Guideline Value for Block 38 Brough Road

Block 38 Brough Road guideline value

The current guideline value of Block 38 Brough Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Ward C village under the Erode Joint I SRO, classified as Commercial Special Type - III.

How the guideline value of Block 38 Brough Road has changed

The guideline value for Block 38 Brough Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,424 per sq.ft. This increased to Rs 1,595 per sq.ft in 2003, marking a 12% rise. The value then rose by 25% to reach Rs 2,000 per sq.ft in 2007. In 2012, the value was revised to Rs 5,000 per sq.ft, reflecting a significant 150% increase. However, it dropped by 33% to Rs 3,350 per sq.ft in 2017. The value further increased by 49% to Rs 5,000 per sq.ft in 2023, and finally, it rose by 10% to the current value of Rs 5,500 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 286%. There are no figures available for other years in the register for this street.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with guideline values for 2024 ranging from Rs 770 to Rs 7,700 per sq.ft. The median value is Rs 1,375 per sq.ft, placing Block 38 Brough Road's 2024 figure above this median.

• Block 38 Annaji Street: Rs 3,300 per sq.ft (2024)
• Block 38 Cutcheri Street: Rs 4,400 per sq.ft (2024)
• Block 37 Sivashanmugam Street: Rs 3,300 per sq.ft (2024)
• Block 38 Muthurangam Street: Rs 3,300 per sq.ft (2024)
• Block 37 Prakasham Street: Rs 3,300 per sq.ft (2024)
• Block 38 Nethaji Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Block 38 Brough Road

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the 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, totaling 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 38 Brough Road?

The Sub Registrar Office covering Block 38 Brough 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 C

The guideline value is a critical factor in the registration process when buying or selling property in Ward C. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both buyers and sellers. This value is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Block 38 Brough Road?

The current guideline value of Block 38 Brough Road 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 significantly, starting from Rs 1,424 per sq.ft in 2002 and reaching Rs 5,500 per sq.ft in 2024, an overall increase of 286%.

What is the land classification for Block 38 Brough Road?

Block 38 Brough Road is classified as Commercial Special Type - III, which influences its guideline value and potential uses.

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

The Sub Registrar Office for Block 38 Brough 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 Ward C?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the stamp duty would be calculated accordingly.