Guideline Value for Block 30 Manal Medu

Block 30 Manal Medu guideline value

The current guideline value of Block 30 Manal Medu is Rs 771 per sq.ft. This property is located in Ward B village under the Erode Joint I SRO and falls under the Residential Class II Type - III land classification.

How the guideline value of Block 30 Manal Medu has changed

The guideline value for Block 30 Manal Medu has undergone 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 saw a significant increase to Rs 700 per sq.ft in 2023, and the latest revision in 2024 has further increased it to Rs 771 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 74%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 29%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Block 30 Manal Medu's 2024 figure below this median.

• Block 30 Muthukumarasamy Street: Rs 1,100 per sq.ft (2024)
• Block 30 Chennimalai Road: Rs 825 per sq.ft (2024)
• Block 30 Perumal kadu: Rs 771 per sq.ft (2024)
• Block 31 Chennimalai Road: Rs 1,100 per sq.ft (2024)
• Block 31 Goodshed huts: Rs 771 per sq.ft (2024)
• Block 31 Manal Medu: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 30 Manal Medu

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, while the registration fee at 2% would be Rs 15,420. Together, these fees total Rs 69,390. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 30 Manal Medu?

The Sub Registrar Office that covers Block 30 Manal Medu 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 B

The guideline value is a critical factor in the registration process when buying or selling property in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Block 30 Manal Medu?

The current guideline value of Block 30 Manal Medu 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 Block 30 Manal Medu?

Block 30 Manal Medu is classified as Residential Class II Type - III under the Erode Joint I SRO.

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

For a property valued at 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.

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

The Sub Registrar Office for Block 30 Manal Medu is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.