Guideline Value for Block 7 Mosuvana Kadu

Block 7 Mosuvana Kadu guideline value

The current guideline value of Block 7 Mosuvana Kadu is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in Ward B village under the Erode Joint I SRO and is classified as Residential Class II Type - II.

How the guideline value of Block 7 Mosuvana Kadu has changed

The guideline value for Block 7 Mosuvana Kadu has undergone several revisions over the years. The earliest recorded figure is from 2002, with a value of Rs 225 per sq.ft. This increased to Rs 253 per sq.ft in 2003, marking a change of +12%. The value then rose significantly to Rs 400 per sq.ft in 2007, which is an increase of +58%. Following that, the 2012 revision recorded a guideline value of Rs 750 per sq.ft, showing an increase of +88% from the previous figure.

In 2017, the guideline value was revised to Rs 502 per sq.ft, reflecting a decrease of -33%. The next revision in 2023 saw a notable increase to Rs 750 per sq.ft, which is a +49% change. Finally, the most recent revision in 2024 established the current guideline value at Rs 825 per sq.ft, representing a +10% increase from the 2023 figure. There are no other years with recorded figures for this street.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that have 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 7 Mosuvana Kadu is below this median.

• Block 7 Mosuvana Lane: Rs 825 per sq.ft (2024)
• Block 7 Mosuvana Street: Rs 825 per sq.ft (2024)
• Block 7 Muthusamy Lane: Rs 825 per sq.ft (2024)
• Block 7 Muthusamy Street (or) Athiyanan Street: Rs 825 per sq.ft (2024)
• Block 7 Chinnappa Street: Rs 1,100 per sq.ft (2024)
• Block 7 Perumal Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 7 Mosuvana Kadu

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,25,000. The stamp duty at 7% amounts to Rs 57,750, and the registration fee at 2% is Rs 16,500, totaling Rs 74,250. It is important to note that the 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 7 Mosuvana Kadu?

The Sub Registrar Office that covers Block 7 Mosuvana Kadu 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 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 during the transaction.

When a property is registered, the guideline value will be assessed to ensure that the appropriate fees are collected. This value helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Block 7 Mosuvana Kadu?

The current guideline value of Block 7 Mosuvana Kadu is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of +267% over this period.

What are the registration fees for property in Block 7 Mosuvana Kadu?

For a 1,000 sq.ft property, the registration fees include a stamp duty of Rs 57,750 and a registration fee of Rs 16,500, totaling Rs 74,250.

Which office handles the registration for Block 7 Mosuvana Kadu?

The Erode Joint I Sub Registrar Office handles the registration for Block 7 Mosuvana Kadu, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

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

The guideline value is determined based on various factors and is revised periodically. It serves as a reference for calculating stamp duty and registration fees during property transactions in Ward B.