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Guideline Value

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Guideline Value for Block 13 Veerapathra Road 1.2.3 (or) Sakthi Main Road

₹5915/sq.ft.

The guideline value for Block 13 Veerapathra Road 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 N/A
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 13 Veerapathra Road 1.2.3 (or) Sakthi Main Road

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Block 13 Veerapathra Road 1.2.3 (or) Sakthi Main Road guideline value

The current guideline value for Block 13 Veerapathra Road 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 under the Erode Joint I SRO and is classified as Commercial Special Type - III.

How the guideline value of Block 13 Veerapathra Road 1.2.3 (or) Sakthi Main Road has changed

The guideline value for this street has undergone several revisions 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. The value then surged by 79% to Rs 5,374 per sq.ft in 2023. The most recent revision in 2024 saw a further increase of 10%, bringing the current value to Rs 5,915 per sq.ft.

There are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 196%.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 13 Veerapathra Road 1.2.3 (or) Sakthi Main Road above this median.

Stamp duty and registration fee for property in Block 13 Veerapathra Road 1.2.3 (or) Sakthi Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,915 per sq.ft, the total 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 cost for these fees to Rs 5,32,350. 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 Veerapathra Road 1.2.3 (or) Sakthi Main Road?

The Sub Registrar Office that covers Block 13 Veerapathra Road 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 in property transactions in Ward A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the transaction is documented accurately and fairly.

Frequently asked questions

What is the current guideline value for Block 13 Veerapathra Road 1.2.3 (or) Sakthi Main Road?

The current guideline value for Block 13 Veerapathra Road 1.2.3 (or) Sakthi Main Road is Rs 5,915 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,000 per sq.ft in 2007 to Rs 5,915 per sq.ft in 2024, representing an overall increase of 196% over the years.

What is the land classification for this property?

Block 13 Veerapathra Road 1.2.3 (or) Sakthi Main Road is classified as Commercial Special Type - III.

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

The Sub Registrar Office for Block 13 Veerapathra Road 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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 59,15,000, the total fees would amount to Rs 5,32,350.