Guideline Value for Block 25 Mosikeeranar Street 1 2 3 4 5

Block 25 Mosikeeranar Street 1 2 3 4 5 guideline value

The current guideline value for Block 25 Mosikeeranar Street 1 2 3 4 5 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 is classified as Residential Class II Type - II.

How the guideline value of Block 25 Mosikeeranar Street 1 2 3 4 5 has changed

The guideline value for this street has seen several revisions over the years. In 2003, the value was Rs 327 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The 2012 revision saw the value rise to Rs 750 per sq.ft, but it then decreased to Rs 502 per sq.ft in 2017. Following this, the value increased significantly to Rs 750 per sq.ft in 2023 and has now reached Rs 825 per sq.ft in the 2024 revision. It is important to note that the register has no figure for this street in 2002.

From 2017 to 2023, there was a notable increase of 49%, while the 2023 to 2024 revision reflects a growth of 10%. The overall change from 2003 to 2024 represents an increase of 152% in the guideline value per sq.ft.

Guideline values in Ward D

Within 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 Mosikeeranar Street 1 2 3 4 5 is above this median.

• Block 25 Meera Moydhin Street: Rs 825 per sq.ft (2024)
• Block 25 Madhava Krishna Street: Rs 1,100 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 Venkata Perumal Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Mosikeeranar Street 1 2 3 4 5

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, resulting in a total of Rs 74,250. 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 more details.

Which Sub Registrar Office covers Block 25 Mosikeeranar Street 1 2 3 4 5?

The Sub Registrar Office that covers Block 25 Mosikeeranar Street 1 2 3 4 5 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 further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official value assigned to the property.

When a property is sold or purchased, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, which must be settled at the time of registration to complete the transaction legally.

Frequently asked questions

What is the current guideline value for Block 25 Mosikeeranar Street 1 2 3 4 5?

The current guideline value for Block 25 Mosikeeranar Street 1 2 3 4 5 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 327 per sq.ft in 2003 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 152% over this period.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7%, which is applied to the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Block 25 Mosikeeranar Street 1 2 3 4 5 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What are the registration fees associated with buying property here?

The registration fee for properties in this area is 2% of the guideline value or the sale price, whichever is higher.