Guideline Value for Block 1 RajaGopal Thottam

Block 1 RajaGopal Thottam guideline value

The current guideline value of Block 1 RajaGopal Thottam is Rs 771 per sq.ft, effective from 1 July 2024. This area is located in Ward C village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 1 RajaGopal Thottam has changed

The guideline value for Block 1 RajaGopal Thottam has undergone several revisions over the years. In 2002, the guideline value was Rs 186 per sq.ft, which increased to Rs 209 per sq.ft in 2003, marking a change of +12%. The value then rose to Rs 300 per sq.ft in 2007, a +44% increase. Following that, in 2012, the value adjusted to Rs 500 per sq.ft, reflecting a decrease of -33%. The value continued to rise to Rs 335 per sq.ft in 2017, which was a significant increase of +109%. In 2023, the value further increased to Rs 700 per sq.ft, and the most recent revision in 2024 set the value at Rs 771 per sq.ft, a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +315%. The register has no figure for this street for the years not mentioned above.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, which means that Block 1 RajaGopal Thottam's 2024 figure is below that median.

• Block 1 Royal Lay out: Rs 771 per sq.ft (2024)
• Block 1 Vandiuran Kovil Street: Rs 771 per sq.ft (2024)
• Block 1 Patchiamman Koil St: Rs 771 per sq.ft (2024)
• Block 1 Pachiamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 20 East Kongalamman Kovil Street: Rs 2,750 per sq.ft (2024)
• Block 20 Easwaran Kovil Lane: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Block 1 RajaGopal Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value would be Rs 7,71,000. The stamp duty at 7% would amount to Rs 53,970, and the registration fee at 2% would be Rs 15,420, bringing the total to Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 1 RajaGopal Thottam?

The Sub Registrar Office that covers Block 1 RajaGopal Thottam 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 an essential factor when registering a property in Ward C. It determines the minimum value at which a property can be sold or purchased, ensuring that all transactions are recorded accurately for taxation purposes.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Block 1 RajaGopal Thottam?

The current guideline value of Block 1 RajaGopal Thottam is Rs 771 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 186 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of +315% over the years.

What is the median guideline value in Ward C?

The median guideline value in Ward C is Rs 1,375 per sq.ft, indicating that Block 1 RajaGopal Thottam's 2024 figure is below this median.

What are the stamp duty rates for property in Block 1 RajaGopal Thottam?

The stamp duty rate for property in Block 1 RajaGopal Thottam is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Block 1 RajaGopal Thottam?

The Sub Registrar Office for Block 1 RajaGopal Thottam is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.