Guideline Value for Block 36 Muthuranga Street

Block 36 Muthuranga Street guideline value

The current guideline value of Block 36 Muthuranga Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, and the land classification is Commercial Class I Type - II.

How the guideline value of Block 36 Muthuranga Street has changed

Since the 2002 revision, the guideline value for Block 36 Muthuranga Street has seen significant changes. In 2002, the value was Rs 1,440 per sq.ft, which increased to Rs 1,613 per sq.ft in 2003, marking a 12% rise. The value continued to increase, reaching Rs 2,000 per sq.ft in 2007, a 24% increase from the previous revision. In 2012, the value was Rs 3,000 per sq.ft, representing a 50% increase from 2007. However, it dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33% from the 2012 figure. The value then rose significantly to Rs 3,000 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, reflecting a 10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 129%. There are no revisions in the register for years other than those listed.

Guideline values in Ward C

In Ward C, there are 250 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 value is Rs 1,375 per sq.ft, placing Block 36 Muthuranga Street above that median.

• Block 36 Easwaran Kovil Street: Rs 4,400 per sq.ft (2024)
• Block 36 Nethaji Road Part 1: Rs 2,750 per sq.ft (2024)
• Block 36 East Anumantharayan St: Rs 2,750 per sq.ft (2024)
• Block 36 Thiruvenkata Street: Rs 3,300 per sq.ft (2024)
• Block 36 Brough Road Part 1: Rs 6,600 per sq.ft (2024)
• Block 37 Annaji Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Block 36 Muthuranga Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 36 Muthuranga Street?

The Sub Registrar Office that covers Block 36 Muthuranga Street 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 information.

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

The guideline value is an essential factor when buying or selling property in Ward C. It serves as the basis for calculating stamp duty and registration fees during the property registration process. Buyers should be aware that the duty is applied to the higher of the guideline value or the sale price.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, which is crucial for both parties involved. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Block 36 Muthuranga Street?

The current guideline value of Block 36 Muthuranga Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,440 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 129% over the years.

What is the land classification for Block 36 Muthuranga Street?

Block 36 Muthuranga Street is classified as Commercial Class I Type - II.

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

The Sub Registrar Office for Block 36 Muthuranga Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in Block 36 Muthuranga Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,97,000.