Guideline Value for Block 3 Brough Road

Block 3 Brough Road guideline value

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

How the guideline value of Block 3 Brough Road has changed

The guideline value for Block 3 Brough Road has seen several revisions over the years. In 2002, the guideline value was Rs 1,234 per sq.ft, which increased to Rs 1,383 per sq.ft in 2003, marking a change of +12%. By 2007, it rose significantly to Rs 1,500 per sq.ft, a change of +8%. The value then surged to Rs 6,000 per sq.ft in 2012, reflecting a substantial increase of +300%. However, it decreased to Rs 4,020 per sq.ft in 2017, showing a decline of -33%. The guideline value then increased to Rs 6,000 per sq.ft in 2023, before reaching the current value 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 +435%. There are no figures available for the revisions in years other than those listed.

Guideline values in Ward B

In Ward B, the guideline values range from Rs 770 to Rs 6,600 per sq.ft as of 2024, with a median value of Rs 1,100 per sq.ft. Block 3 Brough Road's guideline value is significantly above this median.

• Block 3 E V N Road: Rs 3,300 per sq.ft (2024)
• Block 3 Gandhi Nagar Colony: Rs 2,200 per sq.ft (2024)
• Block 3 Muthukaruppa Street: Rs 1,650 per sq.ft (2024)
• Block 3 Palaniappa Street: Rs 2,200 per sq.ft (2024)
• Block 3 Perundurai Road: Rs 4,400 per sq.ft (2024)
• Block 3 Ramasamy Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 3 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, bringing the total to Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 3 Brough Road?

The Sub Registrar Office that covers Block 3 Brough Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Ward B. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the transaction is recorded accurately and legally within the framework set by the Registration Department.

When buyers or sellers engage in a property transaction, the guideline value is considered to ensure compliance with legal requirements. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 3 Brough Road?

The current guideline value for Block 3 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 1,234 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of +435% over the years.

What is the land classification for Block 3 Brough Road?

Block 3 Brough Road is classified as Commercial Special Type - I, which indicates its intended use for commercial purposes.

What are the registration fees for properties in Block 3 Brough Road?

The registration fees are calculated based on the guideline value. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 and a registration fee of Rs 1,32,000.

Where can I find the Sub Registrar Office for Block 3 Brough Road?

The Sub Registrar Office for Block 3 Brough Road is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009. You can find more information through the provided link.