Guideline Value for Block 1 Brough Road Main Road Part 1

Block 1 Brough Road Main Road Part 1 guideline value

The current guideline value for Block 1 Brough Road Main Road Part 1 is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in Ward E, under the Erode Joint I SRO, and is classified as Commercial Special Type - I.

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

The guideline value for Block 1 Brough Road Main Road Part 1 has seen several revisions over the years. The earliest recorded value was Rs 1,058 per sq.ft in 2002, which increased to Rs 1,196 per sq.ft in 2003, marking a 13% rise. The value then rose significantly to Rs 2,000 per sq.ft in 2007, reflecting a 67% increase. Following this, the value surged to Rs 6,000 per sq.ft in 2012, a remarkable 200% jump. However, it dropped to Rs 4,020 per sq.ft in 2017, showing a decline of 33%. The value then increased to Rs 6,000 per sq.ft in 2023, a 49% rise, before reaching the current value of Rs 6,600 per sq.ft in 2024, which is a 10% increase.

There are no figures available for revisions in years other than those mentioned. Overall, from 2002 to 2024, the guideline value has increased by 524%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, indicating that the 2024 figure for Block 1 Brough Road Main Road Part 1 is above this median.

• Block 1 Adhiyaman Street: Rs 825 per sq.ft (2024)
• Block 19 Thanga Perumal Pillai Street: Rs 825 per sq.ft (2024)
• Block 1 E.C.Muthusamy Gounder Lay-out: Rs 1,100 per sq.ft (2024)
• Block 1 Kandhappa Street: Rs 1,100 per sq.ft (2024)
• Block 19 Shek Dhavudh Street: Rs 1,100 per sq.ft (2024)
• Block 19 Railway Station Road: Rs 1,375 per sq.ft (2024)

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

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, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for these fees would be Rs 5,94,000. 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 further calculations.

Which Sub Registrar Office covers Block 1 Brough Road Main Road Part 1?

The Sub Registrar Office that covers Block 1 Brough Road Main Road Part 1 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 is a crucial factor in the registration process when buying or selling property in Ward E. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency in property transactions and helps maintain a consistent valuation across different properties in the area.

Frequently asked questions

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

The current guideline value for Block 1 Brough Road Main Road Part 1 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 changed from Rs 1,058 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 524% over the years.

What is the land classification for Block 1 Brough Road Main Road Part 1?

The land classification for Block 1 Brough Road Main Road Part 1 is Commercial Special Type - I.

Where is the Sub Registrar Office located for this property?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, at the current guideline value of Rs 6,600 per sq.ft, the total guideline value for a 1,000 sq.ft plot would be Rs 66,00,000, leading to a stamp duty of Rs 4,62,000.