Guideline Value for Block 5 Brough Road

Block 5 Brough Road guideline value

The current guideline value of Block 5 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, classified as Commercial Special Type - I.

How the guideline value of Block 5 Brough Road has changed

The guideline value for Block 5 Brough Road has seen several revisions over the years. In 2002, the guideline value was Rs 1,115 per sq.ft, which increased to Rs 1,250 per sq.ft in 2003. The value remained unchanged until 2007, when it jumped to Rs 1,250 per sq.ft again. By 2012, the value rose to Rs 6,000 per sq.ft, but then decreased to Rs 4,020 per sq.ft in 2017. The value saw a significant increase to Rs 6,000 per sq.ft in 2023, and finally, it reached Rs 6,600 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The most notable change was from 2007 to 2012, where it surged by 380%. Overall, from 2002 to 2024, the guideline value has increased by 492%. There are no figures available for the revisions in years other than those listed.

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. The median value in this area is Rs 1,100 per sq.ft, placing Block 5 Brough Road's 2024 figure significantly above that median.

• Block 5 Kalaimagal School Road: Rs 2,200 per sq.ft (2024)
• Block 4 Pavadai Street: Rs 1,100 per sq.ft (2024)
• Block 5 Pavadai Street: Rs 1,100 per sq.ft (2024)
• Block 4 Muthusamy Sandu: Rs 1,100 per sq.ft (2024)
• Block 4 E.V.Nanjappa Road: Rs 3,300 per sq.ft (2024)
• Block 6 Brough Road: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Block 5 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 amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 5 Brough Road?

The Sub Registrar Office that covers Block 5 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 further assistance.

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

The guideline value plays a crucial role in property transactions within Ward B. It is used to determine the stamp duty and registration fees that are applicable when buying or selling a property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to be aware of the guideline value to avoid any discrepancies in the payment of duties and fees. This ensures a smooth transaction process and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Block 5 Brough Road?

The current guideline value of Block 5 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, reflecting an overall increase of 492% over the years.

What is the registration fee for properties in Block 5 Brough Road?

The registration fee is calculated at 2% of the guideline value. For example, for a property valued at Rs 66,00,000, the registration fee would be Rs 1,32,000.

Where can I find the Sub Registrar Office for Block 5 Brough Road?

The Sub Registrar Office for Block 5 Brough Road is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in Ward B?

Stamp duty is calculated at 7% of the higher value between the guideline value and the sale price of the property. For example, for a property with a guideline value of Rs 66,00,000, the stamp duty would be Rs 4,62,000.