Guideline Value for Block 6 Thirunagar Colony Road 1,2

Block 6 Thirunagar Colony Road 1,2 guideline value

The current guideline value for Block 6 Thirunagar Colony Road 1,2 is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Erode village under the Erode Joint I SRO and is classified as Residential Special Type - I.

How the guideline value of Block 6 Thirunagar Colony Road 1,2 has changed

The guideline value for Block 6 Thirunagar Colony Road 1,2 has undergone several revisions since 2002. The 2002 revision set the value at Rs 105 per sq.ft, which increased significantly to Rs 518 per sq.ft in the 2003 revision, marking a change of +393%. The value then rose to Rs 750 per sq.ft in 2007, a change of +45%. The 2012 revision saw a decrease, bringing the value back to Rs 2,000 per sq.ft, a reduction of -33%. The 2017 revision increased it to Rs 1,340 per sq.ft, reflecting a change of +49%. In 2023, the value was set at Rs 2,000 per sq.ft, before reaching the current figure of Rs 2,200 per sq.ft in the 2024 revision, which is a +10% increase.

The overall change from the 2002 revision to the 2024 revision represents a significant increase of +1995%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Ward A

In Ward A, the guideline values for properties range from Rs 770 to Rs 6,600 per sq.ft as per the 2024 revision, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 6 Thirunagar Colony Road 1,2 is above this median.

• Block 7 Bhavani Road (or)A.P.Thangavel Road: Rs 2,750 per sq.ft (2024)
• Block 6 K.N.Kuppusamy Pillai Road Main Road: Rs 2,750 per sq.ft (2024)
• Block 7 K.N.Kuppusamy Main Road: Rs 1,100 per sq.ft (2024)
• Block 6 E.M.Balasubramaniam Road: Rs 1,100 per sq.ft (2024)
• Block 6 Chinnappalayout: Rs 825 per sq.ft (2024)
• Block 7 Park Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 6 Thirunagar Colony Road 1,2

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 6 Thirunagar Colony Road 1,2?

The Sub Registrar Office that covers Block 6 Thirunagar Colony Road 1,2 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 is a crucial factor when registering property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is bought or sold, the registration office uses the guideline value to calculate the applicable fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the fees reflect the property's value accurately.

Frequently asked questions

What is the current guideline value for Block 6 Thirunagar Colony Road 1,2?

The current guideline value for Block 6 Thirunagar Colony Road 1,2 is Rs 2,200 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 2,200 in 2024, reflecting an overall increase of +1995% across various revisions.

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

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 1,98,000, based on the guideline value.

Which office handles property registrations for Block 6 Thirunagar Colony Road 1,2?

The Erode Joint I Sub Registrar Office handles property registrations for Block 6 Thirunagar Colony Road 1,2, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 6 Thirunagar Colony Road 1,2?

The land classification for Block 6 Thirunagar Colony Road 1,2 is Residential Special Type - I.