Guideline Value for Block 2 RajaGopal Garden

Block 2 RajaGopal Garden guideline value

The current guideline value of Block 2 RajaGopal Garden 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, classified as Residential Class III Type - I.

How the guideline value of Block 2 RajaGopal Garden has changed

The guideline value for Block 2 RajaGopal Garden has undergone several revisions over the years. In 2002, the guideline value was Rs 149 per sq.ft. It increased to Rs 167 per sq.ft in 2003, marking a 12% rise. The value then saw a further increase to Rs 200 per sq.ft in 2007, which was a 20% change. Following this, the value jumped significantly to Rs 500 per sq.ft in 2012, reflecting a 150% increase. However, it decreased to Rs 335 per sq.ft in 2017, a drop of 33%. The guideline value then rose to Rs 700 per sq.ft in 2023, showing a remarkable increase of 109%. The most recent revision in 2024 set the value at Rs 771 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years not mentioned in this register for Block 2 RajaGopal Garden.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO that carry a 2024 guideline value ranging 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 RajaGopal Garden is below this median.

• Block 2 Pachiannan Street: Rs 771 per sq.ft (2024)
• Block 2 Pachiamman Street 1,2: Rs 771 per sq.ft (2024)
• Block 2 Vinayakar Street 1,2: Rs 772 per sq.ft (2024)
• Block 30 Alagiri Singaiyankar Street: Rs 1,100 per sq.ft (2024)
• Block 2 Krishnan Street: Rs 772 per sq.ft (2024)
• Block 30 Kamala Street (or) Kothukara Nalla Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Block 2 RajaGopal Garden

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 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 2 RajaGopal Garden?

The Sub Registrar Office that covers Block 2 RajaGopal Garden 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 C

The guideline value is a crucial factor in property transactions in Ward C, as it determines the minimum value at which a property can be registered. When a buyer purchases a property, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the costs associated with property transactions. This ensures that all parties involved in the sale adhere to the legal requirements set by the registration authorities.

Frequently asked questions

What is the current guideline value of Block 2 RajaGopal Garden?

The current guideline value of Block 2 RajaGopal Garden 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 from Rs 149 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, reflecting an overall increase of 417% over the years.

What is the registration office for Block 2 RajaGopal Garden?

The registration office for Block 2 RajaGopal Garden is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is stamp duty calculated for properties in Block 2 RajaGopal Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 53,970.

What are the other streets in Ward C with similar guideline values?

Other streets in Ward C with similar guideline values include Block 2 Pachiannan Street and Block 2 Pachiamman Street 1,2, both at Rs 771 per sq.ft in 2024.