Guideline Value

Corporate

Guideline Value for Block 1 Cavuery Road Main Road

₹825/sq.ft.

The guideline value for Block 1 Cavuery Road Main Road in Ward C village (Erode Joint I SRO, Coimbatore zone) is Rs 825 per sq.ft, effective 1 July 2024. It was Rs 750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward C

Village

Erode Joint I

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹825 /sq.ft.
From 1-4-2023 ₹750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹249 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹222 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Annai Sathya Nagar, Iranian Street,rangapalayam,erode-638009
0424-2330032
[email protected]

DRO (District Registrar Office)

Dr Office Compound, Annasathya Nagar, Iraniyan Street, Rangampalayam, Erode - 638 009.
0424-2330031
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Block 1 Cavuery Road Main Road

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Block 1 Cavuery Road Main Road guideline value

The current guideline value for Block 1 Cavuery Road Main Road is Rs 825 per sq.ft, effective from 1 July 2024. This property is located in Ward C village under the Erode Joint I SRO and is classified as Residential Class II Type - II.

How the guideline value of Block 1 Cavuery Road Main Road has changed

The guideline value for Block 1 Cavuery Road Main Road has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 222 per sq.ft. This increased to Rs 249 per sq.ft in 2003, marking a 12% rise. The value continued to increase, reaching Rs 300 per sq.ft in 2007, a 20% increase from the previous revision. In 2012, the value was Rs 750 per sq.ft, reflecting a significant 150% increase from 2007. However, in 2017, the value dropped to Rs 502 per sq.ft, showing a decrease of 33%. The 2023 revision set the value at Rs 750 per sq.ft, and the latest revision in 2024 raised it to Rs 825 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 272%. There are no figures available for revisions in years other than those listed.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 1 Cavuery Road Main Road below the median.

Stamp duty and registration fee for property in Block 1 Cavuery Road Main Road

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, while the registration fee at 2% would be Rs 16,500, bringing the total to Rs 74,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 1 Cavuery Road Main Road?

The Sub Registrar Office covering Block 1 Cavuery Road Main Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the 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 the registration of property transactions in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When you register a property, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable duties and fees, ensuring that the transaction is accurately recorded in the official register.

Frequently asked questions

What is the current guideline value for Block 1 Cavuery Road Main Road?

The current guideline value for Block 1 Cavuery Road Main Road is Rs 825 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 222 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 272% over the years.

What is the registration fee for a property in Block 1 Cavuery Road Main Road?

The registration fee for a property in Block 1 Cavuery Road Main Road is 2% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 16,500.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for Block 1 Cavuery Road Main Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the purpose of the guideline value?

The guideline value is used as a reference for calculating stamp duty and registration fees during property transactions. It ensures that properties are registered accurately and that the appropriate duties are collected by the government.