Guideline Value for Block 8 Cutcheri Street

Block 8 Cutcheri Street guideline value

The current guideline value of Block 8 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 and is classified as Residential Class I Type - II.

How the guideline value of Block 8 Cutcheri Street has changed

The guideline value for Block 8 Cutcheri Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,500 per sq.ft. In 2017, it changed to Rs 1,005 per sq.ft, representing a decrease of 33%. Following that, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then to Rs 1,650 per sq.ft in 2024, marking a 10% increase.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, 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 that have a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 8 Cutcheri Street is above this median.

• Block 8 Court Street (Periyar Street) Part-1: Rs 1,100 per sq.ft (2024)
• Block 8 East Okkiliyar Street (Kambar Street): Rs 771 per sq.ft (2024)
• Block 8 Jothi Street: Rs 771 per sq.ft (2024)
• Block 7 Uppukinar Street: Rs 771 per sq.ft (2024)
• Block 8 Mandapam Street: Rs 1,375 per sq.ft (2024)
• Block 8 Nachinarkiniyar Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 8 Cutcheri Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 16,50,000. The stamp duty at 7% amounts to Rs 1,15,500, and the registration fee at 2% is 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 or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 8 Cutcheri Street?

The Sub Registrar Office that covers Block 8 Cutcheri Street 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 further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Ward E. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Block 8 Cutcheri Street?

The current guideline value of Block 8 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 changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Block 8 Cutcheri Street?

Block 8 Cutcheri Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Block 8 Cutcheri Street?

The Sub Registrar Office for Block 8 Cutcheri Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in Block 8 Cutcheri Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.