Guideline Value for Block 2 Ganapathipuram

Block 2 Ganapathipuram guideline value

The current guideline value of Block 2 Ganapathipuram is Rs 825 per sq.ft, effective from 1 July 2024. This area falls under Ward C village and is classified as Residential Class II Type - II. The relevant registration office is the Erode Joint I SRO.

How the guideline value of Block 2 Ganapathipuram has changed

The guideline value for Block 2 Ganapathipuram has seen several revisions over the years. In 2002, the value was Rs 240 per sq.ft, which increased to Rs 269 per sq.ft in 2003, marking a 12% increase. By 2007, the value rose significantly to Rs 300 per sq.ft, reflecting a 12% change. The value then jumped to Rs 750 per sq.ft in 2012, a 150% increase from the previous revision. However, it decreased to Rs 502 per sq.ft in 2017, showing a decline of 33%. The value increased again to Rs 750 per sq.ft in 2023, followed by a rise to Rs 825 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 244%. The register has no figures for the years not mentioned in this summary.

Guideline values in Ward C

In Ward C, the guideline values for 250 streets under the Erode Joint I SRO range from Rs 770 to Rs 7,700 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value for Block 2 Ganapathipuram is below this median.

• Block 2 Chokkai Thottam: Rs 771 per sq.ft (2024)
• Block 2 Krishnan Street: Rs 772 per sq.ft (2024)
• Block 2 Cauvery Raod Main Road: Rs 825 per sq.ft (2024)
• Block 2 Azakarasan Nagar: Rs 771 per sq.ft (2024)
• Block 2 Pachiamman Street 1,2: Rs 771 per sq.ft (2024)
• Block 2 Pachiannan Street: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 2 Ganapathipuram

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. 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 2 Ganapathipuram?

The Erode Joint I Sub Registrar Office covers Block 2 Ganapathipuram. The address is Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, 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 plays a crucial role during the registration process when buying or selling property in Ward C. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the fees, ensuring that the government receives the appropriate revenue from the transaction. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Block 2 Ganapathipuram?

The current guideline value of Block 2 Ganapathipuram is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 240 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 244% over the years.

What are the stamp duty and registration fees for a property in Block 2 Ganapathipuram?

For a 1,000 sq.ft property, the total guideline value is Rs 8,25,000. The stamp duty would be Rs 57,750, and the registration fee would be Rs 16,500, totaling Rs 74,250.

Which office handles registrations for Block 2 Ganapathipuram?

The Erode Joint I Sub Registrar Office handles registrations for Block 2 Ganapathipuram, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.

What is the land classification for Block 2 Ganapathipuram?

Block 2 Ganapathipuram is classified as Residential Class II Type - II, which indicates the type of development permissible in the area.