Guideline Value for Block 13 Cauvery Road Main Road

Block 13 Cauvery Road Main Road guideline value

The current guideline value for Block 13 Cauvery Road Main Road is Rs 1,925 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO, classified as Residential Class I Type - I.

How the guideline value of Block 13 Cauvery Road Main Road has changed

The guideline value for Block 13 Cauvery Road Main Road has undergone several revisions over the years. In 2002, the value was Rs 777 per sq.ft, which increased to Rs 872 per sq.ft in 2003, marking a 12% rise. The value then saw a further increase of 15% to reach Rs 1,000 per sq.ft in 2007. In 2012, the value was Rs 1,750 per sq.ft, reflecting a significant 75% increase from the previous revision. However, this was followed by a decrease of 33% to Rs 1,172 per sq.ft in 2017. The guideline value then rose sharply by 49% to Rs 1,750 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,925 per sq.ft, an increase of 10% from the previous year.

Guideline values in Ward D

In Ward D, the guideline values for 200 streets under the Erode Joint I SRO range 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 13 Cauvery Road Main Road is above this median, indicating its relatively higher valuation.

• Block 13 Arunthathiyar Vaikal Street Road 1,2,3 Mosikeeranar Street .12.3..: Rs 825 per sq.ft (2024)
• Block 13 Chella Batsha Street: Rs 825 per sq.ft (2024)
• Block 13 Karpagam Lay-out: Rs 825 per sq.ft (2024)
• Block 12 Om Kaliamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 13 Lakshmi Narayanan Nagar: Rs 771 per sq.ft (2024)
• Block 12 Kottaiyar Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 13 Cauvery Road Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total guideline value amounts to Rs 19,25,000. The stamp duty at 7% would be Rs 1,34,750, and the registration fee at 2% would be Rs 38,500, bringing the total charges to Rs 1,73,250. 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 precise calculations.

Which Sub Registrar Office covers Block 13 Cauvery Road Main Road?

The Sub Registrar Office that covers Block 13 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 plays a crucial role in the registration process when buying or selling property in Ward D. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When a property is sold, 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 for Block 13 Cauvery Road Main Road?

The current guideline value for Block 13 Cauvery Road Main Road is Rs 1,925 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 777 per sq.ft in 2002 to Rs 1,925 per sq.ft in 2024, representing an overall increase of 148% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,25,000, the stamp duty would be Rs 1,34,750 and the registration fee would be Rs 38,500, totaling Rs 1,73,250.

Which office handles property registrations for Block 13 Cauvery Road Main Road?

The Erode Joint I Sub Registrar Office handles property registrations for Block 13 Cauvery Road Main Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 13 Cauvery Road Main Road?

The land classification for Block 13 Cauvery Road Main Road is Residential Class I Type - I, indicating its suitability for residential development.