Guideline Value for Block 25 Mosikeeranar Street

Block 25 Mosikeeranar Street guideline value

The current guideline value for Block 25 Mosikeeranar 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 it falls under the Residential Class III Type - I land classification.

How the guideline value of Block 25 Mosikeeranar Street has changed

The guideline value for Block 25 Mosikeeranar Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 162 per sq.ft. It increased to Rs 184 per sq.ft in 2003, followed by a rise to Rs 200 per sq.ft in 2007. The value then saw a significant increase to Rs 500 per sq.ft in 2012, before dropping to Rs 335 per sq.ft in 2017. The 2023 revision set the value at Rs 700 per sq.ft, and the most recent 2024 revision has raised it to Rs 771 per sq.ft.

In terms of percentage changes, from 2002 to 2003, the value increased by 14%. The increase from 2003 to 2007 was 9%, followed by a significant rise of 150% from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value then surged by 109% from 2017 to 2023, and the latest revision from 2023 to 2024 shows an increase of 10%. Overall, from 2002 to 2024, the guideline value has increased by 376%.

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, with a median value of Rs 825 per sq.ft. The guideline value for Block 25 Mosikeeranar Street is below this median.

• Block 25 Manickam Theatre Road: Rs 1,925 per sq.ft (2024)
• Block 25 Municipal Lane Huts: Rs 771 per sq.ft (2024)
• Block 25 Madhavakrishna Street: Rs 1,100 per sq.ft (2024)
• Block 25 Pattakarar Street: Rs 1,100 per sq.ft (2024)
• Block 25 Poondhurai Road: Rs 1,650 per sq.ft (2024)
• Block 25 Old Railway Station Road: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Mosikeeranar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, while the registration fee at 2% would be Rs 15,420, bringing the total cost together to Rs 69,390. 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 Mosikeeranar Street?

The Sub Registrar Office that covers Block 25 Mosikeeranar 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 when registering property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When a property is bought or sold, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial implications of the transaction. This value is essential for compliance with local regulations and helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value for Block 25 Mosikeeranar Street?

The current guideline value for Block 25 Mosikeeranar 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 significantly from Rs 162 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 376% over the years.

What is the registration office for this street?

The registration office for Block 25 Mosikeeranar 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 properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 7,71,000. The stamp duty would be Rs 53,970, and the registration fee would be Rs 15,420, totaling Rs 69,390.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and location. It is updated periodically to reflect changes in the real estate market.