Guideline Value for Block 4 Cutcheri Street

Block 4 Cutcheri Street guideline value

The current guideline value of Block 4 Cutcheri Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO, classified as Commercial Class I Type - II.

How the guideline value of Block 4 Cutcheri Street has changed

The guideline value for Block 4 Cutcheri Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 3,000 per sq.ft. The current revision in 2024 sees another increase of 10%, bringing the guideline value to Rs 3,300 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing Block 4 Cutcheri Street's 2024 figure above that median.

• Block 4 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 3 Sunnambukara Street: Rs 825 per sq.ft (2024)
• Block 4 State Bank Road (Poombuhar Road): Rs 1,375 per sq.ft (2024)
• Block 3 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 5 Cutcheri Street: Rs 1,650 per sq.ft (2024)
• Block 3 Chidamparam Colony: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Cutcheri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, these fees would total Rs 2,97,000. It is essential to note that the 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 4 Cutcheri Street?

The Sub Registrar Office that covers Block 4 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 E

The guideline value plays a crucial role in the registration process of property transactions in Ward E. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for legal compliance and are based on the higher of the guideline value or the sale price, ensuring that all transactions adhere to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Block 4 Cutcheri Street?

The current guideline value of Block 4 Cutcheri Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. It was Rs 2,010 per sq.ft in 2017, and Rs 3,000 per sq.ft in 2012, with a significant increase of 49% from 2017 to 2023.

What is the classification of Block 4 Cutcheri Street?

Block 4 Cutcheri Street is classified as Commercial Class I Type - II under the Erode Joint I SRO.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Block 4 Cutcheri Street located?

The Sub Registrar Office for Block 4 Cutcheri Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.