Guideline Value

Corporate

Guideline Value for Block 12 Krishna Chetti Street

₹1100/sq.ft.

The guideline value for Block 12 Krishna Chetti Street in Ward C village (Erode Joint I SRO, Coimbatore zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward C

Village

Erode Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹413 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹368 /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 12 Krishna Chetti Street

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Block 12 Krishna Chetti Street guideline value

The current guideline value for Block 12 Krishna Chetti Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, classified as Residential Class II Type - I.

How the guideline value of Block 12 Krishna Chetti Street has changed

The guideline value for Block 12 Krishna Chetti Street has seen several revisions over the years. In the 2002 revision, the value was Rs 368 per sq.ft, which increased to Rs 413 per sq.ft in 2003. Following this, the value rose significantly to Rs 750 per sq.ft in 2007, then to Rs 1,000 per sq.ft in 2012. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, before increasing again to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 199%. Notably, there are no figures available for the revisions in years other than those listed.

Guideline values in Ward C

In Ward C, the guideline values for 250 streets under the Erode Joint I SRO 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 12 Krishna Chetti Street is below this median.

Stamp duty and registration fee for property in Block 12 Krishna Chetti Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Block 12 Krishna Chetti Street?

The Sub Registrar Office that covers Block 12 Krishna Chetti Street 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 serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 12 Krishna Chetti Street?

The current guideline value for Block 12 Krishna Chetti Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 368 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 199% over the years.

What is the registration office for Block 12 Krishna Chetti Street?

The registration office for Block 12 Krishna Chetti Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at 7%.

What are the other streets in Ward C with their guideline values?

Other streets in Ward C include Block 12 Bhavani Road at Rs 1,650 per sq.ft, Block 12 A P T Road and Block 12 Veerapathira Road both at Rs 2,750 per sq.ft, and Block 11 Veerapathira Road at Rs 4,400 per sq.ft.