Guideline Value for Block 14 Cauvery Road Main Road

Block 14 Cauvery Road Main Road guideline value

The current guideline value for Block 14 Cauvery Road Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO, classified as Commercial Class I Type - II.

How the guideline value of Block 14 Cauvery Road Main Road has changed

The guideline value for Block 14 Cauvery Road Main Road has seen 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 rose by 15% to Rs 1,000 per sq.ft in 2007. Following this, a significant increase occurred, with the value jumping 200% to Rs 3,000 per sq.ft in 2012. However, the value decreased by 33% to Rs 2,010 per sq.ft in 2017. The most recent revisions show an increase to Rs 3,000 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 3,300 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 325%. There are no figures available for years other than those listed in the register for this street.

Guideline values in Ward D

In Ward D, the guideline values range from Rs 770 to Rs 7,700 per sq.ft as of 2024, with a median value of Rs 798 per sq.ft. The guideline value for Block 14 Cauvery Road Main Road is above this median.

• Block 14 Chella Batsha Street: Rs 825 per sq.ft (2024)
• Block 14 Madhava Krishna Street: Rs 1,650 per sq.ft (2024)
• Block 14 Marimuthur Street: Rs 1,100 per sq.ft (2024)
• Block 14 Moshi Keeranar Street: Rs 1,375 per sq.ft (2024)
• Block 13 Lakshmi Narayanan Nagar: Rs 771 per sq.ft (2024)
• Block 13 Karpagam Lay-out: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 14 Cauvery Road Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the 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 14 Cauvery Road Main Road?

The Sub Registrar Office that covers Block 14 Cauvery Road Main 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 during the registration of property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the higher of the guideline value or the sale price is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value for Block 14 Cauvery Road Main Road?

The current guideline value for Block 14 Cauvery Road Main Road is Rs 3,300 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 3,300 per sq.ft in 2024, reflecting an overall increase of 325% over this period.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office handles registrations for this property?

The Erode Joint I Sub Registrar Office handles registrations for properties on Block 14 Cauvery Road Main Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 14 Cauvery Road Main Road?

The land classification for Block 14 Cauvery Road Main Road is Commercial Class I Type - II, indicating its suitability for commercial use.