sq.ft, placing Block 17 Srinivasa Mudhaliar Street's 2024 figure below that median.

• Block 17 Sambasiva Pillai Street: Rs 771 per sq.ft (2024)
• Block 17 Venkitaraman Street: Rs 771 per sq.ft (2024)
• Block 17 Rajaji Street: Rs 825 per sq.ft (2024)
• Block 17 Railway Station Street: Rs 825 per sq.ft (2024)
• Block 17 Municipal Street: Rs 771 per sq.ft (2024)
• Block 17 Kadhar Moydhin Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 17 Srinivasa Mudhaliar Street

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, while the registration fee at 2% would be Rs 15,420. Together, these fees would total Rs 69,390. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 17 Srinivasa Mudhaliar Street?

The Sub Registrar Office covering Block 17 Srinivasa Mudhaliar 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 details.

How the guideline value is used when you buy or sell in Ward E

The guideline value is a critical factor during the registration of property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly in the official register. This helps in maintaining transparency in property dealings and is essential for legal compliance.

Frequently asked questions

What is the current guideline value for Block 17 Srinivasa Mudhaliar Street?

The current guideline value for Block 17 Srinivasa Mudhaliar Street is Rs 771 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 288 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 168% over this period.

What is the registration office for this street?

The registration office for Block 17 Srinivasa Mudhaliar Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in this area is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

How can I calculate the total fees for a property transaction?

You can calculate the total fees for a property transaction using the guideline value and applying the respective stamp duty and registration fees. For assistance, you can use the stamp duty and registration fee calculator.