Guideline Value

Corporate

Guideline Value for Block 3 Arumugam Street

₹771/sq.ft.

The guideline value for Block 3 Arumugam Street in Ward D 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 Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward D

Village

Erode Joint I

SRO

Residential Class II Type - III
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 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹181 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹161 /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 3 Arumugam Street

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Block 3 Arumugam Street guideline value

The current guideline value for Block 3 Arumugam Street is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Block 3 Arumugam Street has changed

The guideline value for Block 3 Arumugam Street has undergone several revisions since 2002. The register shows the following figures: in 2002, the value was Rs 161 per sq.ft, which increased to Rs 181 per sq.ft in 2003. Following this, the value rose significantly to Rs 250 per sq.ft in 2007, then to Rs 600 per sq.ft in 2012. However, it saw a decline to Rs 402 per sq.ft in 2017. The value then increased to Rs 700 per sq.ft in 2023, culminating in the current rate of Rs 771 per sq.ft in 2024.

The changes between these revisions are notable. From 2002 to 2024, there has been an overall increase of 379%. The most significant jump occurred between 2007 and 2012, with a rise of 140%. However, there was a decrease of 33% from 2012 to 2017. The most recent change from 2023 to 2024 reflects an increase of 10%.

Guideline values in Ward D

In Ward D, there are 200 streets that carry a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 3 Arumugam Street is below this median.

Stamp duty and registration fee for property in Block 3 Arumugam Street

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, bringing the total fees to Rs 69,390. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 3 Arumugam Street?

The Sub Registrar Office that covers Block 3 Arumugam 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 further assistance.

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

The guideline value is an essential factor in the registration process of property transactions in Ward D. It determines the minimum value at which properties can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is documented accurately, reflecting the official value set by the authorities. This value is crucial for both buyers and sellers to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Block 3 Arumugam Street?

The current guideline value of Block 3 Arumugam Street 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 from Rs 161 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 379% over this period.

What is the registration office for Block 3 Arumugam Street?

The registration office for Block 3 Arumugam Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in Block 3 Arumugam Street?

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 stamp duty would be Rs 53,970.

What other streets have similar guideline values in Ward D?

In Ward D, other streets with guideline values similar to Block 3 Arumugam Street include Block 3 K.A.S Nagar at Rs 771 per sq.ft and several others at Rs 770 per sq.ft.