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Guideline Value

Corporate

Guideline Value for Block 28 Sathankaruku (or) Shanthikaruku 1 2 3

₹771/sq.ft.

The guideline value for Block 28 Sathankaruku (or) Shanthikaruku 1 2 3 in Ward E village (Erode Joint I SRO, Coimbatore zone) is Rs 771 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 Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward E

Village

Erode Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹771 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹224 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
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 Sathankaruku (or) Shanthikaruku 1 2 3

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Block 28 Sathankaruku (or) Shanthikaruku 1 2 3 guideline value

The current guideline value for Block 28 Sathankaruku (or) Shanthikaruku 1 2 3 is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward E, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 28 Sathankaruku (or) Shanthikaruku 1 2 3 has changed

The guideline value for this street has undergone several revisions over the years. In 2003, the guideline value was Rs 224 per sq.ft, which increased to Rs 350 per sq.ft in 2007. Following this, the value rose to Rs 500 per sq.ft in 2012, before dropping to Rs 335 per sq.ft in 2017. The value saw a significant increase to Rs 700 per sq.ft in 2023, and currently stands at Rs 771 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 244%. It is important to note that the register has no figure for this street in 2002.

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 28 Sathankaruku (or) Shanthikaruku 1 2 3 is below this median.

Stamp duty and registration fee for property in Block 28 Sathankaruku (or) Shanthikaruku 1 2 3

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, totaling Rs 69,390. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Block 28 Sathankaruku (or) Shanthikaruku 1 2 3?

The Sub Registrar Office that covers Block 28 Sathankaruku (or) Shanthikaruku 1 2 3 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 details.

How the guideline value is used when you buy or sell in Ward E

The guideline value is a crucial factor during the registration of property transactions in Ward E. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

When buying or selling property, the guideline value helps establish a fair price for the property, as it reflects the official valuation set by the government. This value is essential for both parties to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Block 28 Sathankaruku (or) Shanthikaruku 1 2 3?

The current guideline value for Block 28 Sathankaruku (or) Shanthikaruku 1 2 3 is Rs 771 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 224 per sq.ft in 2003 to Rs 771 per sq.ft in 2024, which is an overall increase of 244%.

What is the land classification for this property?

Block 28 Sathankaruku (or) Shanthikaruku 1 2 3 is classified as Residential Class III Type - I.

Where is the Sub Registrar Office located?

The Erode Joint I Sub Registrar Office is 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 higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would amount to Rs 53,970.