Guideline Value for Block 12 Cauvery Road Main Road

Block 12 Cauvery Road Main Road guideline value

The current guideline value for Block 12 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 12 Cauvery Road Main Road has changed

The guideline value for Block 12 Cauvery Road Main Road has undergone several revisions over the years. In 2002, the guideline value was Rs 691 per sq.ft. It increased to Rs 775 per sq.ft in 2003, which was a rise of 12%. The value then saw a further increase of 29% to reach Rs 1,000 per sq.ft in 2007. This was followed by a significant jump of 150%, bringing the value to Rs 2,500 per sq.ft in 2012. However, there was a decline of 33% in 2017, resulting in a guideline value of Rs 1,675 per sq.ft. The value increased again in 2023 to Rs 2,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 298%. There are no figures available for revisions in years not listed, ensuring the accuracy of the stated values.

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 12 Cauvery Road Main Road is above this median, reflecting its commercial classification.

• Block 12 Chenniappa Lay-out: Rs 825 per sq.ft (2024)
• Block 12 Karpagam Lay-out 1 2 3 Sadhasivam Nagar: Rs 825 per sq.ft (2024)
• Block 12 Kottaiyar Street: Rs 825 per sq.ft (2024)
• Block 11 Senniappa Lay-out: Rs 825 per sq.ft (2024)
• Block 11 Ranganathan Street: Rs 771 per sq.ft (2024)
• Block 12 Om Kaliamman Kovil Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 12 Cauvery Road Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, resulting in a total of Rs 2,47,500. 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 more details.

Which Sub Registrar Office covers Block 12 Cauvery Road Main Road?

The Erode Joint I Sub Registrar Office covers Block 12 Cauvery Road Main Road. The office is 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 during the registration of property transactions in Ward D. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is referred to for calculating the applicable charges. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value for Block 12 Cauvery Road Main Road?

The current guideline value for Block 12 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 significantly from Rs 691 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 298% over the years.

What is the land classification for Block 12 Cauvery Road Main Road?

Block 12 Cauvery Road Main Road is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.

Where can I find the registration office for Block 12 Cauvery Road Main Road?

The registration office for Block 12 Cauvery Road Main 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 Ward D?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, at the current guideline value, the stamp duty for a 1,000 sq.ft plot would be Rs 1,92,500.