Guideline Value

Corporate

Guideline Value for Block 6 Vamalai Street

₹771/sq.ft.

The guideline value for Block 6 Vamalai Street in Ward B 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 B

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 ₹405 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹361 /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 Vamalai Street

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Block 6 Vamalai Street guideline value

The current guideline value of Block 6 Vamalai Street is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward B village under the Erode Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Block 6 Vamalai Street has changed

The guideline value of Block 6 Vamalai Street has seen several revisions over the years. In 2002, the value was Rs 361 per sq.ft, which increased to Rs 405 per sq.ft in 2003, marking a 12% rise. The value then continued to rise, reaching Rs 500 per sq.ft in 2007, a 23% increase from the previous revision. The following revision in 2012 saw a decrease to Rs 600 per sq.ft, which was a drop of 33%. However, the value rebounded to Rs 402 per sq.ft in 2017, and then significantly rose to Rs 700 per sq.ft in 2023, reflecting a 74% increase. The most recent revision in 2024 has set the value at Rs 771 per sq.ft, marking a 10% increase from the 2023 figure.

There are no figures available for revisions in years other than those listed. The overall change from 2002 to 2024 is an increase of 114% in the guideline value per sq.ft.

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, with a median value of Rs 1,100 per sq.ft. The guideline value of Block 6 Vamalai Street is below this median.

Stamp duty and registration fee for property in Block 6 Vamalai Street

For a 1,000 sq.ft plot at the current rate of Rs 771 per sq.ft, the guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, while the registration fee at 2% would be Rs 15,420, totaling Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 6 Vamalai Street?

The Sub Registrar Office that covers Block 6 Vamalai Street 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 is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the transaction is officially recorded and that the appropriate taxes are collected by the government.

When selling property in Ward B, the guideline value helps establish a baseline for the sale price. Buyers and sellers often reference the guideline value to negotiate terms and ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Block 6 Vamalai Street?

The current guideline value of Block 6 Vamalai Street 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 361 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 114% over this period.

What is the stamp duty rate for properties in Block 6 Vamalai Street?

The stamp duty rate for properties in Block 6 Vamalai Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Erode Joint I Sub Registrar Office located?

The Erode Joint I Sub Registrar Office is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What other streets are in Ward B?

Other streets in Ward B include Block 7 Brough Road, Block 7 Chinnappa Street, Block 7 Mosuvana Kadu, Block 7 Mosuvana Lane, Block 7 Mosuvana Street, and Block 6 Kalaimagal School Road, each with varying guideline values.