Guideline Value for Block 1 Cauvery Nagar

Block 1 Cauvery Nagar guideline value

The current guideline value for Block 1 Cauvery Nagar is Rs 771 per sq.ft, effective from 1 July 2024. This area is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Block 1 Cauvery Nagar has changed

The guideline value for Block 1 Cauvery Nagar has undergone several revisions over the years. In 2002, the value was Rs 221 per sq.ft, which increased to Rs 249 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 350 per sq.ft in 2007, reflecting an increase of +41%. Following this, the value saw a significant jump to Rs 600 per sq.ft in 2012, which was a +71% change. However, it decreased to Rs 402 per sq.ft in 2017, indicating a decline of -33%. The value then increased to Rs 700 per sq.ft in 2023, marking a +74% change, and finally reached Rs 771 per sq.ft in 2024, which is a +10% increase.

There are no figures available for the revisions in the years not listed. The overall change from 2002 to 2024 is +249%, reflecting the cumulative adjustments over the years.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 1 Cauvery Nagar is below this median.

• Block 1 Cauvery Road: Rs 825 per sq.ft (2024)
• Block 1 Kuyilan Thoppu: Rs 771 per sq.ft (2024)
• Block 19 Nethaji Street: Rs 4,400 per sq.ft (2024)
• Block 19 Neducheralathan Street: Rs 771 per sq.ft (2024)
• Block 1 North Chinna Mariamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 19 Mandapam Street: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 1 Cauvery Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total fees to Rs 69,390. It is important to note that 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 1 Cauvery Nagar?

The Sub Registrar Office that covers Block 1 Cauvery Nagar 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward D. It establishes a benchmark for the minimum value of the property, ensuring that the transaction is recorded accurately and fairly.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Block 1 Cauvery Nagar?

The current guideline value of Block 1 Cauvery Nagar is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 221 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, with several revisions in between. The overall increase from 2002 to 2024 is +249%.

What is the classification of land in Block 1 Cauvery Nagar?

Block 1 Cauvery Nagar is classified as Residential Class II Type - III, which indicates its intended use for residential purposes.

How is the stamp duty calculated for properties in Block 1 Cauvery Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.

Where can I find the Sub Registrar Office for Block 1 Cauvery Nagar?

The Sub Registrar Office for Block 1 Cauvery Nagar is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009. You can find more details online.