Guideline Value

Corporate

Guideline Value for Block 20 Municipal Colony Road

₹1375/sq.ft.

The guideline value for Block 20 Municipal Colony Road in Ward A village (Erode Joint I SRO, Coimbatore zone) is Rs 1375 per sq.ft, effective 1 July 2024. It was Rs 1250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward A

Village

Erode Joint I

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1375 /sq.ft.
From 1-4-2023 ₹1250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹837 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹657 /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 20 Municipal Colony Road

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Block 20 Municipal Colony Road guideline value

The current guideline value of Block 20 Municipal Colony Road is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Ward A village, under the Erode Joint I SRO, with a land classification of Residential Class I Type - III.

How the guideline value of Block 20 Municipal Colony Road has changed

The guideline value for Block 20 Municipal Colony Road has seen several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 105 per sq.ft. This increased significantly to Rs 657 per sq.ft in 2003, marking a substantial rise of 526%. The value then continued to rise to Rs 900 per sq.ft in 2007, a 37% increase. In 2012, the value adjusted to Rs 1,250 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2017 revision saw another increase, bringing the value to Rs 837 per sq.ft, which was a 49% rise. The most recent revisions show a value of Rs 1,250 per sq.ft in 2023, followed by the current figure of Rs 1,375 per sq.ft in 2024, marking a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1210%. There are no figures available for the revisions in years other than those listed above for this street.

Guideline values in Ward A

In Ward A, there are 111 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 for these streets is Rs 1,375 per sq.ft, which is equal to the current guideline value for Block 20 Municipal Colony Road.

Stamp duty and registration fee for property in Block 20 Municipal Colony Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, making a total of Rs 1,23,750. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Block 20 Municipal Colony Road?

The Sub Registrar Office covering Block 20 Municipal Colony Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Ward A, the guideline value is used to calculate the stamp duty and registration fees payable at the time of registration.

It is essential to be aware that the guideline value can vary significantly between different streets and areas within the same village. This value is updated periodically to reflect changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value for Block 20 Municipal Colony Road?

The current guideline value for Block 20 Municipal Colony Road is Rs 1,375 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 105 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 1210% over this period.

What is the registration office for Block 20 Municipal Colony Road?

The registration office for Block 20 Municipal Colony Road 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 Block 20 Municipal Colony Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would be Rs 1,23,750.

What other streets have guideline values in Ward A?

Other streets in Ward A include Block 1 Samiyappa Street 1 2 3 Main Road at Rs 770 per sq.ft, Block 20 Thiru.V.K.Street at Rs 1,375 per sq.ft, and several others, with values ranging from Rs 770 to Rs 6,600 per sq.ft.