Guideline Value

Corporate

Guideline Value for Block 4 Madhavakadu

₹771/sq.ft.

The guideline value for Block 4 Madhavakadu in Ward A 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 A

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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹141 /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 4 Madhavakadu

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Block 4 Madhavakadu guideline value

The current guideline value for Block 4 Madhavakadu is Rs 771 per sq.ft, effective from 1 July 2024. This area falls under Ward A village and is classified as Residential Class II Type - III, managed by the Erode Joint I SRO.

How the guideline value of Block 4 Madhavakadu has changed

The guideline value for Block 4 Madhavakadu has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 105 per sq.ft. In 2003, it increased significantly to Rs 141 per sq.ft, marking a 34% rise. The 2007 revision set the value at Rs 500 per sq.ft, which was a substantial increase of 255%. However, in 2012, the value decreased to Rs 600 per sq.ft, reflecting a decline of 33%. The 2017 revision then raised it to Rs 402 per sq.ft, and the 2023 revision brought it up to Rs 700 per sq.ft, a 74% increase. The most recent revision in 2024 set the value at Rs 771 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 634%. The register has no figure for this street for the years not mentioned above.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value in this area is Rs 1,375 per sq.ft, indicating that Block 4 Madhavakadu's 2024 figure is below this median.

Stamp duty and registration fee for property in Block 4 Madhavakadu

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, totaling Rs 69,390. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Block 4 Madhavakadu?

The Sub Registrar Office that covers Block 4 Madhavakadu 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 details.

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

The guideline value is a crucial factor during property registration in Ward A. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Block 4 Madhavakadu?

The current guideline value of Block 4 Madhavakadu 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 105 in 2002 to Rs 771 in 2024, reflecting an overall increase of 634% over the years.

What is the registration office for Block 4 Madhavakadu?

The registration office for Block 4 Madhavakadu is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is stamp duty calculated for properties in Block 4 Madhavakadu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 7,71,000 would incur a stamp duty of Rs 53,970 at a rate of 7%.

What other streets are in Ward A with guideline values?

There are several other streets in Ward A with varying guideline values. For instance, Block 4 Krishnampalayam Road has a value of Rs 1,375 per sq.ft, while Block 4 Pudhumai Colony and Block 4 Chinnappa Layout both have values of Rs 770 per sq.ft.