Guideline Value

Corporate

Guideline Value for Block 29 Nethaji Road

₹1375/sq.ft.

The guideline value for Block 29 Nethaji Road in Ward E village (Erode Joint I SRO, Coimbatore zone) is Rs 1375 per sq.ft, effective 1 July 2024. It was Rs 1250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward E

Village

Erode Joint I

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1375 /sq.ft.
From 1-4-2023 ₹1250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹837 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1250 /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 29 Nethaji Road

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Block 29 Nethaji Road guideline value

The current guideline value of Block 29 Nethaji Road is Rs 1,375 per sq.ft, effective from 1 July 2024. This property is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Block 29 Nethaji Road has changed

The guideline value for Block 29 Nethaji Road has seen several revisions over the years. In 2002, the guideline value was Rs 359 per sq.ft, which increased to Rs 406 per sq.ft in 2003, marking a 13% rise. By 2007, the value further increased to Rs 500 per sq.ft, showing a 23% growth. The 2012 revision saw a decrease to Rs 1,250 per sq.ft, a decline of 150% from the previous figure. In 2017, the value rose again to Rs 837 per sq.ft, reflecting a 49% increase. The 2023 revision set the value at Rs 1,250 per sq.ft, and the most recent revision in 2024 has increased it to Rs 1,375 per sq.ft, which is a 10% rise.

There are no figures available for revisions in the years not listed above. Overall, from 2002 to 2024, the guideline value has increased by 283%.

Guideline values in Ward E

In Ward E, the guideline values for 2024 range 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 29 Nethaji Road is above this median.

Stamp duty and registration fee for property in Block 29 Nethaji Road

For a 1,000 sq.ft plot at the current rate of Rs 1,375 per sq.ft, the guideline value amounts to Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, totaling Rs 1,23,750. 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 further calculations.

Which Sub Registrar Office covers Block 29 Nethaji Road?

The Sub Registrar Office that covers Block 29 Nethaji 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 that need to be paid at the time of registration. Buyers and sellers should be aware of the current guideline value to ensure accurate financial planning during the transaction process.

When a property is bought or sold, the guideline value serves as a benchmark for the valuation of the property. This value is crucial for calculating the applicable taxes and fees, making it important for all parties involved in the transaction to be informed about the latest figures.

Frequently asked questions

What is the current guideline value of Block 29 Nethaji Road?

The current guideline value of Block 29 Nethaji Road is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 359 per sq.ft in 2002 to Rs 1,375 per sq.ft in 2024, reflecting an overall increase of 283% over the years.

What is the registration office for Block 29 Nethaji Road?

The registration office for Block 29 Nethaji Road 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 29 Nethaji Road?

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 rate, the total stamp duty would be Rs 96,250.

What are the other streets in Ward E and their guideline values?

Other streets in Ward E include Block 29 Old Railway Station Road, Block 29 Railway Colony, Block 29 L.G.G.S Colony, Block 2 Chidambaram colony, Block 29 Alamarathu Huts, and Block 29 Agathi Perumal Kovil Huts, with varying guideline values for 2024.