Guideline Value for Block 3 Brough Road Main Road

Block 3 Brough Road Main Road guideline value

The current guideline value of Block 3 Brough Road Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in Ward E village, under the Erode Joint I SRO, and is classified as Commercial Special Type - I.

How the guideline value of Block 3 Brough Road Main Road has changed

The guideline value for Block 3 Brough Road Main Road has seen several revisions over the years. Starting from the earliest revision in 2002, the guideline value was Rs 1,056 per sq.ft. This increased to Rs 1,194 per sq.ft in 2003, marking a change of +13%. The value then rose significantly to Rs 2,000 per sq.ft in 2007, reflecting an increase of +68%. In 2012, the value was recorded at Rs 6,000 per sq.ft, which was a substantial increase of +200% from the previous revision.

Moving forward, the guideline value decreased to Rs 4,020 per sq.ft in 2017, showing a decline of -33%. The next revision in 2023 brought the value back up to Rs 6,000 per sq.ft, which was an increase of +49%. Finally, the current guideline value of Rs 6,600 per sq.ft, effective from July 2024, represents a +10% increase from the previous year.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing the guideline value of Block 3 Brough Road Main Road above this median.

• Block 3 Chidamparam Colony: Rs 1,925 per sq.ft (2024)
• Block 3 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 3 Sunnambukara Street: Rs 825 per sq.ft (2024)
• Block 4 Cutcheri Street: Rs 3,300 per sq.ft (2024)
• Block 4 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 4 State Bank Road (Poombuhar Road): Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 3 Brough Road Main Road

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, these fees would total 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 3 Brough Road Main Road?

The Sub Registrar Office that covers Block 3 Brough Road Main 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 information.

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

The guideline value is a crucial factor when registering property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the associated fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Block 3 Brough Road Main Road?

The current guideline value of Block 3 Brough Road Main 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 1,056 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of +525% over the years.

What is the classification of the land at Block 3 Brough Road Main Road?

Block 3 Brough Road Main Road is classified as Commercial Special Type - I.

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

The Sub Registrar Office for Block 3 Brough Road Main 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 properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 4,62,000.