Guideline Value

Corporate

Guideline Value for Block 13 Thiru.Vee.Ka.Road

₹1375/sq.ft.

The guideline value for Block 13 Thiru.vee.ka.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 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹657 /sq.ft.
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 13 Thiru.vee.ka.road

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Block 13 Thiru.Vee.Ka.Road guideline value

The current guideline value for Block 13 Thiru.Vee.Ka.Road is Rs 1,375 per sq.ft, effective from 1 July 2024. This property 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 Thiru.Vee.Ka.Road has changed

The guideline value for Block 13 Thiru.Vee.Ka.Road has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 657 per sq.ft. This increased to Rs 750 per sq.ft in 2007, followed by a significant rise to Rs 1,250 per sq.ft in 2012. However, there was a decrease to Rs 837 per sq.ft in 2017. The value then surged to Rs 1,250 per sq.ft in 2023, and finally, the current guideline value is Rs 1,375 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

To summarize the changes: from 2003 to 2007, the increase was +14%; from 2007 to 2012, there was a +67% rise; from 2012 to 2017, the value decreased by -33%; from 2017 to 2023, the value increased by +49%; and from 2023 to 2024, there was a +10% increase. Overall, from 2003 to 2024, the guideline value has increased by +109%. The register has no figure for this street in 2002.

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 is Rs 1,375 per sq.ft, which is equal to the current guideline value of Block 13 Thiru.Vee.Ka.Road.

Stamp duty and registration fee for property in Block 13 Thiru.Vee.Ka.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. 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 Thiru.Vee.Ka.Road?

The Sub Registrar Office that covers Block 13 Thiru.Vee.Ka.Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Ward A

The guideline value plays a crucial role in the registration process when buying or selling property in Ward A. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Block 13 Thiru.Vee.Ka.Road?

The current guideline value for Block 13 Thiru.Vee.Ka.Road is Rs 1,375 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 657 per sq.ft in 2003 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of +109% over the years.

What is the land classification for Block 13 Thiru.Vee.Ka.Road?

Block 13 Thiru.Vee.Ka.Road is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Block 13 Thiru.Vee.Ka.Road is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this property?

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