Guideline Value for Block 16 Cauvery Road

Block 16 Cauvery Road guideline value

The current guideline value for Block 16 Cauvery 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 16 Cauvery Road has changed

The guideline value for Block 16 Cauvery 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 further increased to Rs 1,000 per sq.ft in 2007, representing a 15% change. By 2012, the value was Rs 3,000 per sq.ft, showing a significant increase of 200% from the previous revision. However, it dropped to Rs 2,010 per sq.ft in 2017, which was a decrease of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, and finally, it reached Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 325%. The register does not contain figures for any other years regarding this street.

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 16 Cauvery Road is above this median.

• Block 16 Agrahara Street: Rs 2,200 per sq.ft (2024)
• Block 15 R.K. Venkitasamy Street: Rs 7,700 per sq.ft (2024)
• Block 16 Jinna Street: Rs 2,750 per sq.ft (2024)
• Block 15 Municipal Lane: Rs 2,530 per sq.ft (2024)
• Block 16 Market Road: Rs 2,530 per sq.ft (2024)
• Block 15 Market Lane: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Block 16 Cauvery 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, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 16 Cauvery Road?

The Sub Registrar Office that covers Block 16 Cauvery 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 is an essential factor when registering a property in Ward D. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees. Buyers and sellers should be aware that the guideline value may influence the overall transaction process.

When purchasing property, the guideline value helps in establishing a baseline for negotiation. It ensures that both parties are aware of the minimum value set by the government, which can aid in fair dealings during the transaction.

Frequently asked questions

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

The current guideline value for Block 16 Cauvery 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 16 Cauvery Road?

Block 16 Cauvery Road is classified as Commercial Class I Type - II.

What are the stamp duty and registration fees for property in Block 16 Cauvery Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000, with stamp duty at Rs 2,31,000 and registration fee at Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Block 16 Cauvery Road located?

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