Guideline Value for Block 30 Muthukumarasamy Street

Block 30 Muthukumarasamy Street guideline value

The current guideline value of Block 30 Muthukumarasamy Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 30 Muthukumarasamy Street has changed

The guideline value for Block 30 Muthukumarasamy Street has undergone several revisions over the years. The earliest revision available is from 2012, where the guideline value was Rs 1,000 per sq.ft. This figure was then revised to Rs 670 per sq.ft in 2017, marking a decrease of 33%. In 2023, the value increased to Rs 1,000 per sq.ft, and the latest revision in 2024 set it at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median value in this area is Rs 1,100 per sq.ft, which is the same as the current value for Block 30 Muthukumarasamy Street.

• Block 30 Manal Medu: Rs 771 per sq.ft (2024)
• Block 30 Perumal kadu: Rs 771 per sq.ft (2024)
• Block 30 Chennimalai Road: Rs 825 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 Muthukumarasamy Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Block 30 Muthukumarasamy Street?

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

To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Ward B

The guideline value is a critical factor during property registration in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the transaction is recorded accurately and complies with local regulations.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This value is essential for legal documentation and taxation purposes, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value for Block 30 Muthukumarasamy Street?

The current guideline value for Block 30 Muthukumarasamy Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for this street?

The Erode Joint I Sub Registrar Office handles registrations for Block 30 Muthukumarasamy Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 30 Muthukumarasamy Street?

Block 30 Muthukumarasamy Street is classified as Residential Class II Type - I.