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Guideline Value

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Guideline Value for Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road

₹5915/sq.ft.

The guideline value for Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road 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 ₹2000 /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 12 Veerapathraroad 1,2,3(or) Sakthi Main Road

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Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road guideline value

The current guideline value for Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road is Rs 5,915 per sq.ft, effective from 1 July 2024. This property is located in Ward A village and falls under the Erode Joint I SRO. The land classification is Commercial Special Type - III.

How the guideline value of Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road has changed

The guideline value for Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road has seen significant changes over the years. In 2007, the guideline value was Rs 2,000 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a 50% rise. This was followed by a 20% increase to Rs 3,600 per sq.ft in 2017, and a substantial 49% increase to Rs 5,374 per sq.ft in 2023.

With the latest revision in 2024, the guideline value has risen to Rs 5,915 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 196%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, indicating that Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road's 2024 figure is above that median.

Stamp duty and registration fee for property in Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 59,15,000. The stamp duty at 7% would be Rs 4,14,050, and the registration fee at 2% would be Rs 1,18,300, bringing the total to Rs 5,32,350. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road?

The Sub Registrar Office that covers Block 12 Veerapathraroad 1,2,3(or) Sakthi Main 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 when registering property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property.

Frequently asked questions

What is the current guideline value for Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road?

The current guideline value for Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road is Rs 5,915 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,000 per sq.ft in 2007 to Rs 5,915 per sq.ft in 2024, reflecting an overall increase of 196% over this period.

What is the land classification for this property?

The land classification for Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road is Commercial Special Type - III.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 5,32,350, based on the current guideline value of Rs 59,15,000.

Which office handles registrations for this area?

The Erode Joint I Sub Registrar Office handles registrations for Block 12 Veerapathraroad 1,2,3(or) Sakthi Main Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.