Guideline Value

Corporate

Guideline Value for Block 15 Agil Medu Street

₹2750/sq.ft.

The guideline value for Block 15 Agil Medu Street 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 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹618 /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 15 Agil Medu Street

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Block 15 Agil Medu Street guideline value

The current guideline value of Block 15 Agil Medu Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street 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 15 Agil Medu Street has changed

The guideline value for Block 15 Agil Medu Street has seen several revisions over the years. In 2002, the value was Rs 105 per sq.ft, which increased to Rs 618 per sq.ft in 2003, marking a significant rise of 489%. The value then rose to Rs 900 per sq.ft in 2007, reflecting an increase of 46%. Following this, the 2012 revision set the value at Rs 2,500 per sq.ft, showing a considerable jump of 178% from the previous figure. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the most recent revision in 2024 set it at Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,519%. There are no figures available for revisions in years other than those mentioned.

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. Block 15 Agil Medu Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Block 15 Agil Medu Street

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 be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 15 Agil Medu Street?

The Sub Registrar Office that covers Block 15 Agil Medu Street 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 more information.

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

The guideline value is a critical factor during the registration of property transactions in Ward A. It serves as a basis for calculating stamp duty and registration fees, ensuring that these charges are applied fairly according to the established rates.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures compliance with local regulations and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of Block 15 Agil Medu Street?

The current guideline value of Block 15 Agil Medu Street 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 changed significantly from Rs 105 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 2,519% over this period.

What is the land classification of Block 15 Agil Medu Street?

Block 15 Agil Medu Street is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office covering Block 15 Agil Medu Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone.

How is stamp duty calculated for properties in Block 15 Agil Medu Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 at the rate of 7%.