Guideline Value for Block 11 Cauvery Road Main Road

Block 11 Cauvery Road Main Road guideline value

The current guideline value of Block 11 Cauvery Road Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Ward D village, under the Erode Joint I SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Block 11 Cauvery Road Main Road has changed

The guideline value for Block 11 Cauvery Road Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 277 per sq.ft, which increased to Rs 312 per sq.ft in 2003, marking a 13% rise. The value then rose significantly to Rs 750 per sq.ft in 2007, reflecting a 140% increase. Following this, the 2012 revision set the value at Rs 2,500 per sq.ft, which was a substantial 233% increase from the previous figure. However, in 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33% from 2012. The guideline value then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 893%. The register has no figures for any other years not listed in the revisions.

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 11 Cauvery Road Main Road is above this median.

• Block 11 Chinna Mariamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 11 Karpagam Lay-out 1 2 3 4: Rs 825 per sq.ft (2024)
• Block 11 Kottaiyar Street: Rs 825 per sq.ft (2024)
• Block 10 Ranganathan Lay-out 1,2: Rs 770 per sq.ft (2024)
• Block 11 Krishnamoorthy Thottam Street 1 2 3: Rs 771 per sq.ft (2024)
• Block 10 Periya Mariamman Koil Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 11 Cauvery Road Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 11 Cauvery Road Main Road?

The Sub Registrar Office that covers Block 11 Cauvery Road 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 D

The guideline value is an essential factor when buying or selling property in Ward D. It is used to determine the stamp duty and registration fees applicable during the transaction, ensuring that the government receives the appropriate revenue from property transfers.

When a property is registered, the guideline value serves as a benchmark for calculating the costs involved. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value for Block 11 Cauvery Road Main Road?

The current guideline value for Block 11 Cauvery Road Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 277 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 893% over the years.

What is the land classification for Block 11 Cauvery Road Main Road?

Block 11 Cauvery Road Main Road is classified as Commercial Class I Type - III.

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

The Sub Registrar Office for Block 11 Cauvery Road Main Road 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, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at 7%.