Guideline Value for Block 2 Muthusamy Gounder Street (Athiyaman Street)

Block 2 Muthusamy Gounder Street (Athiyaman Street) guideline value

The current guideline value of Block 2 Muthusamy Gounder Street (Athiyaman Street) is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Block 2 Muthusamy Gounder Street (Athiyaman Street) has changed

The guideline value for Block 2 Muthusamy Gounder Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 600 per sq.ft. This increased to Rs 750 per sq.ft in 2012, representing a 25% rise. However, by 2017, the value dropped to Rs 502 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 750 per sq.ft in 2023, a rise of 49%, and finally to Rs 825 per sq.ft in 2024, which is a 10% increase.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 38%.

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 is Rs 825 per sq.ft, which is equal to the 2024 figure for Block 2 Muthusamy Gounder Street.

• Block 2 Muthusamy Gounder Lane: Rs 825 per sq.ft (2024)
• Block 2 E.C.Muthusamy Gounder Lay-out: Rs 1,100 per sq.ft (2024)
• Block 2 Chidambaram colony: Rs 1,925 per sq.ft (2024)
• Block 2 S.K. Chenniappa Gounder Road: Rs 1,650 per sq.ft (2024)
• Block 29 Railway Colony: Rs 771 per sq.ft (2024)
• Block 30 Karur Road: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 2 Muthusamy Gounder Street (Athiyaman Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty, calculated at 7%, would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. 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 detailed calculations.

Which Sub Registrar Office covers Block 2 Muthusamy Gounder Street (Athiyaman Street)?

The Sub Registrar Office that covers Block 2 Muthusamy Gounder Street (Athiyaman 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 crucial 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 helps ensure that the transaction is recorded at a fair value, which is essential for both the buyer and seller. It is advisable to consult the latest guideline value to understand the financial implications of the property transaction.

Frequently asked questions

What is the current guideline value for Block 2 Muthusamy Gounder Street?

The current guideline value for Block 2 Muthusamy Gounder Street (Athiyaman Street) is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 38% over the years.

What is the land classification for Block 2 Muthusamy Gounder Street?

Block 2 Muthusamy Gounder Street falls under the Residential Class II Type - II land classification.

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

For a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750, and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which office handles registrations for properties in this area?

The Erode Joint I Sub Registrar Office handles registrations for properties in Block 2 Muthusamy Gounder Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.