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Guideline Value

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Guideline Value for Block 14 A.Veerapathra Road 1.2.3 (or) Sakthi Road Main Road

₹4400/sq.ft.

The guideline value for Block 14 A.veerapathra Road 1.2.3 (or) Sakthi Road Main Road in Ward A village (Erode Joint I SRO, Coimbatore zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward A

Village

Erode Joint I

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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 14 A.veerapathra Road 1.2.3 (or) Sakthi Road Main Road

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Block 14 A.Veerapathra Road 1.2.3 (or) Sakthi Road Main Road guideline value

The current guideline value for Block 14 A.Veerapathra Road 1.2.3 (or) Sakthi Road Main Road is Rs 4,400 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 Class I Type - I.

How the guideline value of Block 14 A.Veerapathra Road 1.2.3 (or) Sakthi Road Main Road has changed

The guideline value for this street has undergone several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, reflecting a 100% rise. However, it then decreased to Rs 2,680 per sq.ft in 2017, marking a decline of 33%. The subsequent revision in 2023 saw a significant increase to Rs 4,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,400 per sq.ft, a rise of 10% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 120%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

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, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 14 A.Veerapathra Road 1.2.3 (or) Sakthi Road Main Road is significantly above this median.

Stamp duty and registration fee for property in Block 14 A.Veerapathra Road 1.2.3 (or) Sakthi Road Main Road

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 14 A.Veerapathra Road 1.2.3 (or) Sakthi Road Main Road?

The Sub Registrar Office that covers Block 14 A.Veerapathra Road 1.2.3 (or) Sakthi Road 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 details.

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

The guideline value is a crucial factor during property registration in Ward A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 14 A.Veerapathra Road 1.2.3 (or) Sakthi Road Main Road?

The current guideline value for Block 14 A.Veerapathra Road 1.2.3 (or) Sakthi Road Main Road is Rs 4,400 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 2,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 120% over the years.

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

Other streets in Ward A have varying guideline values. For example, Block 13 Veerapathra Road 1.2.3 (or) Sakthi Main Road is valued at Rs 5,915 per sq.ft, while Block 13 Thiru.Vee.Ka.Road is at Rs 1,375 per sq.ft.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.

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

The Sub Registrar Office for Block 14 A.Veerapathra Road 1.2.3 (or) Sakthi Road Main Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.