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Guideline Value

Corporate

Guideline Value for Block 18 Cauvery Road Main Road

₹5500/sq.ft.

The guideline value for Block 18 Cauvery Road Main Road in Ward C village (Erode Joint I SRO, Coimbatore zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward C

Village

Erode Joint I

SRO

Commercial Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹826 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹737 /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 18 Cauvery Road Main Road

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Block 18 Cauvery Road Main Road guideline value

The current guideline value for Block 18 Cauvery Road Main Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Ward C village, under the Erode Joint I SRO, and is classified as Commercial Special Type - III.

How the guideline value of Block 18 Cauvery Road Main Road has changed

The guideline value for Block 18 Cauvery Road Main Road has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 737 per sq.ft. This increased to Rs 826 per sq.ft in 2003, marking a 12% rise. The value continued to increase, reaching Rs 1,500 per sq.ft in 2007, a significant jump of 82%. The 2012 revision saw the value at Rs 5,000 per sq.ft, which was a 233% increase from the previous figure. However, in 2017, the value decreased to Rs 3,350 per sq.ft, reflecting a decline of 33%.

In the subsequent revisions, the guideline value rose again, reaching Rs 5,000 per sq.ft in 2023, an increase of 49% from 2017. The most recent revision in 2024 has set the value at Rs 5,500 per sq.ft, marking a 10% increase from the previous year. There are no figures available for revisions other than those listed above for this street.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging 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 18 Cauvery Road Main Road is above this median.

Stamp duty and registration fee for property in Block 18 Cauvery Road Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for these fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 18 Cauvery Road Main Road?

The Sub Registrar Office that covers Block 18 Cauvery Road Main 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 details.

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

The guideline value is a crucial factor when registering property transactions in Ward C. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased. During the registration process, the guideline value is used to calculate applicable fees such as stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with the transaction. Buyers should ensure that they are prepared for these costs based on the guideline value applicable to the property in question.

Frequently asked questions

What is the current guideline value for Block 18 Cauvery Road Main Road?

The current guideline value for Block 18 Cauvery Road Main Road is Rs 5,500 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 737 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 646% across the years.

What is the stamp duty rate for properties in Block 18 Cauvery Road Main Road?

The stamp duty rate for properties in Block 18 Cauvery Road Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Block 18 Cauvery Road Main Road located?

The Sub Registrar Office for Block 18 Cauvery Road Main Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What other streets are in Ward C with guideline values?

Other streets in Ward C with guideline values include Block 18 East Kongalamman Kovil Street, Block 18 Kandasamy Street, and Block 17 Park Street, among others, with values ranging from Rs 1,100 to Rs 2,750 per sq.ft in 2024.