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Guideline Value

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Guideline Value for Block 14 Veerapathra Road (OR) Sakthi Road 1.2.3 Main Road

₹3300/sq.ft.

The guideline value for Block 14 Veerapathra Road (or) Sakthi Road 1.2.3 Main Road in Ward A village (Erode Joint I SRO, Coimbatore zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward A

Village

Erode Joint I

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
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 14 Veerapathra Road (or) Sakthi Road 1.2.3 Main Road

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Block 14 Veerapathra Road (OR) Sakthi Road 1.2.3 Main Road guideline value

The current guideline value for Block 14 Veerapathra Road (OR) Sakthi Road 1.2.3 Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Ward A village and falls under the Erode Joint I SRO, classified as Commercial Class I Type - II.

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

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a 50% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rose significantly to Rs 3,000 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, a 10% rise from the previous year.

The register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 65%.

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 Veerapathra Road (OR) Sakthi Road is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. It is important to 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 precise calculations.

Which Sub Registrar Office covers Block 14 Veerapathra Road (OR) Sakthi Road 1.2.3 Main Road?

The Sub Registrar Office that covers Block 14 Veerapathra Road (OR) Sakthi Road 1.2.3 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 here.

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

The guideline value is a crucial factor during the registration of property transactions. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property in Ward A, the guideline value ensures that the transaction is recorded at a fair value, as determined by the local authorities. This helps maintain transparency in property dealings and ensures compliance with legal requirements.

Frequently asked questions

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

The current guideline value for Block 14 Veerapathra Road (OR) Sakthi Road 1.2.3 Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 65% over the years.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7%, which is calculated based on the higher of the guideline value or the sale price.

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

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

What are the registration fees for properties in this area?

The registration fee for properties in this area is 2% of the guideline value. For example, for a property valued at Rs 33,00,000, the registration fee would be Rs 66,000.