Guideline Value for Block 22 Rasa Gounder Kadu

Block 22 Rasa Gounder Kadu guideline value

The current guideline value for Block 22 Rasa Gounder Kadu is Rs 825 per sq.ft, effective from 1 July 2024. This property is located in Ward E village under the Erode Joint I SRO and falls under the Residential Class II Type - II land classification.

How the guideline value of Block 22 Rasa Gounder Kadu has changed

Over the years, the guideline value for Block 22 Rasa Gounder Kadu has experienced several revisions. The 2024 revision sets the value at Rs 825 per sq.ft, up from Rs 750 per sq.ft in 2023, marking a 10% increase. Prior to that, the 2017 revision had the value at Rs 502 per sq.ft, which reflects a significant increase of 49% to the 2023 figure. The 2012 revision recorded a value of Rs 750 per sq.ft, showing a decrease of 33% from the 2017 figure. The 2007 revision set the value at Rs 350 per sq.ft, which was an increase of 114% from Rs 326 per sq.ft in 2003. The 2002 revision recorded a guideline value of Rs 288 per sq.ft, which increased by 13% to Rs 326 per sq.ft in 2003.

The register has no figures for the years not mentioned, and the overall change from 2002 to 2024 reflects an increase of 186% in the guideline value for this street.

Guideline values in Ward E

In Ward E, there are 196 streets under the Erode Joint I SRO with a 2024 guideline value ranging from Rs 770 to Rs 6,600 per sq.ft. The median value is Rs 825 per sq.ft, making the guideline value for Block 22 Rasa Gounder Kadu equal to this median.

• Block 22 Rasa Gounder Lane: Rs 772 per sq.ft (2024)
• Block 22 Rasa Gounder Street: Rs 825 per sq.ft (2024)
• Block 22 Nallappa Gounder Street: Rs 772 per sq.ft (2024)
• Block 22 Municipal Lane: Rs 771 per sq.ft (2024)
• Block 22 S.K.C Road: Rs 1,650 per sq.ft (2024)
• Block 22 Karuppa Gounder Street: Rs 772 per sq.ft (2024)

Stamp duty and registration fee for property in Block 22 Rasa Gounder Kadu

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to 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 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 22 Rasa Gounder Kadu?

The Sub Registrar Office that covers Block 22 Rasa Gounder Kadu 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ward E. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value. This ensures that the correct amount of stamp duty and registration fees is calculated based on the higher of the two values.

Frequently asked questions

What is the current guideline value of Block 22 Rasa Gounder Kadu?

The current guideline value of Block 22 Rasa Gounder Kadu is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 288 per sq.ft in 2002 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 186% over the years.

What is the land classification for Block 22 Rasa Gounder Kadu?

Block 22 Rasa Gounder Kadu is classified as Residential Class II Type - II.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles the registration for Block 22 Rasa Gounder Kadu?

The Erode Joint I Sub Registrar Office handles the registration for Block 22 Rasa Gounder Kadu, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.