Guideline Value

Corporate

Guideline Value for Block 13 Municipal Colony Road

₹1375/sq.ft.

The guideline value for Block 13 Municipal Colony Road in Ward A village (Erode Joint I SRO, Coimbatore zone) is Rs 1375 per sq.ft, effective 1 July 2024. It was Rs 1250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward A

Village

Erode Joint I

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1375 /sq.ft.
From 1-4-2023 ₹1250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹837 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹408 /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 13 Municipal Colony Road

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Block 13 Municipal Colony Road guideline value

The current guideline value of Block 13 Municipal Colony Road is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward A village under the Erode Joint I SRO and is classified as Residential Class I Type - III.

How the guideline value of Block 13 Municipal Colony Road has changed

The guideline value for Block 13 Municipal Colony Road has seen significant changes over the years. In 2002, the guideline value was Rs 105 per sq.ft. This increased to Rs 408 per sq.ft in 2003, marking a substantial rise of 289%. The value continued to increase, reaching Rs 500 per sq.ft in 2007, which was a 23% increase from the previous year. By 2012, the value was Rs 1,250 per sq.ft, reflecting a 150% increase from 2007. However, it then dropped to Rs 837 per sq.ft in 2017, a decrease of 33% from the 2012 figure.

In 2023, the guideline value rose to Rs 1,250 per sq.ft, and in the latest revision for 2024, it increased to Rs 1,375 per sq.ft, which is a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 1210%.

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. The median value is Rs 1,375 per sq.ft, which is equal to the guideline value of Block 13 Municipal Colony Road.

Stamp duty and registration fee for property in Block 13 Municipal Colony Road

For a 1,000 sq.ft plot at the current rate of Rs 1,375 per sq.ft, the guideline value would be Rs 13,75,000. The stamp duty at 7% would amount to Rs 96,250, and the registration fee at 2% would be Rs 27,500, totaling Rs 1,23,750. Please 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 13 Municipal Colony Road?

The Sub Registrar Office that covers Block 13 Municipal Colony 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 reference point when buying or selling property in Ward A. It is used to determine the stamp duty and registration fees that need to be paid during the transaction process. The guideline value serves as a standard for the assessment of property transactions to ensure compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are recorded accurately and fairly within the framework established by the registration authorities.

Frequently asked questions

What is the current guideline value of Block 13 Municipal Colony Road?

The current guideline value of Block 13 Municipal Colony Road is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 105 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 1210% over the years.

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

Other streets in Ward A include Block 13 Thiru.Vee.Ka.Road at Rs 1,375 per sq.ft, Block 13 E.V.Nanjappa Nagar Road at Rs 6,600 per sq.ft, and several others with varying rates.

Where can I find the Sub Registrar Office for Block 13 Municipal Colony Road?

The Sub Registrar Office for Block 13 Municipal Colony Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in Block 13 Municipal Colony Road?

The stamp duty for properties in Block 13 Municipal Colony Road is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 13,75,000 would incur a stamp duty of Rs 96,250 at a rate of 7%.