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Guideline Value

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Guideline Value for Block 25 Bala Subbarayalu Naidu Street

₹772/sq.ft.

The guideline value for Block 25 Bala Subbarayalu Naidu Street in Ward E village (Erode Joint I SRO, Coimbatore zone) is Rs 772 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward E

Village

Erode Joint I

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹772 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /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 25 Bala Subbarayalu Naidu Street

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Block 25 Bala Subbarayalu Naidu Street guideline value

The current guideline value of Block 25 Bala Subbarayalu Naidu Street is Rs 772 per sq.ft, effective from 1 July 2024. This street is located in Ward E village under the Erode Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Block 25 Bala Subbarayalu Naidu Street has changed

The guideline value for Block 25 Bala Subbarayalu Naidu Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 359 per sq.ft. It increased to Rs 406 per sq.ft in 2003, marking a 13% rise. The 2007 revision saw the value increase to Rs 500 per sq.ft, a 23% change. In 2012, the value adjusted to Rs 600 per sq.ft, reflecting a 20% increase. However, it then decreased to Rs 402 per sq.ft in 2017, which was a significant drop of 33%. The value rose again to Rs 700 per sq.ft in 2023, a 74% increase, and finally reached Rs 772 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

There are no figures available for revisions in any other years for this street. The overall change from 2002 to 2024 is an increase of 115%.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 825 per sq.ft, placing Block 25 Bala Subbarayalu Naidu Street's 2024 figure below that median.

Stamp duty and registration fee for property in Block 25 Bala Subbarayalu Naidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 772 per sq.ft, the total guideline value amounts to Rs 7,72,000. The stamp duty at 7% would be Rs 54,040, and the registration fee at 2% would be Rs 15,440, bringing the total to Rs 69,480. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 25 Bala Subbarayalu Naidu Street?

The Sub Registrar Office that covers Block 25 Bala Subbarayalu Naidu 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 E

The guideline value plays a crucial role in the registration process when buying or selling property in Ward E. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer and seller must consider the guideline value for calculating the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Block 25 Bala Subbarayalu Naidu Street?

The current guideline value of Block 25 Bala Subbarayalu Naidu Street is Rs 772 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, starting from Rs 359 per sq.ft in 2002 and reaching Rs 772 per sq.ft in 2024, which is an overall increase of 115%.

What is the registration office for this street?

The registration office for Block 25 Bala Subbarayalu Naidu Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode - 638009, Coimbatore registration zone.

How is 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 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 54,040.

What are the guideline values of other streets in Ward E?

Other streets in Ward E have varying guideline values. For instance, Block 25 Gandhiji Road has a guideline value of Rs 3,300 per sq.ft, while Block 25 Madhavakrishna Street is at Rs 1,100 per sq.ft.