Guideline Value for Block 27 Goodshed Guts

Block 27 Goodshed Guts guideline value

The current guideline value of Block 27 Goodshed Guts is Rs 771 per sq.ft, effective from 1 July 2024. This property is located in Ward B village under the Erode Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Block 27 Goodshed Guts has changed

Over the years, the guideline value of Block 27 Goodshed Guts has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which then dropped to Rs 402 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 700 per sq.ft in 2023, and it has now risen to Rs 771 per sq.ft in the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 74%. The most recent change from 2023 to 2024 shows an increase of 10%. Overall, the guideline value has increased by 29% from 2012 to 2024.

Guideline values in Ward B

Ward B village has a total of 170 streets under the Erode Joint I SRO, with the 2024 guideline values ranging from Rs 770 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Block 27 Goodshed Guts below this median.

• Block 27 E.V.Nanjappa Street: Rs 1,375 per sq.ft (2024)
• Block 27 K.A.S.Anna Nagar: Rs 770 per sq.ft (2024)
• Block 26 S.K.Chenniappa Gounder Street: Rs 825 per sq.ft (2024)
• Block 27 Muthukumarasamy Road: Rs 1,100 per sq.ft (2024)
• Block 26 Santhankarukku Street: Rs 771 per sq.ft (2024)
• Block 27 Periyar Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Block 27 Goodshed Guts

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, 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 27 Goodshed Guts?

The Sub Registrar Office covering Block 27 Goodshed Guts 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ward B. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Block 27 Goodshed Guts?

The current guideline value for Block 27 Goodshed Guts 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 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 771 per sq.ft in 2024.

What is the median guideline value in Ward B?

The median guideline value for streets in Ward B is Rs 1,100 per sq.ft, which means Block 27 Goodshed Guts is below this median.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 69,390, based on the guideline value of Rs 7,71,000.

Which office handles property registrations for Block 27 Goodshed Guts?

The Erode Joint I Sub Registrar Office handles property registrations for Block 27 Goodshed Guts, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009.