Guideline Value

Corporate

Guideline Value for Block 24 Muthusamy Street

₹1100/sq.ft.

The guideline value for Block 24 Muthusamy Street in Ward C village (Erode Joint I SRO, Coimbatore zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward C

Village

Erode Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹582 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹519 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Annai Sathya Nagar, Iranian Street,rangapalayam,erode-638009
0424-2330032
[email protected]

DRO (District Registrar Office)

Dr Office Compound, Annasathya Nagar, Iraniyan Street, Rangampalayam, Erode - 638 009.
0424-2330031
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Block 24 Muthusamy Street

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Block 24 Muthusamy Street guideline value

The current guideline value for Block 24 Muthusamy Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 24 Muthusamy Street has changed

The guideline value for Block 24 Muthusamy Street has undergone several revisions over the years. In 2002, the value was Rs 519 per sq.ft, which increased to Rs 582 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 750 per sq.ft in 2007, a +29% increase. In 2012, it saw a further increase to Rs 1,000 per sq.ft, reflecting a +33% change. However, in 2017, the value decreased to Rs 670 per sq.ft, a drop of -33%. The value then increased significantly to Rs 1,000 per sq.ft in 2023, followed by a rise to the current figure of Rs 1,100 per sq.ft in 2024, which is a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +112%. There are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 24 Muthusamy Street's 2024 figure below that median.

Stamp duty and registration fee for property in Block 24 Muthusamy Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 further calculations.

Which Sub Registrar Office covers Block 24 Muthusamy Street?

The Sub Registrar Office that covers Block 24 Muthusamy 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 C

The guideline value plays a crucial role during property transactions in Ward C. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives the appropriate revenue based on the property's assessed value.

When selling property, the guideline value helps in establishing a baseline for negotiations. Buyers and sellers often refer to the guideline value to agree on a fair price, ensuring transparency and compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Block 24 Muthusamy Street?

The current guideline value for Block 24 Muthusamy Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 519 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, marking an overall increase of +112% over the years.

What are the other streets in Ward C with their guideline values?

Other streets in Ward C include Block 24 Nachiappa Street 1,2, Block 24 Nehru Street, Block 24 New Sandhai Road, Block 24 Sathyamangalam (or) Veerapathira Road, Block 25 Akilmedu Street, and Block 24 AkilMedu Street Part 1, with values ranging from Rs 2,750 to Rs 4,400 per sq.ft in 2024.

Where is the Sub Registrar Office for Block 24 Muthusamy Street located?

The Sub Registrar Office for Block 24 Muthusamy Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in Ward C?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.