Guideline Value for Block 17 Cauvery Road

Block 17 Cauvery Road guideline value

The current guideline value of Block 17 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 17 Cauvery Road has changed

The guideline value for Block 17 Cauvery Road has seen several revisions over the years. In 2002, the value was set at Rs 777 per sq.ft. This increased to Rs 872 per sq.ft in 2003, marking a 12% rise. The value continued to grow, reaching Rs 1,000 per sq.ft in 2007, a 15% increase from the previous year. The next significant change occurred in 2012 when the value was Rs 3,000 per sq.ft, reflecting a substantial 200% increase from 2007. However, in 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%.

In 2023, the guideline value rose again to Rs 3,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 325%.

Guideline values in Ward D

In Ward D, the guideline values for 2024 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 17 Cauvery Road is above this median, indicating a higher valuation compared to many other streets in the area.

• Block 17 Ayyanarappan Kovil Street 1,2,3a: Rs 825 per sq.ft (2024)
• Block 17 Jayaram Lane: Rs 770 per sq.ft (2024)
• Block 16 Valaiyakara Street: Rs 1,375 per sq.ft (2024)
• Block 17 Keerakara Street (or) Marimuthu Street: Rs 825 per sq.ft (2024)
• Block 16 R.K. Venkatasamy Street: Rs 7,700 per sq.ft (2024)
• Block 17 Meera Moydhin Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 17 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, charged at 7%, would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, these fees would total 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Block 17 Cauvery Road?

The Sub Registrar Office that covers Block 17 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 a crucial factor in the registration process when buying or selling property in Ward D. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair valuation according to government standards.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 17 Cauvery Road?

The current guideline value for Block 17 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 undergone several revisions, increasing from Rs 777 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, which represents an overall increase of 325% over this period.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Block 17 Cauvery Road is charged at 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for properties in Block 17 Cauvery Road?

The registration fee for properties in Block 17 Cauvery Road is 2% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for Block 17 Cauvery Road?

The Erode Joint I Sub Registrar Office manages the registration for Block 17 Cauvery Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.