Guideline Value for Block 10 Gandhipuram

Block 10 Gandhipuram guideline value

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

How the guideline value of Block 10 Gandhipuram has changed

The guideline value for Block 10 Gandhipuram has seen several revisions over the years. In 2002, the value was Rs 185 per sq.ft, which increased to Rs 208 per sq.ft in 2003, marking a change of +12%. The value continued to rise to Rs 300 per sq.ft in 2007, an increase of +44%. By 2012, the value reached Rs 500 per sq.ft, reflecting a growth of +67%. However, there was a decrease to Rs 335 per sq.ft in 2017, which was a drop of -33%. The value then surged to Rs 700 per sq.ft in 2023, showing a significant increase of +109%. The most recent revision in 2024 set the value at Rs 771 per sq.ft, indicating a rise of +10% from the previous year.

There are no figures available for revisions in years other than those specified. The overall change from 2002 to 2024 is an increase of +317%.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO carrying a 2024 guideline value 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's 2024 figure below that median.

• Block 10 Gandhipuram 1-4: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 771 per sq.ft, the total guideline value amounts to Rs 7,71,000. The stamp duty at 7% would be Rs 53,970, and the registration fee at 2% would be Rs 15,420, resulting in a total cost of Rs 69,390. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 10 Gandhipuram?

The Sub Registrar Office that covers Block 10 Gandhipuram is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, in the Coimbatore registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial 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 appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Block 10 Gandhipuram?

The current guideline value of Block 10 Gandhipuram 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, with the value increasing from Rs 185 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, marking an overall increase of +317%.

What are the stamp duty and registration fees for properties in Block 10 Gandhipuram?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,71,000. The stamp duty at 7% is Rs 53,970, and the registration fee at 2% is Rs 15,420, totaling Rs 69,390.

Which Sub Registrar Office covers Block 10 Gandhipuram?

The Erode Joint I Sub Registrar Office covers Block 10 Gandhipuram, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property, impacting the stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value during transactions.