Guideline Value for Block 7 Cutcheri Street

Block 7 Cutcheri Street guideline value

The current guideline value of Block 7 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, classified as Residential Class I Type - II.

How the guideline value of Block 7 Cutcheri Street has changed

The guideline value for Block 7 Cutcheri Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, which is a 10% increase from the 2023 revision of Rs 1,500 per sq.ft. Prior to that, in 2017, the guideline value was Rs 1,005 per sq.ft, reflecting a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a guideline value of Rs 1,500 per sq.ft, which was a decrease of 33% from 2017.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 825 per sq.ft, placing Block 7 Cutcheri Street's 2024 figure above that median.

• Block 7 Court Street (or) Periyar Street: Rs 1,100 per sq.ft (2024)
• Block 7 Mandapam Street: Rs 1,375 per sq.ft (2024)
• Block 7 Azath Street: Rs 825 per sq.ft (2024)
• Block 7 Angamuthu Pillai Street: Rs 771 per sq.ft (2024)
• Block 7 Nethaji Street: Rs 1,925 per sq.ft (2024)
• Block 6 Vannara Street (Porkai Pandiyan Street): Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 7 Cutcheri Street

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

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

Which Sub Registrar Office covers Block 7 Cutcheri Street?

Block 7 Cutcheri Street is covered by 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 further assistance.

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 applicable to the transaction, ensuring that both buyers and sellers are aware of the financial obligations involved.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both parties to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Block 7 Cutcheri Street?

The current guideline value of Block 7 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 undergone several revisions, increasing from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024. It was Rs 1,005 per sq.ft in 2017, and Rs 1,500 per sq.ft in 2012.

What is the stamp duty for properties in Block 7 Cutcheri Street?

The stamp duty for properties in Block 7 Cutcheri Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Block 7 Cutcheri Street located?

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

What is the median guideline value in Ward E?

The median guideline value in Ward E is Rs 825 per sq.ft, with Block 7 Cutcheri Street's 2024 figure of Rs 1,650 per sq.ft being above this median.