Guideline Value

Corporate

Guideline Value for Block 3 Thirunagar Colony

₹2200/sq.ft.

The guideline value for Block 3 Thirunagar Colony in Ward A village (Erode Joint I SRO, Coimbatore zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward A

Village

Erode Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹420 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹105 /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 Thirunagar Colony

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Block 3 Thirunagar Colony guideline value

The current guideline value for Block 3 Thirunagar Colony is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Ward A village under the Erode Joint I SRO, classified as Residential Special Type - I.

How the guideline value of Block 3 Thirunagar Colony has changed

The guideline value for Block 3 Thirunagar Colony has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 105 per sq.ft. It increased significantly to Rs 420 per sq.ft in 2003, followed by a substantial rise to Rs 500 per sq.ft in 2007. The value then saw a dramatic jump to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,200 per sq.ft.

Looking at the changes, the guideline value increased by 300% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. There was a significant increase of 49% from 2017 to 2023, and finally, a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1995%.

Guideline values in Ward A

In Ward A, there are 111 streets that carry a 2024 guideline value, ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 3 Thirunagar Colony is above this median.

Stamp duty and registration fee for property in Block 3 Thirunagar Colony

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Block 3 Thirunagar Colony?

The Sub Registrar Office covering Block 3 Thirunagar Colony 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 A

The guideline value is a crucial factor during the registration of property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When buyers and sellers engage in a transaction, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Block 3 Thirunagar Colony?

The current guideline value for Block 3 Thirunagar Colony is Rs 2,200 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 105 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1995% over this period.

What are the other streets in Ward A with their guideline values?

Other streets in Ward A have varying guideline values. For example, Block 3 Samiyappa Street Main Road is Rs 1,100 per sq.ft, while Block 3 Pudhumai Colony and Block 3 Krishnampalayam Harijan Colony are both Rs 770 per sq.ft.

How is the stamp duty calculated for properties in Block 3 Thirunagar Colony?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,54,000.

Where can I find the Sub Registrar Office for Block 3 Thirunagar Colony?

The Sub Registrar Office for Block 3 Thirunagar Colony is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009. You can find more information on how to locate your SRO.