Guideline Value for Block 1 Cauvery Road

Block 1 Cauvery Road guideline value

The current guideline value for Block 1 Cauvery Road is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward D village, under the Erode Joint I SRO, and is classified as Residential Class II Type - II.

How the guideline value of Block 1 Cauvery Road has changed

The guideline value for Block 1 Cauvery Road has undergone several revisions over the years. In 2002, the guideline value was Rs 220 per sq.ft, which increased to Rs 248 per sq.ft in 2003, marking a change of +13%. The value then rose significantly to Rs 400 per sq.ft in 2007, showing an increase of +61%. Following this, the value jumped to Rs 750 per sq.ft in 2012, reflecting an increase of +88%. However, from 2012 to 2017, the value decreased to Rs 502 per sq.ft, a change of -33%. The guideline value then rose to Rs 750 per sq.ft in 2023, which was a +49% increase. The most recent revision in 2024 has set the guideline value at Rs 825 per sq.ft, marking a +10% increase from the previous year.

There are no figures for other revisions for this street in the register. Overall, from 2002 to 2024, the guideline value has increased by +275%.

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. The median value for these streets is Rs 798 per sq.ft, placing Block 1 Cauvery Road's 2024 figure above this median.

• Block 1 Cauvery Nagar: Rs 771 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 1 North Chinna Mariamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 19 Neducheralathan 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 Road

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, totaling Rs 74,250. 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 1 Cauvery Road?

The Sub Registrar Office that covers Block 1 Cauvery Road 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 is a crucial factor in property transactions in Ward D. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value for Block 1 Cauvery Road?

The current guideline value for Block 1 Cauvery Road is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 750 per sq.ft in 2023 to Rs 825 per sq.ft in 2024, a change of +10%. Overall, the value has increased by +275% from Rs 220 per sq.ft in 2002 to the current value.

What is the land classification for Block 1 Cauvery Road?

Block 1 Cauvery Road is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Block 1 Cauvery Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 57,750 at 7% of Rs 8,25,000.