Guideline Value for Block 11 Thangavelu Road

Block 11 Thangavelu Road guideline value

The current guideline value of Block 11 Thangavelu Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ward C village, under the Erode Joint I SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Block 11 Thangavelu Road has changed

The guideline value for Block 11 Thangavelu Road has seen several revisions over the years. In 2002, the value was Rs 482 per sq.ft, which increased to Rs 540 per sq.ft in 2003, marking a change of +12%. The value then rose significantly to Rs 1,000 per sq.ft in 2007, an increase of +85%. Following this, the value jumped to Rs 2,500 per sq.ft in 2012, reflecting a rise of +150%. However, it decreased to Rs 1,675 per sq.ft in 2017, a decline of -33%. The value then increased to Rs 2,500 per sq.ft in 2023, and most recently to Rs 2,750 per sq.ft in 2024, which is a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +471%. It is important to note that there are no figures available for revisions in the years not mentioned in the register for this street.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median value is Rs 1,375 per sq.ft, and the 2024 figure for Block 11 Thangavelu Road is above this median.

• Block 11 Veerapathira Road: Rs 4,400 per sq.ft (2024)
• Block 12 A P T Road: Rs 2,750 per sq.ft (2024)
• Block 11 New Market Road: Rs 2,750 per sq.ft (2024)
• Block 12 Bhavani Road: Rs 1,650 per sq.ft (2024)
• Block 11 Krishnan St: Rs 1,375 per sq.ft (2024)
• Block 12 Krishna Chetti Street: Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that 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 11 Thangavelu Road?

The Sub Registrar Office that covers Block 11 Thangavelu 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 is a critical factor during the registration of property transactions in Ward C. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value will be referenced to determine the applicable fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of Block 11 Thangavelu Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 482 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of +471% over the years.

What is the land classification for Block 11 Thangavelu Road?

Block 11 Thangavelu Road is classified as Commercial Class I Type - III.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for Block 11 Thangavelu Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.