Guideline Value

Corporate

Guideline Value for Block 3 K.A.S Nagar

₹771/sq.ft.

The guideline value for Block 3 K.a.s Nagar 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 ₹248 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹220 /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 K.a.s Nagar

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Block 3 K.A.S Nagar guideline value

The current guideline value of Block 3 K.A.S Nagar is Rs 771 per sq.ft, effective from 1 July 2024. This area 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 K.A.S Nagar has changed

The guideline value for Block 3 K.A.S Nagar has undergone several revisions over the years. The earliest recorded value was Rs 220 per sq.ft in 2002. This increased to Rs 248 per sq.ft in 2003, marking a growth of 13%. The value saw a slight increase to Rs 250 per sq.ft in 2007, which is a rise of 1%. However, from 2007 to 2012, the value increased significantly to Rs 600 per sq.ft, reflecting a 140% change. The 2017 revision set the value at Rs 402 per sq.ft, which was a decrease of 33% from the previous figure. The guideline value then rose to Rs 700 per sq.ft in 2023, a 74% increase, and finally to Rs 771 per sq.ft in 2024, marking a 10% increase.

There are no figures available for the revisions in the years not listed above for this street.

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 of Block 3 K.A.S Nagar is below this median.

Stamp duty and registration fee for property in Block 3 K.A.S Nagar

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, and the registration fee at 2% would be Rs 15,420, totaling Rs 69,390. 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 3 K.A.S Nagar?

The Sub Registrar Office that covers Block 3 K.A.S Nagar 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 D

The guideline value is a crucial factor when registering property transactions in Ward D. It determines the minimum value for which a property can be registered, ensuring that the state receives the appropriate stamp duty and registration fees. Buyers and sellers must consider this value to comply with legal requirements during the transaction process.

When a property is sold, the guideline value serves as a benchmark for the sale price. If the sale price is lower than the guideline value, the duty is charged based on the guideline value, ensuring that the state collects the necessary revenue from property transactions.

Frequently asked questions

What is the current guideline value of Block 3 K.A.S Nagar?

The current guideline value of Block 3 K.A.S Nagar 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 220 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, showing an overall increase of 250% over this period.

What is the registration office for Block 3 K.A.S Nagar?

The registration office for Block 3 K.A.S Nagar 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 property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 7,71,000, the stamp duty at 7% would be Rs 53,970.

What are the other streets in Ward D with similar guideline values?

Other streets in Ward D include Block 3 Marudhaveeran Lane and Block 3 Muthukaruppan Lane, both with a guideline value of Rs 770 per sq.ft. Block 3 Arumugam Street and Block 3 Vaikkal Marappalam Road have a guideline value of Rs 771 per sq.ft.