Guideline Value

Corporate

Guideline Value for Block 16 E.V.Nanjappa Main Road

₹6600/sq.ft.

The guideline value for Block 16 E.v.nanjappa Main Road in Ward A village (Erode Joint I SRO, Coimbatore zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward A

Village

Erode Joint I

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 16 E.v.nanjappa Main Road

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Block 16 E.V.Nanjappa Main Road guideline value

The current guideline value of Block 16 E.V.Nanjappa Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO, classified as Commercial Special Type - I.

How the guideline value of Block 16 E.V.Nanjappa Main Road has changed

Over the years, the guideline value for Block 16 E.V.Nanjappa Main Road has seen several revisions. The 2012 revision recorded a guideline value of Rs 6,000 per sq.ft, which decreased to Rs 4,020 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 6,000 per sq.ft, and in the latest 2024 revision, it rose to Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

To summarize the changes: from 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase 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. The median value is Rs 1,375 per sq.ft, placing Block 16 E.V.Nanjappa Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Block 16 E.V.Nanjappa Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 16 E.V.Nanjappa Main Road?

The Sub Registrar Office covering Block 16 E.V.Nanjappa Main Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ward A. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is either equal to or greater than the guideline value to avoid any discrepancies during registration. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Block 16 E.V.Nanjappa Main Road?

The current guideline value of Block 16 E.V.Nanjappa Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase. From 2017 to 2023, it increased by 49%, while from 2012 to 2017, it decreased by 33%.

What is the land classification for Block 16 E.V.Nanjappa Main Road?

Block 16 E.V.Nanjappa Main Road is classified as Commercial Special Type - I, which indicates its intended use for commercial purposes.

Where can I find the Erode Joint I Sub Registrar Office?

The Erode Joint I Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 4,62,000.