Guideline Value for Block 38 Cutcheri Street

Block 38 Cutcheri Street guideline value

The current guideline value of Block 38 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, classified as Commercial Class I Type - I.

How the guideline value of Block 38 Cutcheri Street has changed

Over the years, the guideline value of Block 38 Cutcheri Street has seen several revisions. The earliest revision available is from 2012, where the guideline value was Rs 4,000 per sq.ft. This was followed by a decrease to Rs 2,680 per sq.ft in 2017. In 2023, the value increased to Rs 4,000 per sq.ft, and the most recent revision in 2024 set it at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 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, with guideline values for 2024 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 38 Cutcheri Street's 2024 figure above that median.

• Block 38 Brough Road: Rs 5,500 per sq.ft (2024)
• Block 38 Muthurangam Street: Rs 3,300 per sq.ft (2024)
• Block 38 Annaji Street: Rs 3,300 per sq.ft (2024)
• Block 38 Nethaji Road: Rs 4,400 per sq.ft (2024)
• Block 37 Sivashanmugam Street: Rs 3,300 per sq.ft (2024)
• Block 38 Prakasham Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Block 38 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 would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 38 Cutcheri Street?

The Sub Registrar Office covering Block 38 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 details.

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

The guideline value is a critical factor during the registration of property transactions in Ward C. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It is essential to understand that the stamp duty is calculated on the higher of the guideline value or the sale price, which impacts the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Block 38 Cutcheri Street?

The current guideline value of Block 38 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 38 Cutcheri Street?

Block 38 Cutcheri Street is classified as Commercial Class I Type - I.

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

The Sub Registrar Office for Block 38 Cutcheri Street 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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.