Guideline Value for Block 26 V.V.C.R. Murugesa Mudhaliar Nagar

Block 26 V.V.C.R. Murugesa Mudhaliar Nagar guideline value

The current guideline value of Block 26 V.V.C.R. Murugesa Mudhaliar Nagar is Rs 771 per sq.ft, effective from 1 July 2024. This area falls under Ward D village, and the land classification is Residential Class II Type - III. It is registered with the Erode Joint I SRO.

How the guideline value of Block 26 V.V.C.R. Murugesa Mudhaliar Nagar has changed

The guideline value for Block 26 V.V.C.R. Murugesa Mudhaliar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 700 per sq.ft in 2023, and then rose by 10% to Rs 771 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, the value increased by 74% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 29%. It is worth noting that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 798 per sq.ft, indicating that Block 26 V.V.C.R. Murugesa Mudhaliar Nagar's 2024 value is below this median.

• Block 26 Valaiyakara Street: Rs 771 per sq.ft (2024)
• Block 26 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2: Rs 771 per sq.ft (2024)
• Block 26 Radhakrishna Street: Rs 770 per sq.ft (2024)
• Block 27 Kuppipalam Road: Rs 771 per sq.ft (2024)
• Block 26 Kuppipalam Road: Rs 771 per sq.ft (2024)
• Block 27 Radhakrishna Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 26 V.V.C.R. Murugesa Mudhaliar Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,71,000. The stamp duty at 7% amounts to Rs 53,970, and the registration fee at 2% is Rs 15,420, bringing the total to Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 26 V.V.C.R. Murugesa Mudhaliar Nagar?

The Sub Registrar Office that covers Block 26 V.V.C.R. Murugesa Mudhaliar Nagar 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 D

The guideline value is a crucial factor during property registration in Ward D. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as per the latest revisions. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Block 26 V.V.C.R. Murugesa Mudhaliar Nagar?

The current guideline value of Block 26 V.V.C.R. Murugesa Mudhaliar Nagar 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 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 771 per sq.ft in 2024.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 69,390, which includes Rs 53,970 for stamp duty and Rs 15,420 for the registration fee.

Which office handles registrations for this property?

The Erode Joint I Sub Registrar Office handles registrations for Block 26 V.V.C.R. Murugesa Mudhaliar Nagar, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the median guideline value for streets in Ward D?

The median guideline value for the 200 streets in Ward D is Rs 798 per sq.ft, which means the guideline value of Block 26 V.V.C.R. Murugesa Mudhaliar Nagar is below this median.