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Guideline Value for Block 10 Park Road A.P.Thangavel Road

₹1650/sq.ft.

The guideline value for Block 10 Park Road A.p.thangavel Road in Ward C village (Erode Joint I SRO, Coimbatore zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward C

Village

Erode Joint I

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹437 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹390 /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 10 Park Road A.p.thangavel Road

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Block 10 Park Road A.P.Thangavel Road guideline value

The current guideline value of Block 10 Park Road A.P.Thangavel Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Ward C, under the Erode Joint I SRO, and is classified as Residential Class I Type - II.

How the guideline value of Block 10 Park Road A.P.Thangavel Road has changed

The guideline value for Block 10 Park Road A.P.Thangavel Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 390 per sq.ft. It increased to Rs 437 per sq.ft in 2003, marking a 12% rise. The value then jumped significantly to Rs 750 per sq.ft in 2007, reflecting a 72% increase. In 2012, the value was Rs 1,500 per sq.ft, which was a 100% increase from the previous revision. However, in 2017, it dropped to Rs 1,005 per sq.ft, indicating a decrease of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 323%. There are no figures available for the revisions in years other than those specified.

Guideline values in Ward C

In Ward C, the guideline values vary across different streets. The 2024 figures range from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 10 Park Road A.P.Thangavel Road is above this median.

Stamp duty and registration fee for property in Block 10 Park Road A.P.Thangavel Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 10 Park Road A.P.Thangavel Road?

The Sub Registrar Office covering Block 10 Park Road A.P.Thangavel Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the 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 plays a crucial role during the registration of property transactions in Ward C. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value ensures that the fees reflect the current market conditions as determined by the Registration Department.

When selling a property, the guideline value serves as a reference point for both buyers and sellers. It helps in establishing a fair basis for negotiations and ensures compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Block 10 Park Road A.P.Thangavel Road?

The current guideline value for Block 10 Park Road A.P.Thangavel Road is Rs 1,650 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 390 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, with various increases and decreases noted in the revisions over the years.

What is the registration office for this property?

The registration office for Block 10 Park Road A.P.Thangavel 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 guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 1,48,500 for stamp duty and registration fees combined.

What are the other guideline values in Ward C?

In Ward C, the guideline values range from Rs 770 to Rs 7,700 per sq.ft. Block 10 Park Road A.P.Thangavel Road is above the median value of Rs 1,375 per sq.ft in this area.