Guideline Value for Block 2 New Cauvery Road

Block 2 New Cauvery Road guideline value

The current guideline value of Block 2 New Cauvery Road is Rs 771 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 Residential Class II Type - III.

How the guideline value of Block 2 New Cauvery Road has changed

The guideline value of Block 2 New Cauvery Road has seen several revisions over the years. In 2002, the value was Rs 215 per sq.ft, which increased to Rs 241 per sq.ft in 2003, marking a 12% rise. The value then experienced a modest increase of 4% to reach Rs 250 per sq.ft in 2007. Following this, there was a significant jump of 140%, bringing the value to Rs 600 per sq.ft in 2012. However, it dropped by 33% to Rs 402 per sq.ft in 2017. The value rose again to Rs 700 per sq.ft in 2023, and currently stands at Rs 771 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 259%. Notably, there are no figures available for revisions prior to 2002 or any revisions for the years not listed in the register.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value of Block 2 New Cauvery Road is below this median.

• Block 2 K.A.S Nagar: Rs 771 per sq.ft (2024)
• Block 2 Ponnusamy Theru: Rs 770 per sq.ft (2024)
• Block 2 Karungalpalayam Vaykal Marapalam Road: Rs 825 per sq.ft (2024)
• Block 2 Ranga Bavan Street: Rs 771 per sq.ft (2024)
• Block 2 Veerappa Street: Rs 770 per sq.ft (2024)
• Block 2 Arumugam Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 2 New Cauvery Road

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total cost for these fees to Rs 69,390. 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 New Cauvery Road?

The Sub Registrar Office that covers Block 2 New 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 details.

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

The guideline value is a crucial factor in property transactions within Ward D, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it affects the overall cost of the transaction. It is essential for buyers to ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Block 2 New Cauvery Road?

The current guideline value of Block 2 New Cauvery Road is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 215 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of 259% over this period.

What is the land classification for Block 2 New Cauvery Road?

Block 2 New Cauvery Road is classified as Residential Class II Type - III.

Where can I find the Sub Registrar Office for this property?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,71,000, the stamp duty at 7% would be Rs 53,970.