Guideline Value for Block 9 Moydhin Sagip Street

Block 9 Moydhin Sagip Street guideline value

The current guideline value of Block 9 Moydhin Sagip Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 9 Moydhin Sagip Street has changed

The guideline value for Block 9 Moydhin Sagip Street has seen several revisions over the years. In 2002, the guideline value was Rs 344 per sq.ft. This increased to Rs 389 per sq.ft in 2003, marking a 13% rise. The value then saw a modest increase of 3% to Rs 400 per sq.ft in 2007. The 2012 revision brought the value up to Rs 1,000 per sq.ft, reflecting a significant increase of 150%. However, this was followed by a decrease of 33%, bringing the value down to Rs 670 per sq.ft in 2017.

From 2017 to 2023, the value increased by 49% to reach Rs 1,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, a 10% increase from the previous year. There are no figures in the register for the years not mentioned in this summary.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Block 9 Moydhin Sagip Street above this median value.

• Block 9 East Okkiliyar Street: Rs 771 per sq.ft (2024)
• Block 9 Cutcheri Street: Rs 1,100 per sq.ft (2024)
• Block 9 Court Street (Periyar Street) Part-2: Rs 1,100 per sq.ft (2024)
• Block 9 Vengidusamy Ravudh Street: Rs 771 per sq.ft (2024)
• Block 8 South Okkiliyar Steet (Kopperundevi Street): Rs 771 per sq.ft (2024)
• Block 8 North Okkiliar Street, Arulmozhi theru: Rs 772 per sq.ft (2024)

Stamp duty and registration fee for property in Block 9 Moydhin Sagip 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, totaling Rs 99,000. 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 9 Moydhin Sagip Street?

The Sub Registrar Office that covers Block 9 Moydhin Sagip 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 E

The guideline value plays a crucial role in property transactions in Ward E. It is used as a basis for calculating stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to accurately assess the costs involved in property transactions.

When a property is sold, the guideline value is considered to determine the applicable duties. It is essential for both parties to understand this value to avoid any discrepancies during the registration of the sale.

Frequently asked questions

What is the current guideline value of Block 9 Moydhin Sagip Street?

The current guideline value of Block 9 Moydhin Sagip 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 changed from Rs 344 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 220% over the years.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers this street?

The Erode Joint I Sub Registrar Office covers Block 9 Moydhin Sagip Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

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

The guideline value is significant as it is used to calculate stamp duty and registration fees during property transactions. It ensures that both buyers and sellers are aware of the legal requirements and costs involved in the sale.