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Guideline Value

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Guideline Value for Block 8 Thirunagar Colony Road No.1,2

₹2200/sq.ft.

The guideline value for Block 8 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 8 Thirunagar Colony Road No.1,2

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Block 8 Thirunagar Colony Road No.1,2 guideline value

The current guideline value for Block 8 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 8 Thirunagar Colony Road No.1,2 has changed

The guideline value for Block 8 Thirunagar Colony Road No.1,2 has seen several revisions over the years. The first recorded revision was in 2007, where the guideline value was Rs 750 per sq.ft. This increased to Rs 2,000 per sq.ft in 2012, marking a significant rise of 167%. However, in 2017, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, and most recently, it has risen to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 193%. The revisions for the years 2002 and 2003 do not have any figures recorded 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 guideline value for these streets is Rs 1,375 per sq.ft, placing the 2024 figure for Block 8 Thirunagar Colony Road No.1,2 above this median.

Stamp duty and registration fee for property in Block 8 Thirunagar Colony Road No.1,2

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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 costs together to Rs 1,98,000. It is important to note that 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 information.

Which Sub Registrar Office covers Block 8 Thirunagar Colony Road No.1,2?

The Sub Registrar Office that covers Block 8 Thirunagar Colony Road No.1,2 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 details.

How the guideline value is used when you buy or sell in Ward A

When buying or selling property in Ward A, the guideline value is a critical factor used during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid.

The guideline value is essential for ensuring that the property is registered at a value that reflects the current market conditions as per the government’s assessment. This helps in maintaining transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value for Block 8 Thirunagar Colony Road No.1,2?

The current guideline value for Block 8 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 changed from Rs 750 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What is the land classification for Block 8 Thirunagar Colony Road No.1,2?

The land classification for Block 8 Thirunagar Colony Road No.1,2 is Residential Special Type - I.

Where can I find the registration office for this property?

The registration office for Block 8 Thirunagar Colony Road No.1,2 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

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 22,00,000 would incur a stamp duty of Rs 1,54,000 at a rate of 7%.