Guideline Value for Block 8 Cauvery Road Main Road

Block 8 Cauvery Road Main Road guideline value

The current guideline value of Block 8 Cauvery Road 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 8 Cauvery Road Main Road has changed

Since the 2002 revision, the guideline value for Block 8 Cauvery Road Main Road has seen significant changes. In 2002, the guideline value was Rs 656 per sq.ft, which increased to Rs 737 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 1,000 per sq.ft in 2007, reflecting a 36% increase. Following this, the 2012 revision saw the value drop to Rs 1,750 per sq.ft, a decrease of 33%. In 2017, the value increased to Rs 1,172 per sq.ft, and then in 2023, it rose to Rs 1,750 per sq.ft, 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 193%. The register has no figures for the years not mentioned above.

Guideline values in Ward D

In Ward D, there are approximately 200 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 798 per sq.ft, making the guideline value for Block 8 Cauvery Road Main Road above this median.

• Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street: Rs 770 per sq.ft (2024)
• Block 7 Vanniya Kula Chatriyar Street OR Cauvery Street OR Karikalan Street: Rs 770 per sq.ft (2024)
• Block 7 Vamalai Street: Rs 771 per sq.ft (2024)
• Block 7 Sekkizhar Street: Rs 770 per sq.ft (2024)
• Block 8 Karikalan Theru: Rs 770 per sq.ft (2024)
• Block 7 New Cauvery Road Lane: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 8 Cauvery Road Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,925 per sq.ft, the 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, totaling Rs 1,73,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 8 Cauvery Road Main Road?

The Sub Registrar Office that covers Block 8 Cauvery Road 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 here.

How the guideline value is used when you buy or sell in Ward D

The guideline value is essential when registering property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay during the registration process.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process is aligned with the established guideline values.

Frequently asked questions

What is the current guideline value of Block 8 Cauvery Road Main Road?

The current guideline value of Block 8 Cauvery Road Main Road 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 significantly from Rs 656 per sq.ft in 2002 to Rs 1,925 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 19,25,000, with stamp duty at Rs 1,34,750 and registration fees at Rs 38,500, totaling Rs 1,73,250.

Which office handles the registration for Block 8 Cauvery Road Main Road?

The Erode Joint I Sub Registrar Office handles the registration for Block 8 Cauvery Road Main Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 8 Cauvery Road Main Road?

The land classification for Block 8 Cauvery Road Main Road is Residential Class I Type - I, indicating its suitability for residential purposes.