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Guideline Value

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Guideline Value for Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd

₹5915/sq.ft.

The guideline value for Block 11 Veerapathra Road 1,2,3(or)sakthi Main Rd in Ward A village (Erode Joint I SRO, Coimbatore zone) is Rs 5915 per sq.ft, effective 1 July 2024. It was Rs 5374 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward A

Village

Erode Joint I

SRO

Commercial Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹5915 /sq.ft.
From 1-4-2023 ₹5374 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3600 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹778 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹105 /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 11 Veerapathra Road 1,2,3(or)sakthi Main Rd

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Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd guideline value

The current guideline value of Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd is Rs 5,915 per sq.ft. This property is located in Ward A village under the Erode Joint I SRO, and it falls under the land classification of Commercial Special Type - III.

How the guideline value of Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd has changed

The guideline value for Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd has seen significant changes over the years. In 2002, the guideline value was Rs 105 per sq.ft. This increased to Rs 778 per sq.ft in 2003, marking a substantial rise of 641%. The value continued to rise, reaching Rs 1,750 per sq.ft in 2007, which represented an increase of 125%. By 2012, the value was Rs 3,000 per sq.ft, reflecting a 71% increase from 2007. The 2017 revision set the value at Rs 3,600 per sq.ft, a 20% increase from 2012. The 2023 revision brought the value to Rs 5,374 per sq.ft, which was a 49% increase from 2017. Most recently, the 2024 revision set the current guideline value at Rs 5,915 per sq.ft, marking a 10% increase from 2023.

The overall change from the 2002 revision to the 2024 revision is a significant increase of 5,533%.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median of Rs 1,375 per sq.ft. Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd's 2024 figure is above this median.

Stamp duty and registration fee for property in Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd

For a 1,000 sq.ft plot at the current rate of Rs 5,915 per sq.ft, the guideline value amounts to Rs 59,15,000. The stamp duty at 7% would be Rs 4,14,050, while the registration fee at 2% would be Rs 1,18,300, making the total Rs 5,32,350. It is important to note that 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 more detailed calculations.

Which Sub Registrar Office covers Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd?

The Sub Registrar Office that covers Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd 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 during the registration process of property transactions in Ward A. It serves as a basis for calculating the stamp duty and registration fees, which are mandatory when transferring property ownership.

Frequently asked questions

What is the current guideline value of Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd?

The current guideline value of Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd is Rs 5,915 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 105 per sq.ft in 2002 to Rs 5,915 per sq.ft in 2024, reflecting an overall increase of 5,533%.

What is the land classification for Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd?

The land classification for Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd is Commercial Special Type - III.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 5,32,350, which includes the stamp duty at 7% and the registration fee at 2% based on the guideline value.

Which office handles registrations for this area?

The Erode Joint I Sub Registrar Office handles registrations for Block 11 Veerapathra Road 1,2,3(or)Sakthi Main Rd, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.