Guideline Value for Block 10 Gandhipuram 1-4

Block 10 Gandhipuram 1-4 guideline value

The current guideline value of Block 10 Gandhipuram 1-4 is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in the village of Erode Joint I SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Block 10 Gandhipuram 1-4 has changed

Over the years, the guideline value for Block 10 Gandhipuram 1-4 has seen significant changes. The register shows that in 2002, the value was Rs 185 per sq.ft, which increased to Rs 208 per sq.ft in 2003, marking a 12% rise. By 2007, the value further increased to Rs 300 per sq.ft, representing a 44% increase. In 2012, it rose to Rs 500 per sq.ft, reflecting a 67% growth. However, the value decreased to Rs 335 per sq.ft in 2017, a decline of 33%. The value then surged to Rs 700 per sq.ft in 2023, a remarkable 109% increase, and finally reached Rs 771 per sq.ft in 2024, an increase of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 317%. It is important to note that there are no figures available for revisions in the years not listed in the register.

Guideline values in Ward C

In Ward C, the guideline values vary significantly, with 250 streets under the Erode Joint I SRO carrying 2024 figures ranging from Rs 770 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft, placing Block 10 Gandhipuram 1-4's current value below this median.

• Block 10 Gandhipuram: Rs 771 per sq.ft (2024)
• Block 10 K.N.Kuppusamy Road: Rs 1,100 per sq.ft (2024)
• Block 10 Bhavani Road: Rs 1,650 per sq.ft (2024)
• Block 10 Park Road A.P.Thangavel Road: Rs 1,650 per sq.ft (2024)
• Block 11 EVK Sampath Salai: Rs 2,750 per sq.ft (2024)
• Block 11 Krishnan St: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Block 10 Gandhipuram 1-4

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, while the registration fee at 2% would be Rs 15,420, bringing the total to Rs 69,390. It is important to note that 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 10 Gandhipuram 1-4?

The Sub Registrar Office covering Block 10 Gandhipuram 1-4 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Ward C. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. The guideline value is set by the government and is updated periodically to reflect changes in the real estate market.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. 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 10 Gandhipuram 1-4?

The current guideline value of Block 10 Gandhipuram 1-4 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 185 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 317% over the years.

What is the stamp duty for property in Block 10 Gandhipuram 1-4?

The stamp duty for property in Block 10 Gandhipuram 1-4 is 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 53,970.

Which office handles registrations for Block 10 Gandhipuram 1-4?

The Erode Joint I Sub Registrar Office handles registrations for Block 10 Gandhipuram 1-4, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the median guideline value in Ward C?

The median guideline value in Ward C is Rs 1,375 per sq.ft, which is higher than the current guideline value of Block 10 Gandhipuram 1-4.