Guideline Value

Corporate

Guideline Value for Block 16 Huts (Stanlypalam)

₹770/sq.ft.

The guideline value for Block 16 Huts (stanlypalam) in Ward B village (Erode Joint I SRO, Coimbatore zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward B

Village

Erode Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹117 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹104 /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 16 Huts (stanlypalam)

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Block 16 Huts (Stanlypalam) guideline value

The current guideline value of Block 16 Huts (Stanlypalam) is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward B village under the Erode Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Block 16 Huts (Stanlypalam) has changed

The guideline value of Block 16 Huts (Stanlypalam) has seen several revisions over the years. In 2002, the value was Rs 104 per sq.ft, which increased to Rs 117 per sq.ft in 2003, marking a 13% rise. The value continued to rise, reaching Rs 250 per sq.ft in 2007, a significant increase of 114%. By 2012, the value was Rs 500 per sq.ft, reflecting a 100% increase from the previous revision. However, it then dropped to Rs 335 per sq.ft in 2017, a decrease of 33%. The value climbed again to Rs 700 per sq.ft in 2023, before reaching the current figure of Rs 770 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 640%. There are no figures for any other revisions for this street.

Guideline values in Ward B

In Ward B, there are 170 streets that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Block 16 Huts (Stanlypalam) is below this median.

Stamp duty and registration fee for property in Block 16 Huts (Stanlypalam)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total fees together Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 16 Huts (Stanlypalam)?

The Sub Registrar Office that covers Block 16 Huts (Stanlypalam) 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 B

The guideline value is a crucial factor when registering property in Ward B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with the local regulations.

When a property is sold, the guideline value is assessed to calculate the necessary fees. This value is essential for both parties to understand the financial implications of the transaction, ensuring that all legal requirements are met during the registration process.

Frequently asked questions

What is the current guideline value of Block 16 Huts (Stanlypalam)?

The current guideline value of Block 16 Huts (Stanlypalam) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 104 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, showing an overall increase of 640% over the years.

What is the registration fee for property in Block 16 Huts (Stanlypalam)?

The registration fee is calculated based on the guideline value, which for a 1,000 sq.ft plot at Rs 770 per sq.ft amounts to Rs 15,400.

Which office handles property registration for Block 16 Huts (Stanlypalam)?

The Erode Joint I Sub Registrar Office is responsible for property registration in Block 16 Huts (Stanlypalam), located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is stamp duty calculated for properties in Ward B?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,70,000 would incur a stamp duty of Rs 53,900.