Guideline Value for Block 12 A P T Road

Block 12 A P T Road guideline value

The current guideline value of Block 12 A P T 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 it falls under the Commercial Class I Type - III land classification.

How the guideline value of Block 12 A P T Road has changed

The guideline value for Block 12 A P T Road has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 538 per sq.ft. This increased to Rs 750 per sq.ft in 2007, followed by a significant jump to Rs 2,500 per sq.ft in 2012. However, it then decreased to Rs 1,675 per sq.ft in 2017. The value rose again to Rs 2,500 per sq.ft in 2023, and most recently to Rs 2,750 per sq.ft in 2024. The register has no figure for this street in 2002.

Between the revisions, the changes are as follows: from 2003 to 2007, there was an increase of 39%; from 2007 to 2012, the value rose by 233%; however, it fell by 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% rise from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 411%.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value is Rs 1,375 per sq.ft, placing Block 12 A P T Road's 2024 figure above that median.

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

Stamp duty and registration fee for property in Block 12 A P T 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, resulting in a total of Rs 2,47,500. 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 12 A P T Road?

The Sub Registrar Office that covers Block 12 A P T 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 C

The guideline value is a crucial factor in the registration process when buying or selling property in Ward C. It determines the base value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is fairly assessed according to the established values in the area.

Frequently asked questions

What is the current guideline value for Block 12 A P T Road?

The current guideline value for Block 12 A P T 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 changed from Rs 538 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 411% over the years.

What are the stamp duty and registration fees for property in Block 12 A P T Road?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles the registration for Block 12 A P T Road?

The Erode Joint I Sub Registrar Office handles the registration for Block 12 A P T Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

Where can I find more information about guideline values in Ward C?

For more detailed information about guideline values in Ward C, you can refer to the Registration Department's guideline value register (TNReginet).