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Guideline Value

Corporate

Guideline Value for Block 19 Municipal Colony Road 1 to 5

₹2750/sq.ft.

The guideline value for Block 19 Municipal Colony Road 1 To 5 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 ₹1750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹618 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹105 /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 19 Municipal Colony Road 1 To 5

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Block 19 Municipal Colony Road 1 to 5 guideline value

The current guideline value for Block 19 Municipal Colony Road 1 to 5 is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ward A village under the Erode Joint I SRO, classified as Commercial Class I Type - III.

How the guideline value of Block 19 Municipal Colony Road 1 to 5 has changed

The guideline value for Block 19 Municipal Colony Road 1 to 5 has seen several revisions over the years. In 2002, the guideline value was Rs 105 per sq.ft, which increased to Rs 618 per sq.ft in 2003, marking a significant rise of 489%. Following this, the value rose to Rs 1,750 per sq.ft in 2007, a change of 183%. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a 43% increase from the previous revision. However, in 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a drop of 33%. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the current 2024 revision increased it further to Rs 2,750 per sq.ft, a rise of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 2519%. There are no figures for the revisions of years not listed in the register for this street.

Guideline values in Ward A

In Ward A, there are 111 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 for these streets is Rs 1,375 per sq.ft, placing Block 19 Municipal Colony Road 1 to 5 above this median.

Stamp duty and registration fee for property in Block 19 Municipal Colony Road 1 to 5

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 19 Municipal Colony Road 1 to 5?

The Sub Registrar Office that covers Block 19 Municipal Colony Road 1 to 5 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 A

The guideline value is a crucial factor when registering property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction process.

When you buy or sell property, the guideline value is used to calculate the applicable duties and fees, ensuring that all transactions are recorded accurately and transparently in accordance with local regulations.

Frequently asked questions

What is the current guideline value for Block 19 Municipal Colony Road 1 to 5?

The current guideline value for Block 19 Municipal Colony Road 1 to 5 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 from Rs 105 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 2519% over the years.

What is the classification of land for Block 19 Municipal Colony Road 1 to 5?

The land classification for Block 19 Municipal Colony Road 1 to 5 is Commercial Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Block 19 Municipal Colony Road 1 to 5 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for property transactions?

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 27,50,000 will incur a stamp duty of Rs 1,92,500 at a rate of 7%.