Guideline Value

Corporate

Guideline Value for Block 1 Royal Lay out

₹771/sq.ft.

The guideline value for Block 1 Royal Lay Out in Ward C village (Erode Joint I SRO, Coimbatore zone) is Rs 771 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward C

Village

Erode Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹771 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹209 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹186 /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 Royal Lay Out

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Block 1 Royal Lay out guideline value

The current guideline value for Block 1 Royal Lay out is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward C village under the Erode Joint I SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Block 1 Royal Lay out has changed

The guideline value for Block 1 Royal Lay out has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 186 per sq.ft. This increased to Rs 209 per sq.ft in 2003, marking a 12% rise. The value then continued to rise, reaching Rs 300 per sq.ft in 2007, which was a 44% increase from the previous revision. In 2012, the value was Rs 500 per sq.ft, reflecting a 67% increase from 2007. However, it saw a decline to Rs 335 per sq.ft in 2017, which was a decrease of 33% from 2012. The 2023 revision set the value at Rs 700 per sq.ft, marking a significant increase of 109% from 2017. The most recent revision in 2024 has set the value at Rs 771 per sq.ft, which is a 10% increase from 2023.

There are no figures available for the revisions of this street in the years not mentioned. The overall increase from 2002 to 2024 is 315%, reflecting the changes in the guideline value over the years.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value range 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 Royal Lay out's 2024 figure below that median.

Stamp duty and registration fee for property in Block 1 Royal Lay out

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total to Rs 69,390. 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 1 Royal Lay out?

The Sub Registrar Office that covers Block 1 Royal Lay out 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 C

The guideline value is an essential factor in the registration process of property transactions in Ward C. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is crucial to be aware of the current guideline value to understand the financial implications of the transaction, including the applicable fees and duties.

Frequently asked questions

What is the current guideline value of Block 1 Royal Lay out?

The current guideline value of Block 1 Royal Lay out is Rs 771 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 186 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 315% over the years.

What is the registration fee for properties in Block 1 Royal Lay out?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 7,71,000, the registration fee would be Rs 15,420.

Where can I find the Erode Joint I SRO?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 7,71,000 would incur a stamp duty of Rs 53,970.