Guideline Value for Block 8 Mosuvana Street

Block 8 Mosuvana Street guideline value

The current guideline value of Block 8 Mosuvana Street is Rs 1,100 per sq.ft. This street is located in Ward B village under the Erode Joint I SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Block 8 Mosuvana Street has changed

The guideline value for Block 8 Mosuvana Street has undergone several revisions over the years. In 2002, the value was Rs 275 per sq.ft, which increased to Rs 309 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 400 per sq.ft in 2007, showing a 29% increase. Following this, there was a significant jump to Rs 1,000 per sq.ft in 2012, reflecting a 150% increase. However, the value decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The guideline value was Rs 1,000 per sq.ft in 2023, before reaching the current figure of Rs 1,100 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 300%. There are no figures available for revisions prior to 2002 or for any other years not listed in the register.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO carrying a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the 2024 figure for Block 8 Mosuvana Street.

• Block 8 Kalaimagal School Road: Rs 1,375 per sq.ft (2024)
• Block 8 Periyana Street: Rs 1,100 per sq.ft (2024)
• Block 8 Power House road: Rs 1,100 per sq.ft (2024)
• Block 8 Chenniappa Street: Rs 1,925 per sq.ft (2024)
• Block 7 Vamalai Street: Rs 771 per sq.ft (2024)
• Block 7 S.K.Chenniappa Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 8 Mosuvana Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the 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, making the total 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 details.

Which Sub Registrar Office covers Block 8 Mosuvana Street?

The Sub Registrar Office that covers Block 8 Mosuvana 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 further assistance.

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

The guideline value is a crucial factor during 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 this value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the guideline value, as it directly impacts the costs associated with registration. Buyers and sellers should ensure they are informed about the current rates to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Block 8 Mosuvana Street?

The current guideline value of Block 8 Mosuvana Street 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 seen several changes, starting from Rs 275 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification for Block 8 Mosuvana Street?

Block 8 Mosuvana Street is classified as Residential Class II Type - I.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for Block 8 Mosuvana Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would have a total cost of Rs 99,000 for these fees.