Guideline Value for Block 18 Brough Road

Block 18 Brough Road guideline value

The current guideline value of Block 18 Brough Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO and is classified as Commercial Special Type - II.

How the guideline value of Block 18 Brough Road has changed

The guideline value for Block 18 Brough Road has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 1,250 per sq.ft, which increased to Rs 2,000 per sq.ft in 2007. The 2012 revision saw a rise to Rs 5,000 per sq.ft, but then dropped to Rs 3,350 per sq.ft in 2017. The value continued to rise, reaching Rs 5,000 per sq.ft in 2023, and finally settling at Rs 5,500 per sq.ft in the 2024 revision. The register has no figure for this street in 2002.

In terms of percentage changes, the value increased by 60% from 2003 to 2007, followed by a 150% increase from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally increased by 10% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 340%.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 18 Brough Road's 2024 figure above that median.

• Block 18 Bharathi Street: Rs 1,375 per sq.ft (2024)
• Block 18 Arunthathiyar Huts: Rs 770 per sq.ft (2024)
• Block 18 Agil Medu Street: Rs 3,300 per sq.ft (2024)
• Block 18 E.V.Nanjappa Main Road: Rs 6,600 per sq.ft (2024)
• Block 17 Vasugi Street: Rs 2,530 per sq.ft (2024)
• Block 17 Sait Colony: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 18 Brough Road

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 18 Brough Road?

The Sub Registrar Office that covers Block 18 Brough 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 A

The guideline value is a crucial factor when registering property in Ward A. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the official rates set by the government. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value for Block 18 Brough Road?

The current guideline value for Block 18 Brough Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What is the land classification for Block 18 Brough Road?

Block 18 Brough Road is classified as Commercial Special Type - II, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Block 18 Brough Road?

The Sub Registrar Office for Block 18 Brough Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in Block 18 Brough Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at 7%.