Guideline Value for Block 25 Meera Moydhin Street

Block 25 Meera Moydhin Street guideline value

The current guideline value for Block 25 Meera Moydhin Street is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward D 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 25 Meera Moydhin Street has changed

The guideline value for Block 25 Meera Moydhin Street has seen several revisions over the years. The earliest recorded figure in the register is from 2002, with a guideline value of Rs 381 per sq.ft. This increased to Rs 428 per sq.ft in 2003, marking a change of +12%. The value continued to rise, reaching Rs 600 per sq.ft in 2007 (+40%), followed by a drop to Rs 750 per sq.ft in 2012 (-33%). The value then increased to Rs 502 per sq.ft in 2017 (+49%) and further to Rs 750 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 825 per sq.ft, reflecting a change of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +117%. There are no other revisions with figures for Block 25 Meera Moydhin Street in the register.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 25 Meera Moydhin Street is above this median.

• Block 25 Madhava Krishna Street: Rs 1,100 per sq.ft (2024)
• Block 25 Mosikeeranar Street 1 2 3 4 5: Rs 825 per sq.ft (2024)
• Block 25 Keerakara Street (or) Marimuthu Street: Rs 825 per sq.ft (2024)
• Block 25 Ramasamy Street OR Agasthiyar Street 1,2: Rs 771 per sq.ft (2024)
• Block 25 Chella Batsha Street: Rs 1,375 per sq.ft (2024)
• Block 25 Balusamy Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Meera Moydhin Street

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

Which Sub Registrar Office covers Block 25 Meera Moydhin Street?

The Sub Registrar Office that covers Block 25 Meera Moydhin Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees applicable when a property is bought or sold. The guideline value ensures that the government receives the appropriate revenue from property transactions.

When a buyer purchases a property, the guideline value is used to calculate the stamp duty and registration fees. This value is essential for both the buyer and seller to understand, as it impacts the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Block 25 Meera Moydhin Street?

The current guideline value for Block 25 Meera Moydhin 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 381 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of +117% over this period.

What is the stamp duty rate for properties in Block 25 Meera Moydhin Street?

The stamp duty rate for properties in Block 25 Meera Moydhin Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Block 25 Meera Moydhin Street located?

The Sub Registrar Office for Block 25 Meera Moydhin Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone.

What is the land classification for Block 25 Meera Moydhin Street?

Block 25 Meera Moydhin Street is classified under Residential Class II Type - II according to the land classification guidelines.