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Guideline Value

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Guideline Value for Block 17 Akilmedu Street Colony Akilmedu Street

₹2750/sq.ft.

The guideline value for Block 17 Akilmedu Street Colony Akilmedu Street 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 ₹900 /sq.ft.
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 17 Akilmedu Street Colony Akilmedu Street

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Block 17 Akilmedu Street Colony Akilmedu Street guideline value

The current guideline value for Block 17 Akilmedu Street Colony Akilmedu Street 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 17 Akilmedu Street Colony Akilmedu Street has changed

The guideline value for Block 17 Akilmedu Street Colony has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 900 per sq.ft. In 2012, the value rose to Rs 2,500 per sq.ft, but then dropped to Rs 1,675 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 2,500 per sq.ft, and the latest revision in 2024 has further increased it to Rs 2,750 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2012, there was a remarkable increase of 178%, followed by a decrease of 33% from 2012 to 2017. However, from 2017 to 2023, the value increased by 49%. The overall change from 2007 to 2024 reflects an increase of 206% in the guideline value.

Guideline values in Ward A

In Ward A, there are 111 streets that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 17 Akilmedu Street Colony is above this median.

Stamp duty and registration fee for property in Block 17 Akilmedu Street Colony Akilmedu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total 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, making the total cost for these fees Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 17 Akilmedu Street Colony Akilmedu Street?

The Sub Registrar Office that covers Block 17 Akilmedu Street Colony 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 here.

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

The guideline value is a crucial factor in property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to assess the minimum value of the property for these calculations.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is advisable to check the latest guideline values to understand the financial implications of buying or selling property in this area.

Frequently asked questions

What is the current guideline value for Block 17 Akilmedu Street Colony?

The current guideline value for Block 17 Akilmedu Street Colony Akilmedu Street 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 significantly from Rs 900 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 206% over the years.

What is the stamp duty for a property in Block 17 Akilmedu Street Colony?

The stamp duty for a property in Block 17 Akilmedu Street Colony is 7% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for properties in Block 17 Akilmedu Street Colony?

The Erode Joint I Sub Registrar Office handles the registration for properties in Block 17 Akilmedu Street Colony, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 17 Akilmedu Street Colony?

The land classification for Block 17 Akilmedu Street Colony is Commercial Class I Type - III.