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Guideline Value

Corporate

Guideline Value for Block 1 Pumping station road 1 to 4

₹825/sq.ft.

The guideline value for Block 1 Pumping Station Road 1 To 4 in Ward A 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 A

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 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Pumping Station Road 1 To 4

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Block 1 Pumping station road 1 to 4 guideline value

The current guideline value for Block 1 Pumping station road 1 to 4 is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Ward A village, under the Erode Joint I SRO, and is classified as Residential Class II Type - II.

How the guideline value of Block 1 Pumping station road 1 to 4 has changed

Looking at the revisions, the guideline value for Block 1 Pumping station road 1 to 4 has seen several changes over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased to Rs 750 per sq.ft in 2012, marking an 88% rise. However, from 2012 to 2017, the value decreased to Rs 502 per sq.ft, a decline of 33%. The value then rose significantly to Rs 750 per sq.ft in 2023, which was a 49% increase, before reaching the current value of Rs 825 per sq.ft in 2024, reflecting a 10% increase.

The overall change from the 2007 revision to the current 2024 revision shows an increase of 106%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, indicating that the guideline value for Block 1 Pumping station road 1 to 4 is below this median.

Stamp duty and registration fee for property in Block 1 Pumping station road 1 to 4

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

Which Sub Registrar Office covers Block 1 Pumping station road 1 to 4?

The Sub Registrar Office covering Block 1 Pumping station road 1 to 4 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 when buying or selling property in Ward A. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that both parties are aware of the minimum value at which the property can be registered.

During the registration process, the guideline value helps determine the legal value of the property, which is essential for tax purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Block 1 Pumping station road 1 to 4?

The current guideline value for Block 1 Pumping station road 1 to 4 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 400 per sq.ft in 2007 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 106% over this period.

What is the land classification for Block 1 Pumping station road 1 to 4?

Block 1 Pumping station road 1 to 4 is classified as Residential Class II Type - II.

Where is the Sub Registrar Office located?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,25,000, the stamp duty would be Rs 57,750 at 7%.