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Guideline Value

Corporate

Guideline Value for Block 16 Nachiappa Street 1 & 2

₹2750/sq.ft.

The guideline value for Block 16 Nachiappa Street 1 & 2 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 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 Nachiappa Street 1 & 2

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Block 16 Nachiappa Street 1 & 2 guideline value

The current guideline value for Block 16 Nachiappa Street 1 & 2 is Rs 2,750 per sq.ft, effective from 1 July 2024. This property 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 16 Nachiappa Street 1 & 2 has changed

Looking back at the revisions, the guideline value for Block 16 Nachiappa Street 1 & 2 was Rs 2,500 per sq.ft in the 2023 revision, reflecting an increase of 10% to the current value of Rs 2,750 per sq.ft in 2024. Prior to that, in the 2017 revision, the value was Rs 1,675 per sq.ft, which shows a significant increase of 49% over the six-year period leading up to 2023.

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft, which was a decrease of 33% from Rs 1,675 per sq.ft in 2017. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 of Rs 1,375 per sq.ft. The guideline value for Block 16 Nachiappa Street 1 & 2 is above this median.

Stamp duty and registration fee for property in Block 16 Nachiappa Street 1 & 2

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to 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. It is important to note that the 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 16 Nachiappa Street 1 & 2?

The Sub Registrar Office that covers Block 16 Nachiappa Street 1 & 2 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 plays a crucial role during property registration in Ward A. It is used to determine the stamp duty and registration fees applicable to a property transaction, ensuring that the government receives the correct amount based on the property's value.

When buying or selling property in this area, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should factor in these costs when budgeting for a property purchase.

Frequently asked questions

What is the current guideline value for Block 16 Nachiappa Street 1 & 2?

The current guideline value for Block 16 Nachiappa Street 1 & 2 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 from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, a 10% increase. It was Rs 1,675 per sq.ft in 2017, and Rs 2,500 per sq.ft in 2012.

What is the land classification for Block 16 Nachiappa Street 1 & 2?

The land classification for Block 16 Nachiappa Street 1 & 2 is Commercial Class I Type - III.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles the registration for this area?

The Erode Joint I Sub Registrar Office handles the registration for Block 16 Nachiappa Street 1 & 2, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.