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Guideline Value

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Guideline Value for Block 8 K.N.Kuppusamy Pillai Road

₹1100/sq.ft.

The guideline value for Block 8 K.n.kuppusamy Pillai Road in Ward C 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 C

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 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹435 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹388 /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 K.n.kuppusamy Pillai Road

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Block 8 K.N.Kuppusamy Pillai Road guideline value

The current guideline value of Block 8 K.N.Kuppusamy Pillai Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Ward C village under the Erode Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Block 8 K.N.Kuppusamy Pillai Road has changed

The guideline value for Block 8 K.N.Kuppusamy Pillai Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 388 per sq.ft. This increased to Rs 435 per sq.ft in 2003, marking a 12% rise. The value then saw a significant jump of 72% to Rs 750 per sq.ft in 2007. Following that, in 2012, the value was revised to Rs 1,000 per sq.ft, reflecting a 33% decrease. The next revision in 2017 brought the value back up to Rs 670 per sq.ft, which was a 49% increase. The most recent revision in 2023 set the value at Rs 1,000 per sq.ft, and the current rate as of 2024 is Rs 1,100 per sq.ft, which is a 10% increase.

There are no figures available for the years that do not have a registered value for this street. Overall, the guideline value has increased by 184% from 2002 to 2024.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, indicating that the guideline value for Block 8 K.N.Kuppusamy Pillai Road is below this median.

Stamp duty and registration fee for property in Block 8 K.N.Kuppusamy Pillai Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000. The total cost for these fees would be Rs 99,000. 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 more details.

Which Sub Registrar Office covers Block 8 K.N.Kuppusamy Pillai Road?

The Sub Registrar Office that covers Block 8 K.N.Kuppusamy Pillai Road 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 C

The guideline value is a critical factor during the registration of property transactions in Ward C. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling a property, the guideline value serves as a benchmark for both parties. It helps in assessing the fair value of the property, and the fees associated with the transaction are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Block 8 K.N.Kuppusamy Pillai Road?

The current guideline value of Block 8 K.N.Kuppusamy Pillai Road 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 significantly from Rs 388 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 184%.

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

Other streets in Ward C include Block 8 K N K Road (Backside) at Rs 1,100 per sq.ft, Block 8 Kannaian Street Part 1 at Rs 770 per sq.ft, and several others with varying rates.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles the registration for Block 8 K.N.Kuppusamy Pillai Road?

The Erode Joint I Sub Registrar Office handles registrations for Block 8 K.N.Kuppusamy Pillai Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.