Guideline Value

Corporate

Guideline Value for Block 28 Railway Colony Road

₹1100/sq.ft.

The guideline value for Block 28 Railway Colony Road 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 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹527 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹466 /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 28 Railway Colony Road

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Block 28 Railway Colony Road guideline value

The current guideline value of Block 28 Railway Colony Road 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 28 Railway Colony Road has changed

Since the 2002 revision, the guideline value for Block 28 Railway Colony Road has seen significant changes. In 2002, the value was Rs 466 per sq.ft, which increased to Rs 527 per sq.ft in 2003, marking a 13% rise. The value then increased to Rs 750 per sq.ft in 2007, a 42% increase from the previous year. In 2012, the value was Rs 1,000 per sq.ft, reflecting a 33% decrease from 2007. The 2017 revision saw a return to Rs 670 per sq.ft, a 49% increase from 2012. The value was Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 1,100 per sq.ft, a 10% increase from the previous year.

There are no figures available for the years not mentioned in the revisions for this street. Overall, from 2002 to 2024, the guideline value has increased by 136%.

Guideline values in Ward E

In Ward E, there are 196 streets that carry 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 28 Railway Colony Road above this median.

Stamp duty and registration fee for property in Block 28 Railway Colony Road

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. 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 28 Railway Colony Road?

The Sub Registrar Office that covers Block 28 Railway Colony Road 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 an essential factor in property transactions in Ward E. It is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value is often referred to for calculating the necessary fees. It serves as a benchmark for the official valuation of the property, helping to standardize property transactions within the region.

Frequently asked questions

What is the current guideline value of Block 28 Railway Colony Road?

The current guideline value of Block 28 Railway Colony Road 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 466 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 136% over the years.

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

The stamp duty rate for properties in Block 28 Railway Colony Road is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Block 28 Railway Colony Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

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

Other streets in Ward E include Block 28 Poondhurai Road and Block 28 Railway Station Road, among others, with varying guideline values. For example, Block 28 Poondhurai Road has a guideline value of Rs 1,100 per sq.ft in 2024.