Guideline Value for Block 7 Mosuvana Lane

Block 7 Mosuvana Lane guideline value

The current guideline value for Block 7 Mosuvana Lane is Rs 825 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 - II.

How the guideline value of Block 7 Mosuvana Lane has changed

The guideline value for Block 7 Mosuvana Lane has seen several revisions over the years. In 2002, the value was Rs 225 per sq.ft, which 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, an increase of +58%. Following this, it reached Rs 750 per sq.ft in 2012, which was a substantial jump of +88%. However, from 2012 to 2017, the value decreased to Rs 502 per sq.ft, reflecting a decline of -33%. The value then increased to Rs 750 per sq.ft in 2023, and most recently, it has risen to Rs 825 per sq.ft in 2024, representing a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +267%. There are no figures available for any revisions prior to 2002 or any years not listed in the register for this street.

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 7 Mosuvana Lane is below this median.

• Block 7 Mosuvana Kadu: 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 Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would amount to Rs 57,750, and the registration fee at 2% would be Rs 16,500, making a total of Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 7 Mosuvana Lane?

The Sub Registrar Office that covers Block 7 Mosuvana Lane is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for more details.

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, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall cost of the transaction. It ensures that the property is registered at a value that reflects the current market standards set by the government.

Frequently asked questions

What is the current guideline value for Block 7 Mosuvana Lane?

The current guideline value for Block 7 Mosuvana Lane 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 the years.

What is the stamp duty for property in Block 7 Mosuvana Lane?

The stamp duty for a property in Block 7 Mosuvana Lane is calculated at 7% of the guideline value, which would be Rs 57,750 for a 1,000 sq.ft plot at the current rate.

Where is the Sub Registrar Office for Block 7 Mosuvana Lane located?

The Sub Registrar Office for Block 7 Mosuvana Lane is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone.

What other streets in Ward B have the same guideline value?

Other streets in Ward B that share the same guideline value of Rs 825 per sq.ft include Block 7 Mosuvana Kadu, Block 7 Mosuvana Street, Block 7 Muthusamy Lane, and Block 7 Muthusamy Street (or) Athiyanan Street.