Guideline Value for Block 37 Cutcheri Street

Block 37 Cutcheri Street guideline value

The current guideline value of Block 37 Cutcheri Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO and is classified as Commercial Class I Type - I.

How the guideline value of Block 37 Cutcheri Street has changed

The guideline value for Block 37 Cutcheri Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in 2017. The 2023 revision saw an increase to Rs 4,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the changes are notable. From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. The median value for these streets is Rs 1,375 per sq.ft, and Block 37 Cutcheri Street's 2024 value is above this median.

• Block 37 Annaji Street: Rs 3,300 per sq.ft (2024)
• Block 37 Muthurangam Street: Rs 3,300 per sq.ft (2024)
• Block 36 Thiruvenkata Street: Rs 3,300 per sq.ft (2024)
• Block 37 Nethaji Street: Rs 4,400 per sq.ft (2024)
• Block 36 Nethaji Road Part 1: Rs 2,750 per sq.ft (2024)
• Block 37 Pon Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Block 37 Cutcheri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 37 Cutcheri Street?

The Sub Registrar Office that covers Block 37 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 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 determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered alongside the sale price to calculate the applicable duties. If the sale price is higher than the guideline value, the stamp duty is charged on the sale price; otherwise, it is based on the guideline value.

Frequently asked questions

What is the current guideline value of Block 37 Cutcheri Street?

The current guideline value of Block 37 Cutcheri Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Block 37 Cutcheri Street?

Block 37 Cutcheri Street is classified as Commercial Class I Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Block 37 Cutcheri Street?

The Erode Joint I Sub Registrar Office handles registrations for Block 37 Cutcheri Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.