Guideline Value for Block 15 Cauvery Road Main Road Part 1

Block 15 Cauvery Road Main Road Part 1 guideline value

The current guideline value of Block 15 Cauvery Road Main Road Part 1 is Rs 1,375 per sq.ft, effective from 1 July 2024. This property is located in Ward C village under the Erode Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Block 15 Cauvery Road Main Road Part 1 has changed

Over the years, the guideline value for Block 15 Cauvery Road Main Road Part 1 has seen several revisions. The register shows the following figures: in 2002, the value was Rs 608 per sq.ft, which increased to Rs 681 per sq.ft in 2003, marking a 12% rise. This was followed by a 10% increase to Rs 750 per sq.ft in 2007. The value then jumped 67% to Rs 1,250 per sq.ft in 2012, but saw a decline of 33% to Rs 837 per sq.ft in 2017. The value rose significantly by 49% to Rs 1,250 per sq.ft in 2023, and finally, it increased by 10% to the current rate of Rs 1,375 per sq.ft in 2024.

The register does not contain figures for revisions in years other than those mentioned. Overall, from 2002 to 2024, the guideline value has increased by 126%.

Guideline values in Ward C

In Ward C, there are 250 streets that have a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with the median value being Rs 1,375 per sq.ft. Block 15 Cauvery Road Main Road Part 1's 2024 figure aligns with this median.

• Block 15 Janakiammal Layout: Rs 1,100 per sq.ft (2024)
• Block 14 Subbaian Street: Rs 770 per sq.ft (2024)
• Block 15 Municipal Higher Secondary School Street: Rs 1,100 per sq.ft (2024)
• Block 14 Rajaji Street (Puram): Rs 770 per sq.ft (2024)
• Block 15 Sahan Saibu Street: Rs 771 per sq.ft (2024)
• Block 16 Cauvery Road Main Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 15 Cauvery Road Main Road Part 1

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value would be Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, bringing the total amount to Rs 1,23,750. 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 15 Cauvery Road Main Road Part 1?

The Sub Registrar Office that covers Block 15 Cauvery Road Main Road Part 1 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 C

The guideline value is a crucial factor when buying or selling property in Ward C. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the actual sale price of the property.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the prevailing market conditions as per the official register.

Frequently asked questions

What is the current guideline value of Block 15 Cauvery Road Main Road Part 1?

The current guideline value of Block 15 Cauvery Road Main Road Part 1 is Rs 1,375 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 608 per sq.ft to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 126%.

What is the land classification for this property?

Block 15 Cauvery Road Main Road Part 1 is classified as Residential Class I Type - III.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 13,75,000. The stamp duty at 7% is Rs 96,250, and the registration fee at 2% is Rs 27,500, totaling Rs 1,23,750.

Where is the Sub Registrar Office for this area located?

The Erode Joint I Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.