Guideline Value

Corporate

Guideline Value for Block 11 Chatram Road

₹770/sq.ft.

The guideline value for Block 11 Chatram 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 ₹250 /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 11 Chatram Road

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Block 11 Chatram Road guideline value

The current guideline value of Block 11 Chatram Road is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 11 Chatram Road has changed

The guideline value for Block 11 Chatram Road has undergone several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 250 per sq.ft. This increased to Rs 500 per sq.ft in 2012, marking a 100% rise. However, the value then decreased to Rs 335 per sq.ft in 2017, reflecting a decline of 33%. The value saw a significant increase of 109% to Rs 700 per sq.ft in 2023, and further rose by 10% to the current rate of Rs 770 per sq.ft in 2024.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 208%.

Guideline values in Ward A

In Ward A, the guideline values range from Rs 770 to Rs 6,600 per sq.ft as of 2024, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 11 Chatram Road is below this median, indicating a relatively lower valuation compared to other streets in the area.

Stamp duty and registration fee for property in Block 11 Chatram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be 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, bringing the total cost for these fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 11 Chatram Road?

The Sub Registrar Office covering Block 11 Chatram Road 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 property transactions in Ward A, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all parties adhere to the legal requirements set by the government.

Additionally, the guideline value serves as a benchmark for property transactions, providing clarity and transparency in the market. Buyers and sellers should be aware of the current guideline value to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Block 11 Chatram Road?

The current guideline value of Block 11 Chatram Road is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 208% over the years.

What are the stamp duty and registration fees for property in Block 11 Chatram Road?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 69,300.

Which office handles registrations for Block 11 Chatram Road?

The Erode Joint I Sub Registrar Office handles registrations for Block 11 Chatram Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What should buyers know about the guideline value?

Buyers should be aware that the guideline value is used to determine the minimum registration value for a property. It is essential for calculating stamp duty and registration fees during the property transaction process.