Guideline Value for Block 35 Brough Road Part 1

Block 35 Brough Road Part 1 guideline value

The current guideline value of Block 35 Brough Road Part 1 is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Ward C, under the Erode Joint I SRO, and is classified as Commercial Special Type - III.

How the guideline value of Block 35 Brough Road Part 1 has changed

The guideline value for Block 35 Brough Road Part 1 has undergone several revisions since 2002. The earliest recorded figure in the register is from 2002, which was Rs 1,289 per sq.ft. This increased to Rs 1,444 per sq.ft in 2003, marking a rise of 12%. The value then saw a modest increase to Rs 1,500 per sq.ft in 2007, which was a growth of 4% from the previous year. Following this, the value surged to Rs 5,000 per sq.ft in 2012, reflecting a significant increase of 233%. However, it decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, which was a 49% increase. The latest revision in 2024 has set the guideline value at Rs 5,500 per sq.ft, a 10% increase from the previous year.

Guideline values in Ward C

In Ward C, there are 250 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 of Rs 1,375 per sq.ft. The guideline value for Block 35 Brough Road Part 1 is notably above this median.

• Block 34 Thiruvenkatasamy Street: Rs 2,750 per sq.ft (2024)
• Block 35 East Anumantharayan Kovil Street: Rs 2,750 per sq.ft (2024)
• Block 34 Sivanachariar Road: Rs 2,750 per sq.ft (2024)
• Block 35 Easwaran Kovil Street Part: Rs 4,400 per sq.ft (2024)
• Block 34 N.M.S. Layout: Rs 2,200 per sq.ft (2024)
• Block 35 Nethaji Street Part 1: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Block 35 Brough Road Part 1

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 35 Brough Road Part 1?

The Sub Registrar Office that covers Block 35 Brough Road Part 1 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 C

The guideline value plays a crucial role in the registration process when buying or selling property in Ward C. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When a property is sold, the guideline value is used to determine the minimum value on which stamp duty is calculated. This means that if the sale price is lower than the guideline value, the stamp duty will be charged based on the guideline value instead.

Frequently asked questions

What is the current guideline value for Block 35 Brough Road Part 1?

The current guideline value for Block 35 Brough Road Part 1 is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,289 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 327% over the years.

What are the other streets in Ward C and their guideline values?

Other streets in Ward C include Block 34 Thiruvenkatasamy Street, Block 35 East Anumantharayan Kovil Street, Block 34 Sivanachariar Road, Block 35 Easwaran Kovil Street Part, Block 34 N.M.S. Layout, and Block 35 Nethaji Street Part 1, with values ranging from Rs 2,200 to Rs 4,400 per sq.ft in 2024.

How is the stamp duty calculated for properties in Block 35 Brough Road Part 1?

Stamp duty for properties in Block 35 Brough Road Part 1 is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 3,85,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Block 35 Brough Road Part 1?

The Sub Registrar Office for Block 35 Brough Road Part 1 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009. You can find more details by visiting the provided link.