Guideline Value

Corporate

Guideline Value for Block 31 Manal Medu

₹771/sq.ft.

The guideline value for Block 31 Manal Medu in Ward B 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 B

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 ₹232 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹207 /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 Manal Medu

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Block 31 Manal Medu guideline value

The current guideline value of Block 31 Manal Medu is Rs 771 per sq.ft, effective from 1 July 2024. This area falls under Ward B village and is classified as Residential Class II Type - III, governed by the Erode Joint I SRO.

How the guideline value of Block 31 Manal Medu has changed

The guideline value for Block 31 Manal Medu has seen several revisions over the years. The earliest recorded value in 2002 was Rs 207 per sq.ft, which increased to Rs 232 per sq.ft in 2003, marking an increase of 12%. By 2007, the value rose significantly to Rs 250 per sq.ft, an increase of 8%. The value further increased to Rs 600 per sq.ft in 2012, reflecting a notable growth of 140%. However, it then decreased to Rs 402 per sq.ft in 2017, showing a decline of 33%. The value climbed to Rs 700 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 771 per sq.ft, which is an increase of 10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 272%. There are no figures available for the revisions in years other than those specified.

Guideline values in Ward B

In Ward B, there are 170 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Block 31 Manal Medu is below this median.

Stamp duty and registration fee for property in Block 31 Manal Medu

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 is calculated at 7%, which totals Rs 53,970, while the registration fee at 2% is Rs 15,420. Together, the total cost for these fees is Rs 69,390. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 31 Manal Medu?

The Sub Registrar Office that covers Block 31 Manal Medu 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 is a crucial factor when registering property transactions in Ward B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded at a fair value as per the local regulations. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Block 31 Manal Medu?

The current guideline value of Block 31 Manal Medu 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 207 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, showing an overall increase of 272% across the years.

What are the stamp duty and registration fees for property in Block 31 Manal Medu?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 69,390.

Which office handles property registrations in this area?

The Erode Joint I Sub Registrar Office handles property registrations for Block 31 Manal Medu, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 31 Manal Medu?

Block 31 Manal Medu is classified as Residential Class II Type - III, indicating its suitability for residential development.