Guideline Value for Block 29 Cutcheri Street

Block 29 Cutcheri Street guideline value

The current guideline value for Block 29 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 29 Cutcheri Street has changed

The guideline value for Block 29 Cutcheri Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,250 per sq.ft. This figure was then revised to Rs 837 per sq.ft in 2017, marking a decrease of 33%. Following this, the guideline value increased significantly to Rs 1,250 per sq.ft in 2023, and then further to Rs 1,375 per sq.ft in 2024, reflecting a rise of 10% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%, showing a notable progression in the value over the years.

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. Block 29 Cutcheri Street's current guideline value is above this median.

• Block 29 Chokkalingam Street: Rs 825 per sq.ft (2024)
• Block 29 Kamatchi (Kadu) Street: Rs 770 per sq.ft (2024)
• Block 29 Agrahara Street: Rs 825 per sq.ft (2024)
• Block 28 Ward Road: Rs 770 per sq.ft (2024)
• Block 28 Valaiyakara Street: Rs 1,100 per sq.ft (2024)
• Block 29 NedunSeralarathan Theru: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 29 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. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Block 29 Cutcheri Street?

The Sub Registrar Office that covers Block 29 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Ward D. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 29 Cutcheri Street?

The current guideline value for Block 29 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 other streets in Ward D and their guideline values?

Other streets in Ward D include Block 29 Chokkalingam Street at Rs 825 per sq.ft, Block 29 Kamatchi (Kadu) Street at Rs 770 per sq.ft, and others with varying values. You can find a complete list above.

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. This is based on the guideline value of Rs 1,375 per sq.ft.

Where can I find the Sub Registrar Office for Block 29 Cutcheri Street?

The Sub Registrar Office for Block 29 Cutcheri Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone. You can find more details through the provided link.