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Guideline Value

Corporate

Guideline Value for Block 14 New Market (or) New Busstand Road

₹2750/sq.ft.

The guideline value for Block 14 New Market (or) New Busstand Road in Ward A 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 A

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 ₹1750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1293 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹105 /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 New Market (or) New Busstand Road

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Block 14 New Market (or) New Busstand Road guideline value

The current guideline value for Block 14 New Market (or) New Busstand Road is Rs 2,750 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 - III.

How the guideline value of Block 14 New Market (or) New Busstand Road has changed

The guideline value for Block 14 New Market (or) New Busstand Road has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 105 per sq.ft. This figure saw a significant increase to Rs 1,293 per sq.ft in 2003, marking a change of +1131%. The value continued to rise, reaching Rs 1,750 per sq.ft in 2007, an increase of +35%. In 2012, the value was recorded at Rs 2,500 per sq.ft, which represented a +43% change from the previous revision. However, from 2012 to 2017, the value decreased by -33% to Rs 1,675 per sq.ft. The value then increased significantly to Rs 2,500 per sq.ft in 2023, reflecting a +49% change. The current guideline value of Rs 2,750 per sq.ft in 2024 represents a +10% increase from the previous year.

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 of Rs 1,375 per sq.ft. The guideline value for Block 14 New Market (or) New Busstand Road is above this median.

Stamp duty and registration fee for property in Block 14 New Market (or) New Busstand Road

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Block 14 New Market (or) New Busstand Road?

The Sub Registrar Office that covers Block 14 New Market (or) New Busstand 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 when buying or selling property in Ward A. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with the registration requirements.

When a property is sold, the guideline value is used to determine the minimum value on which the stamp duty is calculated. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the authorities.

Frequently asked questions

What is the current guideline value for Block 14 New Market (or) New Busstand Road?

The current guideline value for Block 14 New Market (or) New Busstand 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 increased from Rs 105 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of +2519%.

What is the land classification for Block 14 New Market (or) New Busstand Road?

The land classification for Block 14 New Market (or) New Busstand Road is Commercial Class I Type - III.

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

The Sub Registrar Office for Block 14 New Market (or) New Busstand Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000.