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Guideline Value

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Guideline Value for Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street

₹770/sq.ft.

The guideline value for Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street in Ward D village (Erode Joint I SRO, Coimbatore zone) is Rs 770 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 Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward D

Village

Erode Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street

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Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street guideline value

The current guideline value for Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street has changed

In the 2017 revision, the guideline value was Rs 335 per sq.ft. This figure increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 109% rise. The most recent revision in 2024 saw the guideline value rise to Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 130%. It is important to note that the register has no figures for the years 2002, 2003, 2007, 2012.

Guideline values in Ward D

In Ward D, there are approximately 200 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 798 per sq.ft, placing Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street below that median.

Stamp duty and registration fee for property in Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street?

The Sub Registrar Office that covers Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan 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 D

When buying or selling property in Ward D, the guideline value serves as a benchmark for determining the stamp duty and registration fees. This value is essential for both buyers and sellers as it impacts the overall transaction costs associated with property registration.

The guideline value is used to calculate the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street?

The current guideline value for Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 770 per sq.ft in 2024, marking an overall increase of 130% over this period.

What are the other streets in Ward D with their guideline values?

Other streets in Ward D include Block 7 Vamalai Street at Rs 771 per sq.ft, Block 8 Cauvery Road Main Road at Rs 1,925 per sq.ft, and several others, with Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street at Rs 770 per sq.ft.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in this area is 7% of the guideline value or sale price, whichever is higher. This is applicable during the registration process of property transactions.

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

The Sub Registrar Office for Block 7 Vanniyakula Chettiyar Street (or) Cauvery Road (or) Karikalan Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.