Guideline Value for Block 9 Cutcheri Street

Block 9 Cutcheri Street guideline value

The current guideline value of Block 9 Cutcheri Street is Rs 1,100 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 II Type - I.

How the guideline value of Block 9 Cutcheri Street has changed

The guideline value for Block 9 Cutcheri Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 670 per sq.ft. The register has no figure for this street for the years 2002, 2003, and 2007.

In 2023, the guideline value was revised to Rs 1,000 per sq.ft, and the latest revision in 2024 increased it to Rs 1,100 per sq.ft, marking a 10% increase. 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 with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing Block 9 Cutcheri Street's 2024 figure above that median.

• Block 9 Court Street (Periyar Street) Part-2: Rs 1,100 per sq.ft (2024)
• Block 9 East Okkiliyar Street: Rs 771 per sq.ft (2024)
• Block 9 Moydhin Sagip Street: Rs 1,100 per sq.ft (2024)
• Block 8 South Okkiliyar Steet (Kopperundevi Street): Rs 771 per sq.ft (2024)
• Block 8 North Okkiliar Street, Arulmozhi theru: Rs 772 per sq.ft (2024)
• Block 8 Nethaji Street: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Block 9 Cutcheri Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 9 Cutcheri Street?

The Sub Registrar Office that covers Block 9 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 more information.

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

The guideline value is an important factor in property transactions, as it determines the basis for calculating stamp duty and registration fees. When buying or selling a property in Ward E, the guideline value will be referenced to ensure that the correct fees are applied during registration.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the property registration process. This value serves as a benchmark for the legal documentation and financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Block 9 Cutcheri Street?

The current guideline value of Block 9 Cutcheri Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, marking a 10% increase. The value was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012, showing significant changes over the years.

What is the land classification for Block 9 Cutcheri Street?

Block 9 Cutcheri Street is classified as Residential Class II Type - I, which indicates its designated use for residential purposes.

Where can I find the registration office for this street?

The registration office for Block 9 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 9 Cutcheri Street?

The stamp duty for properties in Block 9 Cutcheri Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot has a guideline value of Rs 11,00,000, leading to a stamp duty of Rs 77,000 at 7%.