Guideline Value for Block 20 Cutcheri Street

Block 20 Cutcheri Street guideline value

The current guideline value of Block 20 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 and is classified as Residential Class I Type - III.

How the guideline value of Block 20 Cutcheri Street has changed

The guideline value for Block 20 Cutcheri Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,250 per sq.ft, which then decreased to Rs 837 per sq.ft in 2017. Following this, the value 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 2017 to 2023, there was a notable increase of 49%. Overall, when comparing the 2012 figure to the 2024 figure, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ward D

In Ward D, the guideline values for 200 streets under the Erode Joint I SRO range from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The 2024 guideline value for Block 20 Cutcheri Street is above this median.

• Block 20 Court Street (or) Periyar Street: Rs 1,375 per sq.ft (2024)
• Block 20 KalamegamStreet (or) WestMuhamadhiarStreet: Rs 1,100 per sq.ft (2024)
• Block 20 Navidhar Lane: Rs 771 per sq.ft (2024)
• Block 1 Ponnusamy Theru: Rs 770 per sq.ft (2024)
• Block 20 Neduncheralathan Street: Rs 825 per sq.ft (2024)
• Block 1 North Chinna Mariamman Kovil Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 20 Cutcheri Street

For a 1,000 sq.ft plot at the current rate of Rs 1,375 per sq.ft, the guideline value would be Rs 13,75,000. The stamp duty at 7% would amount to 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 20 Cutcheri Street?

The Sub Registrar Office that covers Block 20 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ward D. It is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a value that reflects the current market conditions set by the government. This helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value for Block 20 Cutcheri Street?

The current guideline value for Block 20 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 property in Block 20 Cutcheri Street?

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 registrations for Block 20 Cutcheri Street?

The Erode Joint I Sub Registrar Office handles registrations for Block 20 Cutcheri Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 20 Cutcheri Street?

Block 20 Cutcheri Street is classified as Residential Class I Type - III.