Guideline Value

Corporate

Guideline Value for Block 1 Kandhappa Street

₹1100/sq.ft.

The guideline value for Block 1 Kandhappa Street in Ward E village (Erode Joint I SRO, Coimbatore zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward E

Village

Erode Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹387 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹342 /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 Kandhappa Street

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Block 1 Kandhappa Street guideline value

The current guideline value of Block 1 Kandhappa Street, located in Ward E village under the Erode Joint I SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This classification falls under Residential Class II Type - I.

How the guideline value of Block 1 Kandhappa Street has changed

The guideline value for Block 1 Kandhappa Street has seen several revisions over the years. In 2002, the value was Rs 342 per sq.ft, which increased to Rs 387 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 400 per sq.ft in 2007, a change of +3%. Following this, the 2012 revision set the value at Rs 1,000 per sq.ft, reflecting a significant increase of +150%. However, in 2017, the value dropped to Rs 670 per sq.ft, a decrease of -33%. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the most recent 2024 revision set it at Rs 1,100 per sq.ft, an increase of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +222%. It is important to note that there are no figures available for the years not mentioned in the register for this street.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry 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 1 Kandhappa Street is above this median.

Stamp duty and registration fee for property in Block 1 Kandhappa Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 1 Kandhappa Street?

The Sub Registrar Office that covers Block 1 Kandhappa 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 a critical factor when registering property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is bought or sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official register. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Block 1 Kandhappa Street?

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

How has the guideline value changed over the years?

Since 2002, the guideline value has seen significant changes, increasing from Rs 342 per sq.ft to Rs 1,100 per sq.ft in 2024, which is a total increase of +222% over the years.

What is the registration office for Block 1 Kandhappa Street?

The registration office for Block 1 Kandhappa Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in Block 1 Kandhappa Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be calculated at 7% of this amount.

What other streets in Ward E have similar guideline values?

Other streets in Ward E, such as Block 1 E.C.Muthusamy Gounder Lay-out and Block 1 Muthusamy Gounder Lane, also have a guideline value of Rs 1,100 per sq.ft in 2024, indicating a consistent value in the area.