Guideline Value

Corporate

Guideline Value for Block 1 O.M.R.Colony

₹1100/sq.ft.

The guideline value for Block 1 O.m.r.colony in Ward A 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 A

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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹247 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹105 /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]

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Block 1 O.M.R.Colony guideline value

The current guideline value of Block 1 O.M.R.Colony is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Block 1 O.M.R.Colony has changed

The guideline value for Block 1 O.M.R.Colony has seen several revisions over the years. In 2002, the guideline value was Rs 105 per sq.ft, which increased to Rs 247 per sq.ft in 2003, marking a significant rise of 135%. Following this, the value continued to increase, reaching Rs 500 per sq.ft in 2007, a 102% jump. The value then rose to Rs 1,000 per sq.ft in 2012, reflecting a 100% increase. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft. The value increased again to Rs 1,000 per sq.ft in 2023 and is now Rs 1,100 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 948%. There are no figures available for revisions in years not listed for this street.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO that have a 2024 guideline value range from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 1 O.M.R.Colony is below this median.

Stamp duty and registration fee for property in Block 1 O.M.R.Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be 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. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 1 O.M.R.Colony?

The Sub Registrar Office that covers Block 1 O.M.R.Colony 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 A

The guideline value is a crucial factor in the registration process when buying or selling property in Ward A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 1 O.M.R.Colony?

The current guideline value for Block 1 O.M.R.Colony 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 significantly, increasing from Rs 105 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 948% over the years.

What are the other streets in Ward A and their guideline values?

Other streets in Ward A have varying guideline values, with rates ranging from Rs 770 to Rs 1,100 per sq.ft in 2024.

How is stamp duty calculated for properties in Block 1 O.M.R.Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 11,00,000, resulting in a stamp duty of Rs 77,000.

Where can I find the Sub Registrar Office for Block 1 O.M.R.Colony?

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