Guideline Value for Block 16 Cauvery Road Main Road

Block 16 Cauvery Road Main Road guideline value

The current guideline value for Block 16 Cauvery Road Main Road is Rs 2,750 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 Commercial Class I Type - III.

How the guideline value of Block 16 Cauvery Road Main Road has changed

The guideline value for this street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 774 per sq.ft, which increased to Rs 867 per sq.ft in 2003. In 2007, the value rose significantly to Rs 1,000 per sq.ft, and by 2012, it had increased to Rs 2,500 per sq.ft. However, there was a decrease to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023 and has now reached Rs 2,750 per sq.ft in the 2024 revision.

In terms of percentage changes, the guideline value increased by 12% from 2002 to 2003, followed by a 15% increase from 2003 to 2007. The value then saw a substantial increase of 150% from 2007 to 2012. After a decline of 33% from 2012 to 2017, it increased by 49% from 2017 to 2023. The latest revision from 2023 to 2024 shows a 10% increase, resulting in an overall increase of 255% from 2002 to 2024.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, making the 2024 figure for Block 16 Cauvery Road Main Road above that median.

• Block 15 Sahan Saibu Street: Rs 771 per sq.ft (2024)
• Block 16 Kandasamy Kudisai: Rs 770 per sq.ft (2024)
• Block 16 Kandasamy Street: Rs 1,100 per sq.ft (2024)
• Block 16 Kurangan Kuttai: Rs 770 per sq.ft (2024)
• Block 16 Kurangan Kuttai Kudisai: Rs 770 per sq.ft (2024)
• Block 15 Municipal Higher Secondary School Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 16 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. Together, these fees would total 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 16 Cauvery Road Main Road?

The Sub Registrar Office that covers Block 16 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 C

The guideline value is a crucial factor during property registration in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value helps in assessing the official value of the property, ensuring that the appropriate taxes are levied based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Block 16 Cauvery Road Main Road?

The current guideline value for Block 16 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 774 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 255% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 27,50,000. The stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles the registration for this property?

The registration for Block 16 Cauvery Road Main Road is handled by the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 16 Cauvery Road Main Road?

The land classification for Block 16 Cauvery Road Main Road is Commercial Class I Type - III.