Guideline Value for Block 4 Muthusamy Sandu

Block 4 Muthusamy Sandu guideline value

The current guideline value for Block 4 Muthusamy Sandu is Rs 1,100 per sq.ft. 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 4 Muthusamy Sandu has changed

The guideline value for Block 4 Muthusamy Sandu has seen several revisions over the years. The earliest available figure is from the 2003 revision, which was Rs 501 per sq.ft. This increased to Rs 750 per sq.ft in 2007, then rose to Rs 1,000 per sq.ft in 2012. Following that, the value decreased to Rs 670 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent revision in 2024 has increased it to Rs 1,100 per sq.ft.

Between these revisions, there have been notable changes. From 2003 to 2007, the guideline value increased by 50%. However, it decreased by 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally increased by 10% from 2023 to 2024. Overall, the guideline value has increased by 120% from 2003 to 2024. The register has no figure for this street in 2002.

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, with a median value of Rs 1,100 per sq.ft. The guideline value for Block 4 Muthusamy Sandu matches this median.

• Block 4 Pavadai Street: Rs 1,100 per sq.ft (2024)
• Block 4 E.V.Nanjappa Road: Rs 3,300 per sq.ft (2024)
• Block 4 Brough Road: Rs 6,600 per sq.ft (2024)
• Block 5 Brough Road: Rs 6,600 per sq.ft (2024)
• Block 5 Kalaimagal School Road: Rs 2,200 per sq.ft (2024)
• Block 3 Ramasamy Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Muthusamy Sandu

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 at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that 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 4 Muthusamy Sandu?

The Sub Registrar Office that covers Block 4 Muthusamy Sandu 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 B

The guideline value is a crucial element during the registration of property transactions in Ward B. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for the transaction. It helps in assessing the value of the property for tax purposes, ensuring that the appropriate fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value for Block 4 Muthusamy Sandu?

The current guideline value for Block 4 Muthusamy Sandu is Rs 1,100 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 501 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, with several revisions in between, including a decrease in 2017.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 99,000, based on the current rates.

Which office handles registrations for Block 4 Muthusamy Sandu?

The Erode Joint I Sub Registrar Office handles registrations for Block 4 Muthusamy Sandu, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the applicable stamp duty and registration fees during property transactions. It acts as a benchmark for assessing the value of a property for tax purposes.