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Guideline Value

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Guideline Value for Block 15 A.Veerapathraroad 1.2.3 (or) Sakthi Road Main Road

₹3300/sq.ft.

The guideline value for Block 15 A.veerapathraroad 1.2.3 (or) Sakthi Road 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 15 A.veerapathraroad 1.2.3 (or) Sakthi Road Main Road

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Block 15 A.Veerapathraroad 1.2.3 (or) Sakthi Road Main Road guideline value

The current guideline value for Block 15 A.Veerapathraroad 1.2.3 (or) Sakthi Road 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. The land classification is Commercial Class I Type - II.

How the guideline value of Block 15 A.Veerapathraroad 1.2.3 (or) Sakthi Road 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. However, it then decreased to Rs 2,010 per sq.ft in 2017. The value rose significantly to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as per the 2024 revision. The changes between these revisions are as follows: from 2007 to 2012, there was a 50% increase; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and finally, from 2023 to 2024, an increase of 10%.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, there has been a total increase of 65% in the guideline value.

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 15 A.Veerapathraroad 1.2.3 (or) Sakthi Road Main Road is above this median.

Stamp duty and registration fee for property in Block 15 A.Veerapathraroad 1.2.3 (or) Sakthi Road 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 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, resulting in a total of Rs 2,97,000. Please 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 details.

Which Sub Registrar Office covers Block 15 A.Veerapathraroad 1.2.3 (or) Sakthi Road Main Road?

The Sub Registrar Office that covers Block 15 A.Veerapathraroad 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 information.

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 in Ward A. It serves as a benchmark for determining the stamp duty and registration fees that need to 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 duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 15 A.Veerapathraroad 1.2.3 (or) Sakthi Road Main Road?

The current guideline value for Block 15 A.Veerapathraroad 1.2.3 (or) Sakthi Road 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 are the stamp duty rates for properties in this area?

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

Which office handles property registrations for this street?

The Erode Joint I Sub Registrar Office handles property registrations for Block 15 A.Veerapathraroad 1.2.3 (or) Sakthi Road Main Road.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and recent property transactions in the area.