Guideline Value for Block 22 Rasa Gounder Street

Block 22 Rasa Gounder Street guideline value

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

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

Since the 2002 revision, the guideline value for Block 22 Rasa Gounder Street has seen several changes. In 2002, the value was Rs 288 per sq.ft, which increased to Rs 326 per sq.ft in 2003, marking a 13% rise. The value then rose to Rs 350 per sq.ft in 2007, a 7% increase. Following that, there was a significant jump to Rs 750 per sq.ft in 2012, reflecting a 114% increase. However, in 2017, the value dropped to Rs 502 per sq.ft, a decrease of 33%. The value then increased to Rs 750 per sq.ft in 2023, showing a 49% rise, before reaching the current figure of Rs 825 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 186%. The register has no figure for this street in the years not mentioned above.

Guideline values in Ward E

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

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

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

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 74,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Block 22 Rasa Gounder Street?

The Sub Registrar Office that covers Block 22 Rasa Gounder Street 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 E

The guideline value is a crucial factor in the registration process when buying or selling property. It determines the amount of stamp duty and registration fees payable, which are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

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

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

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revision occurring in 2024. Previous revisions took place in 2023, 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Block 22 Rasa Gounder Street?

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

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

The Sub Registrar Office covering Block 22 Rasa Gounder Street is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

How is the stamp duty calculated for properties in Block 22 Rasa Gounder Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee at 2% is also applicable.