Guideline Value for Block 25 Muniappan Kovil Street

Block 25 Muniappan Kovil Street guideline value

The current guideline value of Block 25 Muniappan Kovil Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Block 25 Muniappan Kovil Street has changed

Over the years, the guideline value for Block 25 Muniappan Kovil Street has seen several revisions. The register shows the following figures: in 2002, the value was Rs 480 per sq.ft, which increased to Rs 538 per sq.ft in 2003. By 2007, it further rose to Rs 750 per sq.ft, and in 2012, it was Rs 1,250 per sq.ft. The value then dropped to Rs 837 per sq.ft in 2017, before climbing to Rs 1,250 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 1,375 per sq.ft, reflecting a 10% increase from the previous year.

In terms of percentage changes, from 2002 to 2024, the overall increase is 186%. The value saw a significant rise of 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. The increase from 2007 to 2012 was 67%, and from 2003 to 2007, it was 39%. The increase from 2002 to 2003 was 12%. The register has no figure for the years not mentioned.

Guideline values in Ward C

Ward C village has a total of 250 streets under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median value is Rs 1,375 per sq.ft, which is equal to the current guideline value of Block 25 Muniappan Kovil Street.

• Block 25 North Easwaran Kovil Street: Rs 1,650 per sq.ft (2024)
• Block 25 Kasiannan Street: Rs 1,100 per sq.ft (2024)
• Block 25 Sathi (or) Veerapathira Road: Rs 2,750 per sq.ft (2024)
• Block 25 Sengundhar Street: Rs 1,375 per sq.ft (2024)
• Block 25 Kannaki Street: Rs 1,100 per sq.ft (2024)
• Block 25 West Easwaran Kovil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Muniappan Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value amounts to Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, together totaling Rs 1,23,750. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 25 Muniappan Kovil Street?

The Sub Registrar Office that covers Block 25 Muniappan Kovil 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 details.

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

The guideline value is an important factor during property registration in Ward C. It determines the minimum value at which a property transaction can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark. If the sale price exceeds the guideline value, the stamp duty and registration fees will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Block 25 Muniappan Kovil Street?

The current guideline value of Block 25 Muniappan Kovil Street is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 480 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 186% over the years.

What are the other guideline values in Ward C?

Other streets in Ward C have varying guideline values, with rates ranging from Rs 770 to Rs 7,700 per sq.ft. The median value in the area is Rs 1,375 per sq.ft.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 96,250.

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

The Sub Registrar Office for Block 25 Muniappan Kovil Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.