Guideline Value for Block 9 Muthukaruppan Sandhu

Block 9 Muthukaruppan Sandhu guideline value

The current guideline value for Block 9 Muthukaruppan Sandhu is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 9 Muthukaruppan Sandhu has changed

The guideline value for Block 9 Muthukaruppan Sandhu has undergone several revisions since 2003. The figures are as follows: in 2003, the guideline value was Rs 185 per sq.ft, which increased to Rs 250 per sq.ft in 2007. Following that, it rose to Rs 400 per sq.ft in 2012, but then decreased to Rs 335 per sq.ft in 2017. It saw a significant increase to Rs 700 per sq.ft in 2023, and currently stands at Rs 770 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 316%. It is important to note that there is no figure available for the year 2002 for this street in the register.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 798 per sq.ft, placing Block 9 Muthukaruppan Sandhu's 2024 figure below that median.

• Block 9 Kumanan Street: Rs 770 per sq.ft (2024)
• Block 9 Palani Sandhu: Rs 770 per sq.ft (2024)
• Block 9 Periyamariamman Kovil Street: Rs 770 per sq.ft (2024)
• Block 9 Sekkilar Street: Rs 770 per sq.ft (2024)
• Block 9 Arasilango Street: Rs 770 per sq.ft (2024)
• Block 9 Thoppaiya Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 9 Muthukaruppan Sandhu

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total cost for these charges would be Rs 69,300. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 9 Muthukaruppan Sandhu?

The Sub Registrar Office that covers Block 9 Muthukaruppan Sandhu 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 information.

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

The guideline value serves as a benchmark for determining the stamp duty and registration fees when buying or selling property in Ward D. It is essential for both buyers and sellers to be aware of this value to ensure accurate financial planning during the transaction process.

When a property is registered, the guideline value is used to calculate the stamp duty, which is a mandatory charge. This ensures that the government receives its due revenue from property transactions, and it reflects the legal value of the property being transferred.

Frequently asked questions

What is the current guideline value for Block 9 Muthukaruppan Sandhu?

The current guideline value for Block 9 Muthukaruppan Sandhu is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 185 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, which is an overall increase of 316%.

What is the land classification for Block 9 Muthukaruppan Sandhu?

Block 9 Muthukaruppan Sandhu is classified as Residential Class III Type - I.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, amounting to a total of Rs 69,300.

Where is the Sub Registrar Office for Block 9 Muthukaruppan Sandhu located?

The Sub Registrar Office for Block 9 Muthukaruppan Sandhu is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.