Guideline Value

Corporate

Guideline Value for Block 32 Chennimalai Road

₹1100/sq.ft.

The guideline value for Block 32 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 ₹347 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹309 /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 32 Chennimalai Road

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Block 32 Chennimalai Road guideline value

The current guideline value for Block 32 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, and is classified as Residential Class II Type - I.

How the guideline value of Block 32 Chennimalai Road has changed

The guideline value for Block 32 Chennimalai Road has seen several revisions over the years. In 2002, the guideline value was Rs 309 per sq.ft. This figure increased to Rs 347 per sq.ft in 2003, marking a 12% rise. The value continued to climb to Rs 500 per sq.ft in 2007, reflecting a 44% increase. By 2012, the value reached Rs 1,000 per sq.ft, which was a significant 100% increase from the previous revision. However, the value dropped to Rs 670 per sq.ft in 2017, indicating a 33% decrease. The guideline value then rose to Rs 1,000 per sq.ft in 2023, before reaching the current rate of Rs 1,100 per sq.ft in 2024, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 256%. The register does not have figures for any other revisions for this street.

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. The median value is Rs 1,100 per sq.ft, which is equal to the 2024 figure for Block 32 Chennimalai Road.

Stamp duty and registration fee for property in Block 32 Chennimalai Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, leading to a total of Rs 99,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Block 32 Chennimalai Road?

The Sub Registrar Office that covers Block 32 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 is a crucial factor during the registration of property transactions in Ward B. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it influences the overall costs involved in the transaction. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Block 32 Chennimalai Road?

The current guideline value for Block 32 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 significantly, increasing from Rs 309 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, which is an overall increase of 256%.

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

Other streets in Ward B include Block 32 E.V.Nanjappa Street at Rs 1,375 per sq.ft, Block 32 Goodshed Opp.Huts at Rs 770 per sq.ft, and several others, with the median value being Rs 1,100 per sq.ft.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 99,000.

Where can I find the Sub Registrar Office for Block 32 Chennimalai Road?

The Sub Registrar Office for Block 32 Chennimalai Road is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.