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Guideline Value

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Guideline Value for Block 8 Court Street (Periyar Street) Part-1

₹1100/sq.ft.

The guideline value for Block 8 Court Street (periyar Street) Part-1 in Ward E village (Erode Joint I SRO, Coimbatore zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward E

Village

Erode Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹811 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹717 /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 8 Court Street (periyar Street) Part-1

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Block 8 Court Street (Periyar Street) Part-1 guideline value

The current guideline value for Block 8 Court Street (Periyar Street) Part-1 is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Ward E village under the Erode Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Block 8 Court Street (Periyar Street) Part-1 has changed

The guideline value for Block 8 Court Street (Periyar Street) Part-1 has undergone several revisions over the years. The earliest recorded revision in 2002 set the guideline value at Rs 717 per sq.ft. This figure increased to Rs 811 per sq.ft in 2003, marking a change of +13%. The value continued to rise, reaching Rs 900 per sq.ft in 2007, an increase of +11%. In 2012, the value was recorded at Rs 1,000 per sq.ft, reflecting an increase of +11% from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 670 per sq.ft, a change of -33%. However, it rebounded to Rs 1,000 per sq.ft in 2023, representing a significant increase of +49%. The most recent revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, which is a +10% increase from the previous year.

Guideline values in Ward E

In Ward E, there are 196 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 825 per sq.ft. The guideline value for Block 8 Court Street (Periyar Street) Part-1 is above this median.

Stamp duty and registration fee for property in Block 8 Court Street (Periyar Street) Part-1

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value totals Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, together amounting to Rs 99,000. 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 further calculations.

Which Sub Registrar Office covers Block 8 Court Street (Periyar Street) Part-1?

The Sub Registrar Office that covers Block 8 Court Street (Periyar Street) Part-1 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 E

The guideline value plays a crucial role during property registration in Ward E. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs for any property transaction. Buyers and sellers must be aware of this value to ensure they comply with the legal requirements during the registration process.

When a property is sold, the guideline value is compared to the sale price. The higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Block 8 Court Street (Periyar Street) Part-1?

The current guideline value for Block 8 Court Street (Periyar Street) Part-1 is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 717 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, showing an overall increase of +53% over this period.

What is the registration office for Block 8 Court Street (Periyar Street) Part-1?

The registration office for Block 8 Court Street (Periyar Street) Part-1 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at a rate of 7%.

What other streets are in Ward E with guideline values?

Other streets in Ward E include Block 8 Cutcheri Street with a guideline value of Rs 1,650 per sq.ft, and Block 8 East Okkiliyar Street (Kambar Street) with a value of Rs 771 per sq.ft, among others.