Guideline Value

Corporate

Guideline Value for Block 31 Chennimalai Road

₹1100/sq.ft.

The guideline value for Block 31 Chennimalai Road in Ward B village (Erode Joint I SRO, Coimbatore zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward B

Village

Erode Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹424 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹378 /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 31 Chennimalai Road

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Block 31 Chennimalai Road guideline value

The current guideline value for Block 31 Chennimalai Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Ward B village under the Erode Joint I SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Block 31 Chennimalai Road has changed

The guideline value for Block 31 Chennimalai Road has seen several revisions over the years. Starting from Rs 378 per sq.ft in 2002, it increased to Rs 424 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 500 per sq.ft in 2007, reflecting an 18% increase. In 2012, the value reached Rs 1,000 per sq.ft, which was a significant 100% increase from the previous revision.

Following this, the value decreased to Rs 670 per sq.ft in 2017, showing a decline of 33%. The most recent revisions saw the value rise again to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024, marking a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 191%.

Guideline values in Ward B

In Ward B, there are 170 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 the median value being Rs 1,100 per sq.ft. The guideline value for Block 31 Chennimalai Road aligns with this median.

Stamp duty and registration fee for property in Block 31 Chennimalai Road

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 31 Chennimalai Road?

The Sub Registrar Office that covers Block 31 Chennimalai 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 B

The guideline value plays a crucial role during the registration of property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buyers and sellers engage in a property transaction, the guideline value is used to calculate the applicable fees. It ensures that the registration process is transparent and that the fees are based on an established value rather than arbitrary figures.

Frequently asked questions

What is the current guideline value for Block 31 Chennimalai Road?

The current guideline value for Block 31 Chennimalai Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 378 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 191% over the years.

What is the median guideline value in Ward B?

The median guideline value in Ward B is Rs 1,100 per sq.ft, which is the same as the current value for Block 31 Chennimalai Road.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 99,000, calculated based on the guideline value of Rs 11,00,000.

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

The Sub Registrar Office for Block 31 Chennimalai Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.