Guideline Value for Block 7 Cauvery Road Main Road Part 3

Block 7 Cauvery Road Main Road Part 3 guideline value

The current guideline value for Block 7 Cauvery Road Main Road Part 3 is Rs 1,925 per sq.ft, effective from 1 July 2024. This property is located in Ward C under the Erode Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Block 7 Cauvery Road Main Road Part 3 has changed

The guideline value for Block 7 Cauvery Road Main Road Part 3 has seen several revisions over the years. In 2002, the guideline value was Rs 295 per sq.ft, which increased to Rs 331 per sq.ft in 2003, marking a 12% increase. The value then rose significantly to Rs 750 per sq.ft in 2007, representing a 127% increase. Following this, the value jumped to Rs 1,750 per sq.ft in 2012, a substantial increase of 133%. However, it decreased to Rs 1,172 per sq.ft in 2017, a decline of 33%. The value climbed to Rs 1,750 per sq.ft again in 2023, before reaching the current rate 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 553%. The register has no figure for this street for the years not mentioned in the revisions above.

Guideline values in Ward C

In Ward C, there are a total of 250 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 7 Cauvery Road Main Road Part 3 is above this median.

• Block 7 Ganapathipuram Part 2: Rs 825 per sq.ft (2024)
• Block 6 Vinayagar Kovil Street: Rs 772 per sq.ft (2024)
• Block 6 Veeraboyan Street: Rs 770 per sq.ft (2024)
• Block 7 K.N.Kuppusamy Road: Rs 1,375 per sq.ft (2024)
• Block 6 Ranga Street: Rs 770 per sq.ft (2024)
• Block 6 PoonKundranar St: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 7 Cauvery Road Main Road Part 3

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total guideline value would be 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, making a total of Rs 1,73,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Block 7 Cauvery Road Main Road Part 3?

The Sub Registrar Office that covers Block 7 Cauvery Road Main Road Part 3 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 C

The guideline value is a crucial factor during property transactions in Ward C, as it determines the stamp duty and registration fees applicable for the property. When a buyer or seller registers a property, the guideline value is used to calculate these fees, ensuring compliance with the regulations set by the Registration Department.

It is essential for buyers and sellers to be aware of the guideline value, as it can significantly impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Block 7 Cauvery Road Main Road Part 3?

The current guideline value for Block 7 Cauvery Road Main Road Part 3 is Rs 1,925 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 295 per sq.ft in 2002 to Rs 1,925 per sq.ft in 2024, reflecting an overall increase of 553% over the years.

What is the registration office for Block 7 Cauvery Road Main Road Part 3?

The registration office for Block 7 Cauvery Road Main Road Part 3 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,25,000, the stamp duty would be Rs 1,34,750 and the registration fee would be Rs 38,500, totaling Rs 1,73,250.

Where can I find more information about stamp duty and registration fees?

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