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Guideline Value

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Guideline Value for Block 22 Vaniyar Street (or) Kovalan Street

₹1100/sq.ft.

The guideline value for Block 22 Vaniyar Street (or) Kovalan Street in Ward C 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 C

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 ₹540 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹482 /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 Vaniyar Street (or) Kovalan Street

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Block 22 Vaniyar Street (or) Kovalan Street guideline value

The current guideline value of Block 22 Vaniyar Street (or) Kovalan Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Block 22 Vaniyar Street (or) Kovalan Street has changed

The guideline value for Block 22 Vaniyar Street (or) Kovalan Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 482 per sq.ft. This value increased to Rs 540 per sq.ft in 2003, marking a 12% rise. Following this, the value rose to Rs 750 per sq.ft in 2007, reflecting a 39% increase. In 2012, the value was Rs 1,000 per sq.ft, which was a 33% decrease from the previous revision. The 2017 revision saw a significant increase to Rs 670 per sq.ft, which was a 49% rise from the 2012 figure. The value then increased to Rs 1,000 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, representing a 10% increase from the previous year.

There are no figures recorded for the years other than those mentioned. Overall, from 2002 to 2024, the guideline value has increased by 128%.

Guideline values in Ward C

In Ward C, there are 250 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 guideline value in this area is Rs 1,375 per sq.ft, indicating that the 2024 figure for Block 22 Vaniyar Street (or) Kovalan Street is below this median.

Stamp duty and registration fee for property in Block 22 Vaniyar Street (or) Kovalan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the 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 22 Vaniyar Street (or) Kovalan Street?

The Sub Registrar Office that covers Block 22 Vaniyar Street (or) Kovalan Street 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 C

The guideline value plays a crucial role during property registration in Ward C. It is used to determine the stamp duty and registration fees that need to be paid at the time of transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is assessed to calculate the applicable fees. This ensures that the transaction reflects the official value set by the authorities, providing a standardized approach to property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 22 Vaniyar Street (or) Kovalan Street?

The current guideline value for Block 22 Vaniyar Street (or) Kovalan Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 482 per sq.ft to Rs 1,100 per sq.ft in 2024, marking an overall increase of 128%.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Block 22 Vaniyar Street (or) Kovalan Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Sub Registrar Office for Block 22 Vaniyar Street (or) Kovalan Street is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the median guideline value in Ward C?

The median guideline value in Ward C is Rs 1,375 per sq.ft, which is above the current guideline value for Block 22 Vaniyar Street (or) Kovalan Street.