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Guideline Value

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Guideline Value for Block 7 Thirunagar Colony Road No.1,2

₹2200/sq.ft.

The guideline value for Block 7 Thirunagar Colony Road No.1,2 in Ward A village (Erode Joint I SRO, Coimbatore zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward A

Village

Erode Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Thirunagar Colony Road No.1,2

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Block 7 Thirunagar Colony Road No.1,2 guideline value

The current guideline value of Block 7 Thirunagar Colony Road No.1,2 is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in the village of Erode Joint I SRO and is classified as Residential Special Type - I.

How the guideline value of Block 7 Thirunagar Colony Road No.1,2 has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 750 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a notable rise of 167%. However, the value then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The guideline value rebounded to Rs 2,000 per sq.ft in 2023, before reaching the current value of Rs 2,200 per sq.ft in 2024, an increase of 10% from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 193%.

The revisions for the years 2002 and 2003 have no figures recorded for this street. The 2017 revision saw a significant increase of 49% from the 2023 figure, which was Rs 2,000 per sq.ft.

Guideline values in Ward A

In Ward A, there are 111 streets under the Erode Joint I SRO carrying a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 1,375 per sq.ft, positioning Block 7 Thirunagar Colony Road No.1,2 above this median.

Stamp duty and registration fee for property in Block 7 Thirunagar Colony Road No.1,2

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Block 7 Thirunagar Colony Road No.1,2?

The Sub Registrar Office that covers Block 7 Thirunagar Colony Road No.1,2 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 in the registration process when buying or selling property in Ward A. It serves as a reference for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the area.

Frequently asked questions

What is the current guideline value of Block 7 Thirunagar Colony Road No.1,2?

The current guideline value of Block 7 Thirunagar Colony Road No.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 increased from Rs 750 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 193% over the years.

What is the land classification for this property?

The land classification for Block 7 Thirunagar Colony Road No.1,2 is Residential Special Type - I.

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

The Sub Registrar Office for Block 7 Thirunagar Colony Road No.1,2 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the stamp duty calculated for properties in Ward A?

Stamp duty for properties in Ward A is calculated based on the higher of the guideline value or the sale price. The current rate for stamp duty is 7%, and the registration fee is 2% of the guideline value.