Guideline Value for Block 27 V.V.C.R. Murugesa Mudhaliar Nagar

Block 27 V.V.C.R. Murugesa Mudhaliar Nagar guideline value

The current guideline value for Block 27 V.V.C.R. Murugesa Mudhaliar Nagar is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Block 27 V.V.C.R. Murugesa Mudhaliar Nagar has changed

Over the years, the guideline value for Block 27 V.V.C.R. Murugesa Mudhaliar Nagar has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 74%, bringing the value to Rs 700 per sq.ft. The latest revision in 2024 has further increased the guideline value by 10%, resulting in the current rate of Rs 771 per sq.ft.

It is important to note that there are no figures available for this street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 29%.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median value in this area is Rs 798 per sq.ft, making the current value of Block 27 V.V.C.R. Murugesa Mudhaliar Nagar below the median.

• Block 27 Valaiyakara Street: Rs 771 per sq.ft (2024)
• Block 28 Agrahara Street: Rs 1,100 per sq.ft (2024)
• Block 27 Ramasamy Pillai Street 1,2 OR Agasthiyar Street 1,2: Rs 771 per sq.ft (2024)
• Block 28 Chokkalingam Road: Rs 1,100 per sq.ft (2024)
• Block 27 Radhakrishna Street: Rs 770 per sq.ft (2024)
• Block 28 Jayaram Lane: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 27 V.V.C.R. Murugesa Mudhaliar Nagar

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, resulting in a total cost of Rs 69,390. It is essential 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 27 V.V.C.R. Murugesa Mudhaliar Nagar?

The Sub Registrar Office that covers Block 27 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 critical factor when registering property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the total costs involved. This ensures that both parties are aware of the financial obligations associated with the sale, based on the established rates in the area.

Frequently asked questions

What is the current guideline value for Block 27 V.V.C.R. Murugesa Mudhaliar Nagar?

The current guideline value for Block 27 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 increased to Rs 700 per sq.ft in 2023, and finally to Rs 771 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Block 27 V.V.C.R. Murugesa Mudhaliar Nagar is Residential Class II Type - III.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 53,970.

Which office handles registrations for this property?

The Erode Joint I Sub Registrar Office handles registrations for Block 27 V.V.C.R. Murugesa Mudhaliar Nagar, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.