Guideline Value

Corporate

Guideline Value for Block 16 Nethaji Road

₹4400/sq.ft.

The guideline value for Block 16 Nethaji Road in Ward D village (Erode Joint I SRO, Coimbatore zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward D

Village

Erode Joint I

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1357 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1210 /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 Nethaji Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Block 16 Nethaji Road guideline value

The current guideline value of Block 16 Nethaji Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO and is classified as Commercial Class I Type - I.

How the guideline value of Block 16 Nethaji Road has changed

The guideline value for Block 16 Nethaji Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,210 per sq.ft. It increased to Rs 1,357 per sq.ft in 2003, marking a 12% rise. The value then rose significantly to Rs 2,000 per sq.ft in 2007, reflecting a 47% increase. The 2012 revision saw the value remain at Rs 4,000 per sq.ft, which was a decrease of 33% from the previous revision. In 2017, the value was again Rs 2,680 per sq.ft, showing a 49% increase from 2012.

In the latest revisions, the value was Rs 4,000 per sq.ft in 2023, and it has now increased to Rs 4,400 per sq.ft in 2024, which is a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 264%.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 798 per sq.ft, placing Block 16 Nethaji Road above this median.

Stamp duty and registration fee for property in Block 16 Nethaji Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 16 Nethaji Road?

The Sub Registrar Office that covers Block 16 Nethaji Road 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 D

The guideline value is a crucial factor in the registration process when buying or selling property in Ward D. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that all transactions are in line with the established rates. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Block 16 Nethaji Road?

The current guideline value of Block 16 Nethaji Road is Rs 4,400 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 1,210 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 264% over the years.

What is the registration fee for property on Block 16 Nethaji Road?

The registration fee for property on Block 16 Nethaji Road is calculated at 2% of the guideline value. For a 1,000 sq.ft plot, the registration fee would be Rs 88,000.

Where can I find the Sub Registrar Office for Block 16 Nethaji Road?

The Sub Registrar Office for Block 16 Nethaji Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the stamp duty calculated for properties in Ward D?

Stamp duty in Ward D is calculated at 7% of the higher value between the guideline value and the sale price. This ensures that the appropriate duty is paid based on the value of the property being registered.