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Guideline Value

Corporate

Guideline Value for Block 29 Old Railway Station Road

₹771/sq.ft.

The guideline value for Block 29 Old Railway Station Road 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 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹245 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹216 /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 Old Railway Station Road

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Block 29 Old Railway Station Road guideline value

The current guideline value of Block 29 Old Railway Station Road is Rs 771 per sq.ft. This property is located in Ward E village, under the Erode Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Block 29 Old Railway Station Road has changed

Since 2002, the guideline value for Block 29 Old Railway Station Road has undergone several revisions. The value started at Rs 216 per sq.ft in 2002, increased to Rs 245 per sq.ft in 2003, and then saw a significant rise to Rs 350 per sq.ft in 2007. Following this, the value increased to Rs 400 per sq.ft in 2012, but then dropped to Rs 335 per sq.ft in 2017. The value then rose sharply to Rs 700 per sq.ft in 2023, and most recently, it has been revised to Rs 771 per sq.ft effective from 1 July 2024. There are no figures available for the years not mentioned in this register.

Overall, from 2002 to 2024, the guideline value has increased by 257%. The most notable changes occurred between 2017 and 2023, with an increase of 109%, and from 2023 to 2024, which saw a rise of 10%.

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. Block 29 Old Railway Station Road's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Block 29 Old Railway Station Road

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, while the registration fee at 2% would be Rs 15,420. Together, these fees would total Rs 69,390. 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 29 Old Railway Station Road?

The Sub Registrar Office that covers Block 29 Old Railway Station 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 a crucial factor in the registration process when buying or selling property. It determines the minimum value on which stamp duty and registration fees are calculated. This ensures that the transaction is documented at a value that reflects the current market conditions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Block 29 Old Railway Station Road?

The current guideline value of Block 29 Old Railway Station Road 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 from Rs 216 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of 257% over this period.

What is the stamp duty for properties in Block 29 Old Railway Station Road?

The stamp duty for properties in Block 29 Old Railway Station Road is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Block 29 Old Railway Station Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What other streets in Ward E have guideline values?

Other streets in Ward E have varying guideline values, with rates ranging from Rs 770 to Rs 6,600 per sq.ft. Some examples include Block 29 Nethaji Road at Rs 1,375 per sq.ft and Block 2 Chidambaram colony at Rs 1,925 per sq.ft.