Guideline Value for Block 32 Muthukumarasamy Road

Block 32 Muthukumarasamy Road guideline value

The current guideline value of Block 32 Muthukumarasamy Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Ward B village under the Erode Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Block 32 Muthukumarasamy Road has changed

The guideline value for Block 32 Muthukumarasamy Road has undergone several revisions over the years. In 2002, the value was Rs 309 per sq.ft. This increased to Rs 347 per sq.ft in 2003, marking a rise of 12%. The value continued to rise, reaching Rs 500 per sq.ft in 2007, which was a significant increase of 44%. By 2012, the value was Rs 1,000 per sq.ft, reflecting a 100% increase from the previous revision. However, it decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 256%. The register has no figures for revisions in years other than those listed above.

Guideline values in Ward B

In Ward B, there are 170 streets that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with the median value being Rs 1,100 per sq.ft. The guideline value for Block 32 Muthukumarasamy Road aligns with this median.

• Block 32 Manal Medu: Rs 771 per sq.ft (2024)
• Block 32 Goodshed Opp.Huts: Rs 770 per sq.ft (2024)
• Block 32 E.V.Nanjappa Street: Rs 1,375 per sq.ft (2024)
• Block 32 Chennimalai Road: Rs 1,100 per sq.ft (2024)
• Block 31 Perumal Kadu: Rs 771 per sq.ft (2024)
• Block 31 Muthukumarasamy Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 32 Muthukumarasamy Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to 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 use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 32 Muthukumarasamy Road?

The Sub Registrar Office that covers Block 32 Muthukumarasamy Road 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 crucial factor when registering property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official assessment of the property, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Block 32 Muthukumarasamy Road?

The current guideline value of Block 32 Muthukumarasamy Road 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 309 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 256% over the years.

What is the stamp duty for property in Block 32 Muthukumarasamy Road?

The stamp duty for property in Block 32 Muthukumarasamy Road is 7% of the guideline value, which amounts to Rs 77,000 for a 1,000 sq.ft plot at the current rate.

Where is the Sub Registrar Office for Block 32 Muthukumarasamy Road located?

The Sub Registrar Office for Block 32 Muthukumarasamy Road is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the guideline value determined for properties in Ward B?

The guideline value for properties in Ward B is determined by the Erode Joint I SRO based on various factors, including land classification and historical revisions.