Guideline Value

Corporate

Guideline Value for Block 20 Nethaji Road Part-1

₹1375/sq.ft.

The guideline value for Block 20 Nethaji Road Part-1 in Ward E 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 E

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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹406 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹359 /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 Nethaji Road Part-1

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Block 20 Nethaji Road Part-1 guideline value

The current guideline value for Block 20 Nethaji Road Part-1 is Rs 1,375 per sq.ft, effective from 1 July 2024. This street is located in Erode village and falls under the Erode Joint I SRO, classified as Residential Class I Type - III.

How the guideline value of Block 20 Nethaji Road Part-1 has changed

The guideline value for Block 20 Nethaji Road Part-1 has undergone several revisions over the years. In 2002, the value was Rs 359 per sq.ft, which increased to Rs 406 per sq.ft in 2003, marking a change of +13%. The value then rose to Rs 500 per sq.ft in 2007, reflecting a significant increase of +23%. In 2012, the value was Rs 1,250 per sq.ft, which was a substantial increase of +150%. However, it decreased to Rs 837 per sq.ft in 2017, indicating a drop of -33%. The value then rose again to Rs 1,250 per sq.ft in 2023, followed by a final increase to the current value of Rs 1,375 per sq.ft in 2024, representing a change of +10%. There are no figures available for the years not mentioned in this register for this street.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 20 Nethaji Road Part-1 is above this median.

Stamp duty and registration fee for property in Block 20 Nethaji Road Part-1

For a 1,000 sq.ft plot at the current rate of Rs 1,375 per sq.ft, the guideline value would be 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, totaling Rs 1,23,750. 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 20 Nethaji Road Part-1?

The Sub Registrar Office that covers Block 20 Nethaji Road Part-1 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 E

The guideline value is an essential factor when registering property transactions in Ward E. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Block 20 Nethaji Road Part-1?

The current guideline value of Block 20 Nethaji Road Part-1 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 several times, starting from Rs 359 per sq.ft in 2002 to the current value of Rs 1,375 per sq.ft in 2024, reflecting an overall increase of +283% since 2002.

What is the classification of the land on Block 20 Nethaji Road Part-1?

Block 20 Nethaji Road Part-1 is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What are the other streets in Ward E and their guideline values?

Other streets in Ward E include Block 20 Pattakkar Street at Rs 1,100 per sq.ft, Block 20 Periyapallam Huts at Rs 771 per sq.ft, and Block 20 Poondurai Road at Rs 1,650 per sq.ft, among others.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250 at a rate of 7%.