Guideline Value for Block 4 Cauvery Road

Block 4 Cauvery Road guideline value

The current guideline value of Block 4 Cauvery Road is Rs 1,925 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO, classified as Residential Class I Type - I.

How the guideline value of Block 4 Cauvery Road has changed

The guideline value for Block 4 Cauvery Road has seen several revisions over the years. In 2002, the guideline value was Rs 693 per sq.ft. This increased to Rs 777 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 1,000 per sq.ft in 2007, reflecting a 29% increase. Following this, the value jumped to Rs 1,750 per sq.ft in 2012, which was a significant 75% increase. However, it decreased to Rs 1,172 per sq.ft in 2017, showing a decline of 33%. The value then rose to Rs 1,750 per sq.ft in 2023, before reaching its current level of Rs 1,925 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 178%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value is Rs 798 per sq.ft, and Block 4 Cauvery Road's current figure is above this median.

• Block 4 Chinna Mariamman Koil Street: Rs 770 per sq.ft (2024)
• Block 4 Ayyamperumal Lane: Rs 770 per sq.ft (2024)
• Block 4 Arasilango Street: Rs 770 per sq.ft (2024)
• Block 3 Vaiyapuri Lane: Rs 770 per sq.ft (2024)
• Block 3 Vaikkal Marappalam Road: Rs 771 per sq.ft (2024)
• Block 4 Kumanan Street: Rs 770 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 1,925 per sq.ft, the guideline value amounts to Rs 19,25,000. The stamp duty at 7% would be Rs 1,34,750, and the registration fee at 2% would be Rs 38,500, totaling Rs 1,73,250. 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 4 Cauvery Road?

The Sub Registrar Office that covers Block 4 Cauvery 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 D

The guideline value plays a crucial role during the registration process of property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a buyer or seller registers a property, the guideline value is used to calculate the applicable duties and fees, ensuring that they are in line with the current market standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of Block 4 Cauvery Road?

The current guideline value of Block 4 Cauvery Road is Rs 1,925 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 693 per sq.ft in 2002 to Rs 1,925 per sq.ft in 2024, showing an overall increase of 178% over the years.

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

For a property valued at Rs 19,25,000, the stamp duty would be Rs 1,34,750 and the registration fee would be Rs 38,500, totaling Rs 1,73,250.

Which office handles property registrations for Block 4 Cauvery Road?

The Erode Joint I Sub Registrar Office handles property registrations for Block 4 Cauvery Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 4 Cauvery Road?

Block 4 Cauvery Road is classified as Residential Class I Type - I, indicating its suitability for residential development.