Guideline Value for Block 6 Cauvery Main Road

Block 6 Cauvery Main Road guideline value

The current guideline value of Block 6 Cauvery Main Road is Rs 1,925 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Block 6 Cauvery Main Road has changed

The guideline value for Block 6 Cauvery Main Road has seen several revisions over the years. In 2002, the value was Rs 278 per sq.ft, which increased to Rs 312 per sq.ft in 2003. Following this, the value rose significantly to Rs 600 per sq.ft in 2007, marking an increase of 92% from the previous revision. The value remained at Rs 600 per sq.ft until 2012, when it jumped to Rs 1,750 per sq.ft, reflecting a substantial increase of 192%.

In 2017, the guideline value was revised to Rs 1,172 per sq.ft, which was a decrease of 33% from the previous figure. The value then increased again to Rs 1,750 per sq.ft in 2023, before reaching the current guideline value 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 592%.

Guideline values in Ward D

In Ward D, there are a total of 200 streets that carry a guideline value for 2024, ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 798 per sq.ft, placing Block 6 Cauvery Main Road's 2024 figure above this median.

• Block 6 Chinna Mariamman Koil Street: Rs 771 per sq.ft (2024)
• Block 5 Veerappa Street: Rs 771 per sq.ft (2024)
• Block 5 Sengutuvan Lane: Rs 770 per sq.ft (2024)
• Block 6 Kamatchiamman Kovil Lane: Rs 771 per sq.ft (2024)
• Block 6 Kamatchiamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 5 Ponnusamy Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 Cauvery Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total 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, bringing the total cost together to Rs 1,73,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 6 Cauvery Main Road?

The Sub Registrar Office that covers Block 6 Cauvery Main 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 is a crucial factor during the registration process of property transactions in Ward D. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential for buyers to be aware of the guideline value to ensure they are making informed decisions and complying with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Block 6 Cauvery Main Road?

The current guideline value of Block 6 Cauvery Main Road is Rs 1,925 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 278 per sq.ft in 2002 to Rs 1,925 per sq.ft in 2024, representing an overall increase of 592%.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Block 6 Cauvery Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this property?

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

How does the guideline value affect property transactions?

The guideline value affects property transactions by setting a minimum registration value, which is used to calculate stamp duty and registration fees. It ensures compliance with legal requirements during the buying and selling process.