Guideline Value for Block 10 Ranganathan Lay-out 1,2

Block 10 Ranganathan Lay-out 1,2 guideline value

The current guideline value for Block 10 Ranganathan Lay-out 1,2 is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Ward D village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 10 Ranganathan Lay-out 1,2 has changed

The guideline value for Block 10 Ranganathan Lay-out 1,2 has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 263 per sq.ft. This increased to Rs 295 per sq.ft in 2003, followed by Rs 350 per sq.ft in 2007, and then to Rs 500 per sq.ft in 2012. The 2017 revision saw a significant increase to Rs 335 per sq.ft, while the 2023 revision raised it further to Rs 700 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 770 per sq.ft.

In terms of percentage changes, from 2002 to 2024, there has been an overall increase of 193%. The most notable change occurred between 2017 and 2023, with a rise of 109%. The value decreased by 33% from 2012 to 2017, while it increased by 43% from 2007 to 2012. The increments from 2003 to 2007 and from 2002 to 2003 were 19% and 12%, respectively.

Guideline values in Ward D

In Ward D, there are 200 streets under the Erode Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 798 per sq.ft. The guideline value for Block 10 Ranganathan Lay-out 1,2 is below this median.

• Block 10 Periya Mariamman Koil Street: Rs 770 per sq.ft (2024)
• Block 11 Cauvery Road Main Road: Rs 2,750 per sq.ft (2024)
• Block 11 Chinna Mariamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 10 Manickam Nagar: Rs 770 per sq.ft (2024)
• Block 10 Krishnamoorthy Thottam Street 1.2.3.4.: Rs 771 per sq.ft (2024)
• Block 11 Karpagam Lay-out 1 2 3 4: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 10 Ranganathan Lay-out 1,2

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total charges Rs 69,300. 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 10 Ranganathan Lay-out 1,2?

The Sub Registrar Office that covers Block 10 Ranganathan Lay-out 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Ward D. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value as it influences the overall cost of the transaction. Buyers should ensure that they are informed about the latest revisions to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Block 10 Ranganathan Lay-out 1,2?

The current guideline value for Block 10 Ranganathan Lay-out 1,2 is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 263 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, showing an overall increase of 193% over the years.

What is the land classification for Block 10 Ranganathan Lay-out 1,2?

Block 10 Ranganathan Lay-out 1,2 is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for Block 10 Ranganathan Lay-out 1,2 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode - 638009.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,70,000, the stamp duty at 7% would be Rs 53,900.