Guideline Value

Corporate

Guideline Value for Block 34 Brough Road Main Road Part 1

₹4400/sq.ft.

The guideline value for Block 34 Brough Road Main Road Part 1 in Ward C village (Erode Joint I SRO, Coimbatore zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward C

Village

Erode Joint I

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1345 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1201 /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 34 Brough Road Main Road Part 1

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Block 34 Brough Road Main Road Part 1 guideline value

The current guideline value for Block 34 Brough Road Main Road Part 1 is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Ward C, under the Erode Joint I SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Block 34 Brough Road Main Road Part 1 has changed

The guideline value for Block 34 Brough Road Main Road Part 1 has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 1,201 per sq.ft. In 2003, it increased to Rs 1,345 per sq.ft, reflecting a change of +12%. The value then rose significantly to Rs 2,000 per sq.ft in 2007, marking an increase of +49%. The 2012 revision saw a decrease to Rs 4,000 per sq.ft, a drop of -33%. However, by 2017, the value rebounded to Rs 2,680 per sq.ft, with an increase of +49%. The 2023 revision set the value at Rs 4,000 per sq.ft, and the most recent 2024 revision has increased it to Rs 4,400 per sq.ft, representing a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +266%. There are no figures available for the revisions in years other than those specified.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 34 Brough Road Main Road Part 1 above this median.

Stamp duty and registration fee for property in Block 34 Brough Road Main Road Part 1

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 34 Brough Road Main Road Part 1?

The Sub Registrar Office that covers Block 34 Brough Road Main Road Part 1 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ward C

The guideline value is a crucial factor in property transactions within Ward C. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs reflect the official valuation of the property.

When buying or selling property, the guideline value helps determine the legal obligations for registration. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value for Block 34 Brough Road Main Road Part 1?

The current guideline value for Block 34 Brough Road Main Road Part 1 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,201 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing an overall increase of +266% over the years.

What is the land classification for this property?

Block 34 Brough Road Main Road Part 1 is classified as Commercial Class I Type - I, indicating its intended use for commercial purposes.

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

The Sub Registrar Office for Block 34 Brough Road Main Road Part 1 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000. These fees are based on the guideline value or the sale price, whichever is higher.