Guideline Value for Block 26 Muniappan Kovil Street

Block 26 Muniappan Kovil Street guideline value

The current guideline value of Block 26 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 26 Muniappan Kovil Street has changed

The guideline value for Block 26 Muniappan Kovil Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 516 per sq.ft. This increased to Rs 578 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 750 per sq.ft in 2007, an increase of +30%. In 2012, the guideline value was Rs 1,250 per sq.ft, which represented a significant rise of +67%. However, this value decreased to Rs 837 per sq.ft in 2017, showing a decline of -33%. The next revision in 2023 set the value at Rs 1,250 per sq.ft, which then increased by +49% to reach the current value of Rs 1,375 per sq.ft in 2024.

There are no figures available for revisions in the years not mentioned in this register. The overall increase from 2002 to 2024 is +166%.

Guideline values in Ward C

In Ward C, there are 250 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 1,375 per sq.ft. The guideline value of Block 26 Muniappan Kovil Street is equal to this median value.

• Block 26 Kasiannan Street: Rs 1,100 per sq.ft (2024)
• Block 26 Akilmedu Street Part 2: Rs 1,650 per sq.ft (2024)
• Block 25 West Perumal Kovil Street: Rs 1,650 per sq.ft (2024)
• Block 27 Edaiyan Thottam Vasuki Street: Rs 1,925 per sq.ft (2024)
• Block 25 West Easwaran Kovil Street: Rs 1,650 per sq.ft (2024)
• Block 27 Kasiannan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 26 Muniappan Kovil Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be 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, bringing the total to Rs 1,23,750. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Block 26 Muniappan Kovil Street?

The Sub Registrar Office that covers Block 26 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 a crucial factor in the registration process when buying or selling property in Ward C. It serves as a benchmark for determining the amount of stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Block 26 Muniappan Kovil Street?

The current guideline value of Block 26 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 516 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of +166% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250 and the registration fee would be Rs 27,500, totaling Rs 1,23,750.

Which office handles property registrations for Block 26 Muniappan Kovil Street?

The Erode Joint I Sub Registrar Office is responsible for property registrations in Block 26 Muniappan Kovil Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the guideline value determined?

The guideline value is determined by the registration department and is based on various factors, including land classification and historical data. It is used as a reference for calculating stamp duty and registration fees during property transactions.