Guideline Value for Block 1 Brough Road 1,2 Main Road

Block 1 Brough Road 1,2 Main Road guideline value

The current guideline value for Block 1 Brough Road 1,2 Main Road is Rs 6,600 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 Commercial Special Type - I.

How the guideline value of Block 1 Brough Road 1,2 Main Road has changed

The guideline value for Block 1 Brough Road 1,2 Main Road has undergone several revisions over the years. In 2002, the guideline value was Rs 774 per sq.ft. It increased to Rs 868 per sq.ft in 2003, marking a 12% rise. The value then saw a significant increase to Rs 1,500 per sq.ft in 2007, which was a 73% jump. Following this, the value surged to Rs 6,000 per sq.ft in 2012, representing a 300% increase. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, a decline of 33%. The value then climbed to Rs 6,000 per sq.ft in 2023, and most recently, it has risen to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 753%. The register has no figures for the years not mentioned in the revisions above.

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 1 Brough Road 1,2 Main Road is significantly above this median.

• Block 1 Chinnamuthu Street 1: Rs 2,200 per sq.ft (2024)
• Block 1 Chinnamuthu Street 2: Rs 2,200 per sq.ft (2024)
• Block 19 S.K.Chenniappa Street: Rs 1,100 per sq.ft (2024)
• Block 19 N.G.G.O.Colony Street 1 to 8: Rs 1,100 per sq.ft (2024)
• Block 19 Marappa Gounder Street 1,2,3: Rs 1,100 per sq.ft (2024)
• Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 1 Brough Road 1,2 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total fees together Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 1 Brough Road 1,2 Main Road?

The Sub Registrar Office that covers Block 1 Brough Road 1,2 Main Road 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 when registering property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value will be referenced to calculate the required fees. This ensures that the transaction is recorded accurately and in compliance with the regulations set forth by the registration department.

Frequently asked questions

What is the current guideline value for Block 1 Brough Road 1,2 Main Road?

The current guideline value for Block 1 Brough Road 1,2 Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced several changes, increasing from Rs 774 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 753% over the years.

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

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office covers this area?

The Erode Joint I Sub Registrar Office covers Block 1 Brough Road 1,2 Main Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for this property?

The land classification for Block 1 Brough Road 1,2 Main Road is Commercial Special Type - I, indicating its designated use within the local planning framework.