Guideline Value for Block 15 Cauvery Road Main Road

Block 15 Cauvery Road Main Road guideline value

The current guideline value for Block 15 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 and is classified as Commercial Class I Type - II.

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

The guideline value for Block 15 Cauvery Road Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 777 per sq.ft. This figure increased to Rs 872 per sq.ft in 2003, marking a 12% rise. The value then increased by 15% to reach Rs 1,000 per sq.ft in 2007. Following this, there was a significant jump of 200%, leading to a guideline value of Rs 3,000 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 2,010 per sq.ft. The next revision in 2023 saw an increase of 49%, bringing the value to Rs 3,000 per sq.ft, and finally, the current revision in 2024 raised it by 10% to Rs 3,300 per sq.ft.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 7,700 per sq.ft in 2024. The median value for these streets is Rs 798 per sq.ft, placing Block 15 Cauvery Road Main Road's 2024 figure above that median.

• Block 14 Venkitta Perumal Street: Rs 1,100 per sq.ft (2024)
• Block 15 Market Lane: Rs 2,530 per sq.ft (2024)
• Block 15 Municipal Lane: Rs 2,530 per sq.ft (2024)
• Block 14 Moshi Keeranar Street: Rs 1,375 per sq.ft (2024)
• Block 14 Marimuthur Street: Rs 1,100 per sq.ft (2024)
• Block 15 R.K. Venkitasamy Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Block 15 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 would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, making the total cost for stamp duty and registration fees Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Block 15 Cauvery Road Main Road?

The Sub Registrar Office covering Block 15 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 when registering property transactions in Ward D. It serves as a benchmark for the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate applicable stamp duties and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value for Block 15 Cauvery Road Main Road?

The current guideline value for Block 15 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 the years.

What is the land classification for Block 15 Cauvery Road Main Road?

Block 15 Cauvery Road Main Road is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

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

The Sub Registrar Office for Block 15 Cauvery Road Main Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is 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, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.