Guideline Value for Block 36 Brough Road Part 1

Block 36 Brough Road Part 1 guideline value

The current guideline value of Block 36 Brough Road Part 1 is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in Ward C village under the Erode Joint I SRO, and is classified as Commercial Special Type - II.

How the guideline value of Block 36 Brough Road Part 1 has changed

The guideline value for Block 36 Brough Road Part 1 has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 1,440 per sq.ft. This figure increased to Rs 1,613 per sq.ft in 2003, marking a 12% rise. The subsequent revisions show a significant increase, with the 2007 revision setting the value at Rs 2,000 per sq.ft, which was a 24% increase from the previous year. However, the 2012 revision saw a decrease to Rs 6,000 per sq.ft, representing a 33% drop. The value then increased again to Rs 4,020 per sq.ft in 2017, showing a 49% increase from the 2012 figure. The 2023 revision set the value at Rs 6,000 per sq.ft, and the latest revision in 2024 has raised it to Rs 6,600 per sq.ft, reflecting a 10% increase.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 36 Brough Road Part 1 above this median.

• Block 35 West Anumantharayar Kovil Street Part 1: Rs 2,750 per sq.ft (2024)
• Block 36 East Anumantharayan St: Rs 2,750 per sq.ft (2024)
• Block 35 Thiruvenkatasamy Street: Rs 3,300 per sq.ft (2024)
• Block 36 Easwaran Kovil Street: Rs 4,400 per sq.ft (2024)
• Block 35 South Anumantharayar Kovil Street Part 1: Rs 2,750 per sq.ft (2024)
• Block 36 Muthuranga Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Block 36 Brough Road Part 1

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, 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, bringing the total fees to 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 36 Brough Road Part 1?

The Sub Registrar Office that covers Block 36 Brough Road Part 1 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 C

The guideline value is a crucial factor in the registration of property transactions in Ward C. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for tax purposes. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Block 36 Brough Road Part 1?

The current guideline value of Block 36 Brough Road Part 1 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 significantly from Rs 1,440 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 358% over the years.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total guideline value is 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, totaling Rs 5,94,000.

Which Sub Registrar Office covers this area?

The Erode Joint I Sub Registrar Office covers Block 36 Brough Road Part 1, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the land classification for Block 36 Brough Road Part 1?

Block 36 Brough Road Part 1 is classified as Commercial Special Type - II, which is important for understanding the zoning and usage of the property.