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Guideline Value

Corporate

Guideline Value for Block 21 Chinnamuthu Street Main Road

₹1375/sq.ft.

The guideline value for Block 21 Chinnamuthu Street Main 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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹399 /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 21 Chinnamuthu Street Main Road

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Block 21 Chinnamuthu Street Main Road guideline value

The current guideline value for Block 21 Chinnamuthu Street Main Road is Rs 1,375 per sq.ft, effective from 1 July 2024. This property is located in Ward A village, under the Erode Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Block 21 Chinnamuthu Street Main Road has changed

The guideline value for Block 21 Chinnamuthu Street Main Road has undergone several revisions over the years. In 2002, the guideline value was Rs 105 per sq.ft. This increased to Rs 399 per sq.ft in 2003, marking a significant rise of 280%. The value continued to rise, reaching Rs 500 per sq.ft in 2007, which was an increase of 25%. By 2012, the value had jumped to Rs 1,250 per sq.ft, reflecting a 150% increase from the previous revision. However, it then decreased to Rs 837 per sq.ft in 2017, showing a decline of 33%. The value saw a substantial increase again, reaching Rs 1,250 per sq.ft in 2023, followed by a further increase to Rs 1,375 per sq.ft in 2024, a rise of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 1210%. There are no figures available for revisions in years not listed in the register.

Guideline values in Ward A

In Ward A, there are 111 streets that carry a guideline value for 2024, ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value is Rs 1,375 per sq.ft, which is equal to the current figure for Block 21 Chinnamuthu Street Main Road.

Stamp duty and registration fee for property in Block 21 Chinnamuthu Street Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 21 Chinnamuthu Street Main Road?

The Sub Registrar Office that covers Block 21 Chinnamuthu Street Main Road 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ward A. It is used to determine the stamp duty and registration fees that must be paid during the transaction, ensuring that the property is valued appropriately for legal purposes.

When registering a property, the guideline value is considered the minimum value for the transaction. Buyers and sellers should be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Block 21 Chinnamuthu Street Main Road?

The current guideline value for Block 21 Chinnamuthu Street Main 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 the years.

What are the other streets in Ward A with their guideline values?

Other streets in Ward A include Block 21 Krishnasamy Street at Rs 1,100 per sq.ft, Block 20 Varanavasi Street at Rs 825 per sq.ft, and Block 20 Thiru.V.K.Street at Rs 1,375 per sq.ft, among others.

What is the stamp duty rate for properties in Block 21 Chinnamuthu Street Main Road?

The stamp duty rate for properties in Block 21 Chinnamuthu Street Main Road is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Block 21 Chinnamuthu Street Main Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.