Guideline Value for Block 19 Kadhar Moideen street

Block 19 Kadhar Moideen street guideline value

The current guideline value of Block 19 Kadhar Moideen 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 is classified as Residential Class III Type - I.

How the guideline value of Block 19 Kadhar Moideen street has changed

The guideline value for Block 19 Kadhar Moideen street has seen several revisions over the years. In 2003, the value was Rs 250 per sq.ft, which increased to Rs 350 per sq.ft in 2007. Following this, it rose to Rs 500 per sq.ft in 2012, but then it decreased to Rs 335 per sq.ft in 2017. The value jumped significantly to Rs 700 per sq.ft in 2023, and as of the 2024 revision, it is now Rs 771 per sq.ft. Notably, there is no figure for this street in the 2002 revision.

From 2017 to 2023, the guideline value increased by 109%, while the jump from 2023 to 2024 was 10%. The overall change from 2003 to 2024 reflects a substantial increase of 208% in the guideline value.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this ward is Rs 825 per sq.ft, indicating that Block 19 Kadhar Moideen street's 2024 figure is below that median.

• Block 19 Kadhar Moideen Lane: Rs 771 per sq.ft (2024)
• Block 19 Jeevandham Road Main Road: Rs 1,100 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 Shek Dhavudh Street: Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the 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, totaling Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 19 Kadhar Moideen street?

The Sub Registrar Office that covers Block 19 Kadhar Moideen 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 a critical factor in the registration process when buying or selling property in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

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

What is the registration office for this street?

The registration office for Block 19 Kadhar Moideen 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 and registration fees for a property here?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 69,390.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is based on the higher of the guideline value or the sale price.