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Guideline Value

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Guideline Value for Block 18 N.G.G.O.Colony Street 1 to 8

₹1100/sq.ft.

The guideline value for Block 18 N.g.g.o.colony Street 1 To 8 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 ₹272 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹232 /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 N.g.g.o.colony Street 1 To 8

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Block 18 N.G.G.O.Colony Street 1 to 8 guideline value

The current guideline value for Block 18 N.G.G.O.Colony Street 1 to 8 is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Block 18 N.G.G.O.Colony Street 1 to 8 has changed

The guideline value for Block 18 N.G.G.O.Colony Street 1 to 8 has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 232 per sq.ft. This figure increased to Rs 272 per sq.ft in 2003, marking a change of +17%. The value then rose to Rs 400 per sq.ft in 2007, an increase of +47%. In 2012, the guideline value was Rs 1,000 per sq.ft, reflecting a significant rise of +150%. However, it decreased to Rs 670 per sq.ft in 2017, a reduction of -33%. The value then increased to Rs 1,000 per sq.ft in 2023, and finally to the current rate of Rs 1,100 per sq.ft in 2024, representing a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +374%. There are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO with 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 equal to the current guideline value for Block 18 N.G.G.O.Colony Street 1 to 8.

Stamp duty and registration fee for property in Block 18 N.G.G.O.Colony Street 1 to 8

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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 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 18 N.G.G.O.Colony Street 1 to 8?

The Sub Registrar Office that covers Block 18 N.G.G.O.Colony Street 1 to 8 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 B

The guideline value plays a crucial role in the registration process when buying or selling property in Ward B. It is the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used for calculating the applicable duties. This ensures that the registration process adheres to the values set by the Registration Department.

Frequently asked questions

What is the current guideline value for Block 18 N.G.G.O.Colony Street 1 to 8?

The current guideline value for Block 18 N.G.G.O.Colony Street 1 to 8 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 from Rs 232 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of +374% over the years.

What is the registration office for this area?

The registration office for Block 18 N.G.G.O.Colony Street 1 to 8 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.

What other streets have the same guideline value in Ward B?

Other streets in Ward B with the same guideline value of Rs 1,100 per sq.ft include Block 18 Poosari Gounder Street, Block 18 Marappa Gounder Street T.S.89, Block 18 Marappa Gounder Street T.S.80, Block 18 S.K.C.Road (or) Street, Block 19 E.V.Nanjappa Street OR Periyanna Gounder Street T.S 14, and Block 17 S.K.Chenniappa Street.