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Guideline Value

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Guideline Value for Block 1 Samiyappa Street 1 2 3 Main Road

₹770/sq.ft.

The guideline value for Block 1 Samiyappa Street 1 2 3 Main Road in Ward A village (Erode Joint I SRO, Coimbatore zone) is Rs 770 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 A

Village

Erode Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /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 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹319 /sq.ft.
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 Samiyappa Street 1 2 3 Main Road

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Block 1 Samiyappa Street 1 2 3 Main Road guideline value

The current guideline value for Block 1 Samiyappa Street 1 2 3 Main Road is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Ward A village and falls under the Erode Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Block 1 Samiyappa Street 1 2 3 Main Road has changed

The guideline value for Block 1 Samiyappa Street 1 2 3 Main Road has undergone several revisions over the years. The earliest figure available is from 2003, which was Rs 319 per sq.ft. This increased to Rs 400 per sq.ft in 2007, then rose to Rs 500 per sq.ft in 2012, before dropping to Rs 335 per sq.ft in 2017. The value saw a significant increase to Rs 700 per sq.ft in 2023, and currently stands at Rs 770 per sq.ft from the 2024 revision. Notably, there is no figure available for the year 2002 in the register for this street.

Examining the changes, the guideline value increased by 25% from 2003 to 2007, then decreased by 33% from 2012 to 2017. However, there was a remarkable increase of 109% from 2017 to 2023, followed by a 10% rise from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 141%.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO that have a 2024 guideline value ranging 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 Samiyappa Street 1 2 3 Main Road is below this median.

Stamp duty and registration fee for property in Block 1 Samiyappa Street 1 2 3 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, leading to a total of Rs 69,300. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Block 1 Samiyappa Street 1 2 3 Main Road?

The Sub Registrar Office that covers Block 1 Samiyappa Street 1 2 3 Main Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Ward A

The guideline value is a crucial factor when registering property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Block 1 Samiyappa Street 1 2 3 Main Road?

The current guideline value for Block 1 Samiyappa Street 1 2 3 Main Road is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 319 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 141% over this period.

What is the registration office for this area?

The registration office for Block 1 Samiyappa Street 1 2 3 Main Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 at the current rate of 7%.

What is the median guideline value in Ward A?

The median guideline value for properties in Ward A is Rs 1,375 per sq.ft, while Block 1 Samiyappa Street 1 2 3 Main Road has a guideline value below this median at Rs 770 per sq.ft.