Guideline Value for Block 19 Kadhar Moideen Lane

Block 19 Kadhar Moideen Lane guideline value

The current guideline value of Block 19 Kadhar Moideen Lane is Rs 771 per sq.ft, effective from 1 July 2024. This property 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 19 Kadhar Moideen Lane has changed

The guideline value for Block 19 Kadhar Moideen Lane has seen significant changes over the years. In 2003, the value was Rs 250 per sq.ft, which increased to Rs 350 per sq.ft in 2007, marking a 40% rise. By 2012, the value increased to Rs 500 per sq.ft, reflecting a 43% increase from the previous revision. However, in 2017, the value dropped to Rs 335 per sq.ft, a decrease of 33%. The value then surged to Rs 700 per sq.ft in 2023, representing a substantial increase of 109%. The most recent revision in 2024 set the value at Rs 771 per sq.ft, a 10% increase from 2023.

It is important to note that there is no figure available for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 208%.

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 value for these streets is Rs 825 per sq.ft, placing Block 19 Kadhar Moideen Lane's 2024 figure below that median.

• Block 19 Jeevandham Road Main Road: Rs 1,100 per sq.ft (2024)
• Block 19 Kadhar Moideen street: Rs 771 per sq.ft (2024)
• Block 19 East Pattakarar Street: Rs 1,100 per sq.ft (2024)
• Block 19 Poondhurai Road: Rs 825 per sq.ft (2024)
• Block 19 Railway Station Road: Rs 1,375 per sq.ft (2024)
• Block 19 Balasubba Rayalu Naidu Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 Kadhar Moideen Lane

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. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Block 19 Kadhar Moideen Lane?

The Sub Registrar Office that covers Block 19 Kadhar Moideen Lane 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 a crucial factor when registering property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the guideline value helps in establishing the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Block 19 Kadhar Moideen Lane?

The current guideline value of Block 19 Kadhar Moideen 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 from Rs 250 per sq.ft in 2003 to Rs 771 per sq.ft in 2024, representing an overall increase of 208% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is 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, totaling Rs 69,390.

Which Sub Registrar Office covers Block 19 Kadhar Moideen Lane?

The Erode Joint I Sub Registrar Office covers Block 19 Kadhar Moideen Lane, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 19 Kadhar Moideen Lane?

Block 19 Kadhar Moideen Lane is classified as Residential Class III Type - I.