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Guideline Value

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Guideline Value for Block 6 K.N.Kuppusamy Pillai Road Main Road

₹2750/sq.ft.

The guideline value for Block 6 K.n.kuppusamy Pillai Road Main Road in Ward A village (Erode Joint I SRO, Coimbatore zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward A

Village

Erode Joint I

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹520 /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 6 K.n.kuppusamy Pillai Road Main Road

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Block 6 K.N.Kuppusamy Pillai Road Main Road guideline value

The current guideline value for Block 6 K.N.Kuppusamy Pillai Road Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Ward A village under the Erode Joint I SRO and is classified as Commercial Class I Type - III.

How the guideline value of Block 6 K.N.Kuppusamy Pillai Road Main Road has changed

The guideline value for this street has experienced significant changes over the years. Starting from the 2002 revision, the value was Rs 105 per sq.ft. It rose to Rs 520 per sq.ft in 2003, marking an increase of 395%. The value continued to grow, reaching Rs 1,750 per sq.ft in 2007, which was a 237% increase from the previous revision. However, from 2007 to 2012, the value decreased to Rs 2,500 per sq.ft, a decline of 33%.

From 2012 to 2017, the value remained at Rs 2,500 per sq.ft. In 2017, it increased to Rs 1,675 per sq.ft, reflecting a 49% increase. The most recent revision in 2023 set the value at Rs 2,500 per sq.ft, followed by the current guideline value of Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 2,519%.

Guideline values in Ward A

In Ward A, there are 111 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 guideline value for these streets is Rs 1,375 per sq.ft, placing Block 6 K.N.Kuppusamy Pillai Road Main Road above that median.

Stamp duty and registration fee for property in Block 6 K.N.Kuppusamy Pillai Road Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 6 K.N.Kuppusamy Pillai Road Main Road?

The Sub Registrar Office that covers Block 6 K.N.Kuppusamy Pillai Road Main 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 A

The guideline value serves as a benchmark for property transactions in Ward A. It is used to determine the amount of stamp duty and registration fees payable at the time of property registration, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property in this area, it is essential to consider the guideline value as it impacts the overall cost of the transaction. Buyers should be aware that the guideline value may differ from the sale price, and the higher amount will be used for calculating the applicable fees.

Frequently asked questions

What is the current guideline value for Block 6 K.N.Kuppusamy Pillai Road Main Road?

The current guideline value for Block 6 K.N.Kuppusamy Pillai Road Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes from Rs 105 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 2,519% over the years.

What are the registration fees for property in this area?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

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

The Sub Registrar Office for Block 6 K.N.Kuppusamy Pillai Road Main Road is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is crucial in determining the stamp duty and registration fees during property transactions. It ensures that the property is accurately valued for official records and tax purposes.