Guideline Value for Block 25 Municipal Lane Huts

Block 25 Municipal Lane Huts guideline value

The current guideline value of Block 25 Municipal Lane Huts is Rs 771 per sq.ft. This property is located in Ward E village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 25 Municipal Lane Huts has changed

The guideline value for Block 25 Municipal Lane Huts has seen several revisions over the years. In the 2002 revision, the rate was Rs 275 per sq.ft, which increased to Rs 311 per sq.ft in 2003, marking a 13% rise. The value remained at Rs 400 per sq.ft from 2007 until 2012, after which it dropped to Rs 335 per sq.ft in the 2017 revision, a decrease of 16%.

From 2017 to 2023, the guideline value surged by 109% to reach Rs 700 per sq.ft. The most recent revision in 2024 set the rate at Rs 771 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has risen by 180%.

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 of Block 25 Municipal Lane Huts is below this median.

• Block 25 Old Railway Station Road: Rs 771 per sq.ft (2024)
• Block 25 Mosikeeranar Street: Rs 771 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 Manickam Theatre Road: Rs 1,925 per sq.ft (2024)
• Block 25 Madhavakrishna Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 25 Municipal Lane Huts

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, and the registration fee at 2% would be Rs 15,420, bringing the total to Rs 69,390. 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 Municipal Lane Huts?

The Sub Registrar Office that covers Block 25 Municipal Lane Huts 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 in property transactions in Ward E. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when registering a property. Buyers must be aware of the guideline value to ensure compliance with local regulations.

When selling property, the guideline value also plays a significant role. It helps determine the minimum value at which a property can be sold, ensuring that all transactions are conducted transparently and fairly. Understanding the guideline value is essential for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Block 25 Municipal Lane Huts?

The current guideline value of Block 25 Municipal Lane Huts 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 from Rs 275 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 180% over this period.

What are the stamp duty and registration fees for property in Block 25 Municipal Lane Huts?

For a 1,000 sq.ft plot, the total guideline value is 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.

Which Sub Registrar Office covers Block 25 Municipal Lane Huts?

The Erode Joint I Sub Registrar Office covers Block 25 Municipal Lane Huts, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 25 Municipal Lane Huts?

Block 25 Municipal Lane Huts is classified as Residential Class III Type - I, indicating its suitability for residential development.