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Guideline Value

Corporate

Guideline Value for Block 23 Palanimalai Street

₹1100/sq.ft.

The guideline value for Block 23 Palanimalai 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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹404 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹360 /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 23 Palanimalai Street

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Block 23 Palanimalai Street guideline value

The current guideline value of Block 23 Palanimalai 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 falls under the Residential Class II Type - I land classification.

How the guideline value of Block 23 Palanimalai Street has changed

The guideline value for Block 23 Palanimalai Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 360 per sq.ft. It increased to Rs 404 per sq.ft in 2003, marking a 12% rise. The value saw further increments, reaching Rs 500 per sq.ft in 2007, which was a 24% increase from the previous figure. The 2012 revision recorded a value of Rs 1,000 per sq.ft, reflecting a significant 100% increase from 2007. However, between the 2012 and 2017 revisions, the value decreased to Rs 670 per sq.ft, a drop of 33%.

From 2017 to 2023, the guideline value rose to Rs 1,000 per sq.ft, showing a substantial increase of 49%. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, marking a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 206%.

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, with a median value of Rs 1,375 per sq.ft. The guideline value of Block 23 Palanimalai Street is below this median.

Stamp duty and registration fee for property in Block 23 Palanimalai 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 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 23 Palanimalai Street?

The Sub Registrar Office that covers Block 23 Palanimalai 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 is a crucial factor during the registration of property transactions in Ward C. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the financial obligations involved in the registration process. This ensures that the appropriate fees are collected based on the established value of the property.

Frequently asked questions

What is the current guideline value of Block 23 Palanimalai Street?

The current guideline value of Block 23 Palanimalai Street 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 360 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 206% over this period.

What was the guideline value in 2023?

In 2023, the guideline value for Block 23 Palanimalai Street was Rs 1,000 per sq.ft.

Where can I find the registration office for Block 23 Palanimalai Street?

The registration office for Block 23 Palanimalai Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.