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Guideline Value

Corporate

Guideline Value for Block 7 Bhavani Road (or)A.P.Thangavel Road

₹2750/sq.ft.

The guideline value for Block 7 Bhavani Road (or)a.p.thangavel 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 ₹529 /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 7 Bhavani Road (or)a.p.thangavel Road

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Block 7 Bhavani Road (or)A.P.Thangavel Road guideline value

The current guideline value for Block 7 Bhavani Road (or)A.P.Thangavel Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This property 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 7 Bhavani Road (or)A.P.Thangavel Road has changed

The guideline value has seen several revisions over the years. Starting from 2002, the value was Rs 105 per sq.ft. This increased significantly to Rs 529 per sq.ft in 2003, marking a change of +404%. The value continued to rise, reaching Rs 1,750 per sq.ft in 2007, which was a +231% increase from the previous figure. However, from 2007 to 2012, the value decreased by -33%, settling at Rs 2,500 per sq.ft. The next revision in 2017 saw a substantial increase to Rs 1,675 per sq.ft, a rise of +49% from 2012. The most recent revisions were in 2023 and 2024, where the values changed from Rs 2,500 per sq.ft to Rs 2,750 per sq.ft, reflecting a +10% increase.

Overall, from 2002 to 2024, the guideline value has increased by +2,519%. It is important to note that there are no figures for the years not listed in the register for this street.

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 for these streets is Rs 1,375 per sq.ft, placing Block 7 Bhavani Road (or)A.P.Thangavel Road above this median.

Stamp duty and registration fee for property in Block 7 Bhavani Road (or)A.P.Thangavel 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, while 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 and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 7 Bhavani Road (or)A.P.Thangavel Road?

The Sub Registrar Office that covers Block 7 Bhavani Road (or)A.P.Thangavel Road 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 A

The guideline value is a critical factor when registering property transactions in Ward A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions as per the government regulations. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value for Block 7 Bhavani Road (or)A.P.Thangavel Road?

The current guideline value for Block 7 Bhavani Road (or)A.P.Thangavel 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 increased from Rs 105 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking a significant overall increase of +2,519% over the years.

What are the stamp duty and registration fees for a 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.

Which office handles the registration for this property?

The Erode Joint I Sub Registrar Office handles the registration for Block 7 Bhavani Road (or)A.P.Thangavel Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the median guideline value in Ward A?

The median guideline value for streets in Ward A is Rs 1,375 per sq.ft, with Block 7 Bhavani Road (or)A.P.Thangavel Road being above this median at Rs 2,750 per sq.ft.