Guideline Value for Block 5 Cutcheri Street

Block 5 Cutcheri Street guideline value

The current guideline value of Block 5 Cutcheri Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Block 5 Cutcheri Street has changed

The guideline value for Block 5 Cutcheri Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has raised it further to Rs 1,650 per sq.ft. It is important to note that the register has no figure for this street for the years 2002, 2003, and 2007.

Between the revisions, the changes in guideline value were significant. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest 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 5 Cutcheri Street's 2024 figure above that median.

• Block 5 Kristhuvar Kovil Street (Maraimalaiadigal Street): Rs 771 per sq.ft (2024)
• Block 5 Kristhuvar Kovil Street (Poombuhar Street): Rs 771 per sq.ft (2024)
• Block 5 Nethaji Street: Rs 1,925 per sq.ft (2024)
• Block 5 New Street: Rs 825 per sq.ft (2024)
• Block 4 State Bank Road (Poombuhar Road): Rs 1,375 per sq.ft (2024)
• Block 5 Oppanakara Street (Kundhavai Street): Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 5 Cutcheri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, these would total Rs 1,48,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Block 5 Cutcheri Street?

The Sub Registrar Office that covers Block 5 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 is a crucial factor when registering property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When engaging in a property transaction, it is essential to be aware that the guideline value will influence the overall cost of the transaction. Buyers and sellers should ensure they are informed about the current guidelines to avoid any unexpected charges during the registration process.

Frequently asked questions

What is the current guideline value of Block 5 Cutcheri Street?

The current guideline value of Block 5 Cutcheri Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,650 per sq.ft in 2024.

What is the land classification for Block 5 Cutcheri Street?

Block 5 Cutcheri Street is classified as Residential Class I Type - II.

Which Sub Registrar Office covers this street?

The Erode Joint I Sub Registrar Office covers Block 5 Cutcheri Street, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for property in Block 5 Cutcheri Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.