Guideline Value for Block 4 Brough Road

Block 4 Brough Road guideline value

The current guideline value for Block 4 Brough Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in Ward B village under the Erode Joint I SRO and is classified as Commercial Special Type - I.

How the guideline value of Block 4 Brough Road has changed

The guideline value for Block 4 Brough Road has seen several revisions over the years. In 2002, the value was Rs 1,115 per sq.ft, which increased to Rs 1,250 per sq.ft in both 2003 and 2007. The value then surged to Rs 6,000 per sq.ft in 2012, before dropping to Rs 4,020 per sq.ft in 2017. The value rose again to Rs 6,000 per sq.ft in 2023 and has now reached Rs 6,600 per sq.ft in 2024.

Specifically, the changes between these revisions include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017. The most significant rise occurred from 2007 to 2012, with a 380% increase. Overall, from 2002 to 2024, the guideline value has increased by 492%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Block 4 Brough Road is significantly above this median.

• Block 4 E.V.Nanjappa Road: Rs 3,300 per sq.ft (2024)
• Block 3 Ramasamy Street: Rs 1,650 per sq.ft (2024)
• Block 3 Perundurai Road: Rs 4,400 per sq.ft (2024)
• Block 3 Palaniappa Street: Rs 2,200 per sq.ft (2024)
• Block 4 Muthusamy Sandu: Rs 1,100 per sq.ft (2024)
• Block 3 Muthukaruppa Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Brough Road

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, and the registration fee at 2% would be Rs 1,32,000, together totaling Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 4 Brough Road?

The Sub Registrar Office that covers Block 4 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 B

The guideline value is a crucial factor in property transactions in Ward B, as it determines the stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the costs associated with property transactions.

When registering a property, the guideline value is used to assess the applicable duties, which are calculated based on either the guideline value or the sale price, whichever is higher. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Block 4 Brough Road?

The current guideline value for Block 4 Brough Road 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 from Rs 1,115 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 492% over the years.

What is the land classification for Block 4 Brough Road?

Block 4 Brough Road is classified as Commercial Special Type - I, which indicates its intended use for commercial activities.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Block 4 Brough Road is charged at 7%, while the registration fee is set at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Block 4 Brough Road located?

The Erode Joint I Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.