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Guideline Value

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Guideline Value for Block 16 Municipal Higher Secondary School Street

₹1100/sq.ft.

The guideline value for Block 16 Municipal Higher Secondary School Street in Ward C village (Erode Joint I SRO, Coimbatore zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward C

Village

Erode Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹269 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹240 /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 Municipal Higher Secondary School Street

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Block 16 Municipal Higher Secondary School Street guideline value

The current guideline value for Block 16 Municipal Higher Secondary School Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Block 16 Municipal Higher Secondary School Street has changed

The guideline value for Block 16 Municipal Higher Secondary School Street has undergone several revisions over the years. In 2002, the guideline value was Rs 240 per sq.ft. It increased to Rs 269 per sq.ft in 2003, marking a 12% rise. Following this, the value saw a significant increase of 86% to reach Rs 500 per sq.ft in 2007. The subsequent revision in 2012 brought the value back to Rs 1,000 per sq.ft, reflecting a 100% increase from the previous figure.

In 2017, the guideline value was revised to Rs 670 per sq.ft, which represented a decrease of 33%. The following revisions saw an increase to Rs 1,000 per sq.ft in 2023 and then to Rs 1,100 per sq.ft in 2024, showing a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 358%.

Guideline values in Ward C

Ward C under the Erode Joint I SRO has 250 streets with a 2024 guideline value range from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this ward is Rs 1,375 per sq.ft, indicating that the guideline value for Block 16 Municipal Higher Secondary School Street is below the median.

Stamp duty and registration fee for property in Block 16 Municipal Higher Secondary School Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 16 Municipal Higher Secondary School Street?

The Sub Registrar Office that covers Block 16 Municipal Higher Secondary School Street 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 C

The guideline value plays a crucial role during the registration of property transactions in Ward C. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in this area.

When a property is registered, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value for Block 16 Municipal Higher Secondary School Street?

The current guideline value for Block 16 Municipal Higher Secondary School Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 240 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, with several revisions in between, including a significant increase of 358% overall.

What is the registration office for this street?

The registration office for Block 16 Municipal Higher Secondary School Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7% of the guideline value.

What is the range of guideline values in Ward C?

The guideline values in Ward C range from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 16 Municipal Higher Secondary School Street is below this median.