Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Block 13 Park Road (or) Thangavel Road

₹2750/sq.ft.

The guideline value for Block 13 Park Road (or) Thangavel Road in Ward C village (Erode Joint I SRO, Coimbatore zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward C

Village

Erode Joint I

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹538 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹480 /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 Park Road (or) Thangavel Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Block 13 Park Road (or) Thangavel Road guideline value

The current guideline value of Block 13 Park Road (or) Thangavel Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Ward C village under the Erode Joint I SRO and is classified as Commercial Class I Type - III.

How the guideline value of Block 13 Park Road (or) Thangavel Road has changed

The guideline value for Block 13 Park Road (or) Thangavel Road has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 480 per sq.ft. This figure increased to Rs 538 per sq.ft in 2003, marking a 12% rise. The value then saw a significant increase to Rs 1,500 per sq.ft in 2007, representing a 179% change. In 2012, the value adjusted to Rs 2,500 per sq.ft, which was a decrease of 33% from the previous revision.

In 2017, the guideline value rose to Rs 1,675 per sq.ft, reflecting a 49% increase from the 2012 figure. The most recent revision in 2023 set the value at Rs 2,500 per sq.ft, before it increased to the current rate of Rs 2,750 per sq.ft in 2024, a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 473%.

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 value in this area is Rs 1,375 per sq.ft, placing Block 13 Park Road (or) Thangavel Road above this median.

Stamp duty and registration fee for property in Block 13 Park Road (or) Thangavel Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost for these fees would be Rs 2,47,500. 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 further assistance.

Which Sub Registrar Office covers Block 13 Park Road (or) Thangavel Road?

The Sub Registrar Office that covers Block 13 Park Road (or) Thangavel 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 during the registration of property transactions in Ward C. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in this area.

When a property is registered, the guideline value or the sale price is taken into account, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Block 13 Park Road (or) Thangavel Road?

The current guideline value of Block 13 Park Road (or) Thangavel 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 significantly from Rs 480 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 473% over this period.

What is the registration fee for property in this area?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 27,50,000, the registration fee would be Rs 55,000.

Where is the Sub Registrar Office located?

The Erode Joint I Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode - 638009, Coimbatore registration zone.

How is stamp duty calculated in this area?

Stamp duty is charged at a rate of 7% on the higher of the guideline value or the sale price of the property. This ensures that the appropriate amount is collected based on the value of the transaction.