Guideline Value for Block 2 Brough Road

Block 2 Brough Road guideline value

The current guideline value for Block 2 Brough Road in Ward B village, under the Erode Joint I SRO, is Rs 6,600 per sq.ft, effective from 1 July 2024. This classification falls under Commercial Special Type - I.

How the guideline value of Block 2 Brough Road has changed

The guideline value for Block 2 Brough Road has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 891 per sq.ft. This increased to Rs 999 per sq.ft in 2003, marking a 12% rise. In 2007, the value jumped to Rs 1,500 per sq.ft, reflecting a significant increase of 50%. The 2012 revision saw a decrease to Rs 6,000 per sq.ft, a drop of 300% from the previous revision. However, in 2017, the guideline value rose to Rs 4,020 per sq.ft, which was a 49% increase. The value further increased to Rs 6,000 per sq.ft in 2023, before reaching the current rate of Rs 6,600 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 641%. Notably, there are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 6,600 per sq.ft in 2024. The median value for these streets is Rs 1,100 per sq.ft, placing Block 2 Brough Road's 2024 figure well above the median.

• Block 2 Chinnamuthu Street 1 Main Road: Rs 2,750 per sq.ft (2024)
• Block 29 Perumal kadu: Rs 771 per sq.ft (2024)
• Block 29 Muthukumarasamy Street: Rs 1,100 per sq.ft (2024)
• Block 29 Manal Medu: Rs 771 per sq.ft (2024)
• Block 2 Perundurai Road: Rs 4,400 per sq.ft (2024)
• Block 29 Chennimalai Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Block 2 Brough Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, leading to a total of Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Block 2 Brough Road?

The Sub Registrar Office covering Block 2 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 details.

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

The guideline value is an essential factor in property transactions within Ward B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value may influence the overall transaction costs.

When a property is bought or sold, the guideline value is considered to ensure that the correct amount of duty is paid. This helps maintain transparency in property transactions, ensuring that all parties comply with the legal requirements set forth by the registration authorities.

Frequently asked questions

What is the current guideline value for Block 2 Brough Road?

The current guideline value for Block 2 Brough Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 891 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 641% across the revisions.

What is the land classification for Block 2 Brough Road?

Block 2 Brough Road is classified as Commercial Special Type - I.

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

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Where is the Sub Registrar Office for Block 2 Brough Road located?

The Sub Registrar Office for Block 2 Brough Road is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.