Guideline Value for Block 6 Brough Road

Block 6 Brough Road guideline value

The current guideline value of Block 6 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 6 Brough Road has changed

The guideline value for Block 6 Brough Road has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 1,116 per sq.ft. This value increased to Rs 1,251 per sq.ft in 2003, marking a 12% rise. Following that, in 2007, the rate jumped significantly to Rs 1,500 per sq.ft, representing a 20% increase. The value then saw a dramatic increase to Rs 6,000 per sq.ft in 2012, which was a 300% rise. However, it decreased to Rs 4,020 per sq.ft in 2017, reflecting a 33% decline. The guideline value then rose to Rs 6,000 per sq.ft in 2023, and finally, it reached Rs 6,600 per sq.ft in 2024, marking a 10% increase from the previous year.

The overall change from 2002 to 2024 shows a substantial increase of 491%. There are no figures available for other years for this street in the register.

Guideline values in Ward B

In Ward B, the guideline values range from Rs 770 to Rs 6,600 per sq.ft as of 2024, with a median value of Rs 1,100 per sq.ft. The guideline value for Block 6 Brough Road is notably above this median.

• Block 6 Kalaimagal School Road: Rs 1,375 per sq.ft (2024)
• Block 5 Pavadai Street: Rs 1,100 per sq.ft (2024)
• Block 5 Kalaimagal School Road: Rs 2,200 per sq.ft (2024)
• Block 5 Brough Road: Rs 6,600 per sq.ft (2024)
• Block 6 Vamalai Street: Rs 771 per sq.ft (2024)
• Block 7 Brough Road: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 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, totaling Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Block 6 Brough Road?

The Sub Registrar Office that covers Block 6 Brough Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the 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 an essential factor when registering a property in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps establish the minimum price at which the property can be registered. This ensures that the government receives the appropriate revenue through stamp duties and registration fees based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Block 6 Brough Road?

The current guideline value of Block 6 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 significantly from Rs 1,116 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 491% over this period.

What is the stamp duty for properties in Block 6 Brough Road?

The stamp duty for properties in Block 6 Brough Road is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000.

Where is the Sub Registrar Office for Block 6 Brough Road located?

The Sub Registrar Office for Block 6 Brough Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 6 Brough Road?

Block 6 Brough Road is classified as Commercial Special Type - I, which influences its guideline value and potential uses.