Guideline Value for Block 13 Gandhipuram Road

Block 13 Gandhipuram Road guideline value

The current guideline value of Block 13 Gandhipuram Road is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Block 13 Gandhipuram Road has changed

Over the years, the guideline value for Block 13 Gandhipuram Road has seen several revisions. The earliest recorded revision is from 2002, where the guideline value was Rs 238 per sq.ft. It increased to Rs 267 per sq.ft in 2003, marking a rise of 12%. The value then continued to rise to Rs 300 per sq.ft in 2007, a further increase of 12%. In 2012, it reached Rs 500 per sq.ft, showing a significant jump of 67%. However, from 2012 to 2017, the value decreased by 33% to Rs 335 per sq.ft. The next revision in 2023 saw a substantial increase to Rs 700 per sq.ft, representing a rise of 109%. Finally, the most recent revision in 2024 brought the guideline value to Rs 771 per sq.ft, an increase of 10% from the previous year.

There are no figures available for the revisions in years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 224%.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that have a 2024 guideline value 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 the guideline value for Block 13 Gandhipuram Road is below the median.

• Block 13 E.V.R. Huts: Rs 770 per sq.ft (2024)
• Block 13 Mill Huts: Rs 770 per sq.ft (2024)
• Block 13 Mill Road: Rs 770 per sq.ft (2024)
• Block 12 Veerapathira Road: Rs 2,750 per sq.ft (2024)
• Block 13 Park Road (or) Thangavel Road: Rs 2,750 per sq.ft (2024)
• Block 13 Rajajipuram (Puram): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Block 13 Gandhipuram Road

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. Together, these fees would total Rs 69,390. Please 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 information.

Which Sub Registrar Office covers Block 13 Gandhipuram Road?

The Sub Registrar Office that covers Block 13 Gandhipuram Road 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 an essential factor during property registration in Ward C. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is crucial to be aware of the current guideline value, as it directly impacts the total cost involved in the registration process. Buyers and sellers should ensure that they are informed about the latest guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Block 13 Gandhipuram Road?

The current guideline value of Block 13 Gandhipuram Road 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 238 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 224% over this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 7,71,000, the stamp duty would be Rs 53,970 and the registration fee would be Rs 15,420, totaling Rs 69,390.

Which Sub Registrar Office covers this area?

The Erode Joint I Sub Registrar Office covers Block 13 Gandhipuram Road, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 13 Gandhipuram Road?

Block 13 Gandhipuram Road is classified under Residential Class III Type - I.