Guideline Value for Block 7 Brough Road

Block 7 Brough Road guideline value

The current guideline value of Block 7 Brough Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Ward B village and falls under the Erode Joint I SRO. The land classification for this area is Commercial Special Type - I.

How the guideline value of Block 7 Brough Road has changed

The guideline value for Block 7 Brough Road has seen several revisions over the years. In 2002, the value was Rs 1,234 per sq.ft, which increased to Rs 1,383 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 1,500 per sq.ft in 2007, reflecting an 8% increase. A significant jump occurred in 2012 when the value reached Rs 6,000 per sq.ft, representing a 300% increase from the previous revision. However, this was followed by a decrease to Rs 4,020 per sq.ft in 2017, a decline of 33%.

From 2017 to 2023, the guideline value increased significantly to Rs 6,000 per sq.ft, a rise of 49%. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, indicating a 10% increase from the previous year. The overall change from 2002 to 2024 shows a substantial increase of 435% in the guideline value for this street.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Block 7 Brough Road's current figure above this median.

• Block 7 Chinnappa Street: Rs 1,100 per sq.ft (2024)
• Block 6 Vamalai Street: Rs 771 per sq.ft (2024)
• Block 7 Mosuvana Kadu: Rs 825 per sq.ft (2024)
• Block 7 Mosuvana Lane: Rs 825 per sq.ft (2024)
• Block 7 Mosuvana Street: Rs 825 per sq.ft (2024)
• Block 7 Muthusamy Lane: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 7 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 would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for stamp duty and registration would be Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 7 Brough Road?

The Sub Registrar Office that covers Block 7 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 plays a crucial role in the registration process when buying or selling property in Ward B. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher. Therefore, understanding the guideline value is essential for both buyers and sellers to ensure compliance with legal requirements.

When a property is registered, the guideline value is referenced to assess the appropriate fees. This helps in maintaining transparency in property transactions and ensures that the government receives the correct revenue from property sales.

Frequently asked questions

What is the current guideline value of Block 7 Brough Road?

The current guideline value of Block 7 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 increased from Rs 1,234 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 435% across the revisions.

What are the stamp duty and registration fees for properties in Block 7 Brough Road?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Where can I find the Sub Registrar Office for Block 7 Brough Road?

The Sub Registrar Office for Block 7 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 7 Brough Road?

The land classification for Block 7 Brough Road is Commercial Special Type - I, indicating its designated use for commercial purposes.