Guideline Value

Corporate

Guideline Value for Block 14 Kanthappa Lane

₹771/sq.ft.

The guideline value for Block 14 Kanthappa Lane in Ward B village (Erode Joint I SRO, Coimbatore zone) is Rs 771 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward B

Village

Erode Joint I

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹771 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹251 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹224 /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 14 Kanthappa Lane

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Block 14 Kanthappa Lane guideline value

The current guideline value of Block 14 Kanthappa Lane is Rs 771 per sq.ft. This property is located in Ward B village, under the Erode Joint I SRO, and is classified as Residential Class II Type - III.

How the guideline value of Block 14 Kanthappa Lane has changed

The guideline value for Block 14 Kanthappa Lane has undergone several revisions over the years. In 2002, the value was Rs 224 per sq.ft, which increased to Rs 251 per sq.ft in 2003, marking a 12% rise. The value saw a significant increase to Rs 500 per sq.ft in 2007, which was a 99% jump. By 2012, the value adjusted to Rs 600 per sq.ft, reflecting a 20% increase. However, it decreased by 33% to Rs 402 per sq.ft in 2017. The value then rose to Rs 700 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 771 per sq.ft, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 244%. The register has no figures for the years not mentioned in the revisions, indicating consistent updates only during the specified years.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Block 14 Kanthappa Lane's 2024 figure below that median.

Stamp duty and registration fee for property in Block 14 Kanthappa Lane

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, while the registration fee at 2% would be Rs 15,420, totaling Rs 69,390. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 14 Kanthappa Lane?

The Sub Registrar Office that covers Block 14 Kanthappa Lane is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward B. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price.

When a property is registered, the guideline value helps determine the amount payable in taxes. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Block 14 Kanthappa Lane?

The current guideline value of Block 14 Kanthappa Lane is Rs 771 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 224 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 244% over this period.

What are the other streets in Ward B and their guideline values?

Other streets in Ward B include Block 14 Kanthappa Street at Rs 825 per sq.ft, Block 14 Kalaimagal School Road at Rs 1,375 per sq.ft, and several others, with values ranging from Rs 825 to Rs 3,300 per sq.ft.

What is the stamp duty for property in Block 14 Kanthappa Lane?

The stamp duty for property in Block 14 Kanthappa Lane is 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 53,970.

Where can I find the Sub Registrar Office for Block 14 Kanthappa Lane?

The Sub Registrar Office for Block 14 Kanthappa Lane is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.