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Guideline Value

Corporate

Guideline Value for Block 22 SouthMuhamadhiyarStreet(or)OoriStreet

₹1100/sq.ft.

The guideline value for Block 22 Southmuhamadhiyarstreet(or)ooristreet in Ward D 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 D

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 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹581 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹518 /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 22 Southmuhamadhiyarstreet(or)ooristreet

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Block 22 SouthMuhamadhiyarStreet(or)OoriStreet guideline value

The current guideline value for Block 22 SouthMuhamadhiyarStreet(or)OoriStreet is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward D village, under the Erode Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Block 22 SouthMuhamadhiyarStreet(or)OoriStreet has changed

Since the year 2002, the guideline value for Block 22 SouthMuhamadhiyarStreet(or)OoriStreet has undergone several revisions. The figures are as follows: in 2002, the value was Rs 518 per sq.ft; in 2003, it increased to Rs 581 per sq.ft; in 2007, it rose to Rs 750 per sq.ft; in 2012, it returned to Rs 1,000 per sq.ft; in 2017, it decreased to Rs 670 per sq.ft; in 2023, it was Rs 1,000 per sq.ft; and finally, in 2024, it is Rs 1,100 per sq.ft.

The changes between these revisions are notable. From 2002 to 2024, the overall increase is 112%. The most significant change occurred from 2017 to 2023, where the value increased by 49%. However, there was a decrease from 2012 to 2017 of 33%. The change from 2023 to 2024 is an increase of 10%.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value is Rs 798 per sq.ft, placing Block 22 SouthMuhamadhiyarStreet(or)OoriStreet above this median.

Stamp duty and registration fee for property in Block 22 SouthMuhamadhiyarStreet(or)OoriStreet

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 22 SouthMuhamadhiyarStreet(or)OoriStreet?

The Sub Registrar Office that covers Block 22 SouthMuhamadhiyarStreet(or)OoriStreet 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 D

The guideline value is a crucial factor during property registration in Ward D. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty. This value must be considered by both buyers and sellers to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value for Block 22 SouthMuhamadhiyarStreet(or)OoriStreet?

The current guideline value for Block 22 SouthMuhamadhiyarStreet(or)OoriStreet 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 518 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 112% over the years.

What is the classification of the land in Block 22 SouthMuhamadhiyarStreet(or)OoriStreet?

The land in Block 22 SouthMuhamadhiyarStreet(or)OoriStreet is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Block 22 SouthMuhamadhiyarStreet(or)OoriStreet is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What are the stamp duty and registration fees for this property?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.