Guideline Value for Block 19 Cutcheri Street

Block 19 Cutcheri Street guideline value

The current guideline value of Block 19 Cutcheri Street is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, classified as Residential Class I Type - III.

How the guideline value of Block 19 Cutcheri Street has changed

The guideline value of Block 19 Cutcheri Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,250 per sq.ft, which was followed by a decrease to Rs 837 per sq.ft in the 2017 revision. The value then increased significantly to Rs 1,250 per sq.ft in 2023, and further rose to Rs 1,375 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward D

In Ward D, there are 200 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 is Rs 798 per sq.ft, placing Block 19 Cutcheri Street's 2024 figure above this median.

• Block 19 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 19 Court Street: Rs 1,375 per sq.ft (2024)
• Block 18 Valaiyakkara Street: Rs 1,375 per sq.ft (2024)
• Block 19 Mandapam Street: Rs 1,375 per sq.ft (2024)
• Block 19 Neducheralathan Street: Rs 771 per sq.ft (2024)
• Block 19 Nethaji Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Block 19 Cutcheri Street

For a 1,000 sq.ft plot at the current rate of Rs 1,375 per sq.ft, the guideline value is Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, totaling Rs 1,23,750. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 19 Cutcheri Street?

The Sub Registrar Office covering Block 19 Cutcheri Street 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 further assistance.

How the guideline value is used when you buy or sell in Ward D

The guideline value is an important factor during the registration of property transactions in Ward D. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the official value of the property. This helps in maintaining transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Block 19 Cutcheri Street?

The current guideline value of Block 19 Cutcheri Street is Rs 1,375 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 2012 to Rs 837 per sq.ft in 2017, then to Rs 1,250 per sq.ft in 2023, and finally to Rs 1,375 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250 and the registration fee would be Rs 27,500, totaling Rs 1,23,750.

Which office handles property registrations for Block 19 Cutcheri Street?

The Erode Joint I Sub Registrar Office handles property registrations for Block 19 Cutcheri Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the classification of land in Block 19 Cutcheri Street?

The land classification for Block 19 Cutcheri Street is Residential Class I Type - III.