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Guideline Value for Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu)

₹1100/sq.ft.

The guideline value for Block 17 Poosarichennimalai Street 1,2,3 (p.g.kadu) in Ward B 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 B

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 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹347 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹309 /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 17 Poosarichennimalai Street 1,2,3 (p.g.kadu)

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Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu) guideline value

The current guideline value for Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu) is Rs 1,100 per sq.ft. This street is located in Ward B village under the Erode Joint I SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu) has changed

The guideline value for Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu) has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 309 per sq.ft. It increased to Rs 347 per sq.ft in 2003, marking a 12% increase. In 2007, it further rose to Rs 400 per sq.ft, reflecting a 15% increase. The value then jumped significantly to Rs 1,000 per sq.ft in 2012, representing a 150% increase. However, it dropped to Rs 670 per sq.ft in 2017, indicating a decline of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, and currently, it stands at Rs 1,100 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year.

There are no figures available for the revisions in the years not mentioned in this document. Overall, from 2002 to 2024, the guideline value has increased by 256%.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the current guideline value for Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu).

Stamp duty and registration fee for property in Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu)

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the 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, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu)?

The Sub Registrar Office that covers Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu) 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 B

The guideline value is an essential factor when registering property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When a property is sold, the guideline value is used to calculate the applicable duties, which are based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu)?

The current guideline value for Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu) 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 significantly from Rs 309 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 256% over the years.

What is the land classification for Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu)?

Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu) falls under the Residential Class II Type - I land classification.

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

For a property with a guideline value of Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for this street?

The Erode Joint I Sub Registrar Office handles registrations for Block 17 PoosariChennimalai Street 1,2,3 (P.G.Kadu), located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.