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Guideline Value

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Guideline Value for Block 14 Veerapathra Road (or) Sathy Road

₹3300/sq.ft.

The guideline value for Block 14 Veerapathra Road (or) Sathy 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 ₹1750 /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) Sathy Road

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Block 14 Veerapathra Road (or) Sathy Road guideline value

The current guideline value for Block 14 Veerapathra Road (or) Sathy Road is Rs 3,300 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 - II.

How the guideline value of Block 14 Veerapathra Road (or) Sathy Road has changed

The guideline value for Block 14 Veerapathra Road (or) Sathy Road has seen several revisions over the years. In 2007, the value was Rs 1,750 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a significant rise of 71%. However, this value dropped to Rs 2,010 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose sharply to Rs 3,000 per sq.ft in 2023, an increase of 49%. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 89%.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 1,375 per sq.ft, placing Block 14 Veerapathra Road (or) Sathy Road above this median.

Stamp duty and registration fee for property in Block 14 Veerapathra Road (or) Sathy Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 14 Veerapathra Road (or) Sathy Road?

The Sub Registrar Office that covers Block 14 Veerapathra Road (or) Sathy 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 registering property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

Frequently asked questions

What is the current guideline value for Block 14 Veerapathra Road (or) Sathy Road?

The current guideline value for Block 14 Veerapathra Road (or) Sathy Road is Rs 3,300 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 1,750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, an overall increase of 89%.

What is the classification of the land on Block 14 Veerapathra Road (or) Sathy Road?

The land classification for Block 14 Veerapathra Road (or) Sathy Road is Commercial Class I Type - II.

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

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

How is the 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 33,00,000, the stamp duty would be calculated at 7% of this amount.