Guideline Value

Corporate

Guideline Value for Block 25 Madhavakrishna Street

₹1100/sq.ft.

The guideline value for Block 25 Madhavakrishna Street in Ward E 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 E

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 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹353 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹312 /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 Madhavakrishna Street

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Block 25 Madhavakrishna Street guideline value

The current guideline value of Block 25 Madhavakrishna Street is Rs 1,100 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 - I.

How the guideline value of Block 25 Madhavakrishna Street has changed

The guideline value for Block 25 Madhavakrishna Street has seen several revisions over the years. In 2002, the guideline value was Rs 312 per sq.ft, which increased to Rs 353 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 400 per sq.ft in 2007, a further 13% increase. Following this, the value jumped significantly to Rs 1,000 per sq.ft in 2012, reflecting a 150% increase. However, it decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, and finally reached Rs 1,100 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 253%. There are no figures available for the years not mentioned in the revisions for this street.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Block 25 Madhavakrishna Street is above this median.

Stamp duty and registration fee for property in Block 25 Madhavakrishna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, bringing the total fees to Rs 99,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 25 Madhavakrishna Street?

The Sub Registrar Office that covers Block 25 Madhavakrishna 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 is a crucial factor when registering property in Ward E. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Block 25 Madhavakrishna Street?

The current guideline value of Block 25 Madhavakrishna 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 312 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 253% over the years.

What is the registration office for Block 25 Madhavakrishna Street?

The registration office for Block 25 Madhavakrishna 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 Block 25 Madhavakrishna Street?

Stamp duty for properties in Block 25 Madhavakrishna Street is calculated at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same value.

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

Other streets in Ward E have varying guideline values, ranging from Rs 771 to Rs 3,300 per sq.ft. For example, Block 25 Manickam Theatre Road has a value of Rs 1,925 per sq.ft, while Block 25 Mosikeeranar Street has a value of Rs 771 per sq.ft.