Guideline Value for Block 4 Ganapathipuram Part 1

Block 4 Ganapathipuram Part 1 guideline value

The current guideline value for Block 4 Ganapathipuram Part 1 is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in the village of Ganapathipuram, under the Erode Joint I SRO, and is classified as Residential Class II Type - II.

How the guideline value of Block 4 Ganapathipuram Part 1 has changed

The guideline value for Block 4 Ganapathipuram Part 1 has undergone several revisions over the years. Starting with the 2002 revision, the guideline value was Rs 277 per sq.ft. This increased to Rs 311 per sq.ft in 2003, marking a change of +12%. The subsequent revisions saw the value rise to Rs 400 per sq.ft in 2007, which was an increase of +29% from the previous year. In 2012, the value remained at Rs 750 per sq.ft, reflecting a significant increase of +88% from 2007. However, it then decreased to Rs 502 per sq.ft in 2017, a drop of -33%.

From 2017 to 2023, the guideline value experienced a substantial increase of +49%, reaching Rs 750 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 825 per sq.ft, representing a change of +10% from the previous year. Overall, from 2002 to 2024, the guideline value has increased by +198%.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,375 per sq.ft, placing Block 4 Ganapathipuram Part 1's 2024 figure below this median.

• Block 4 Krishnampalayam Road 1 to 3 Part 2: Rs 1,100 per sq.ft (2024)
• Block 4 Cauvery Road Main Road: Rs 1,925 per sq.ft (2024)
• Block 4 Azhakarasan Nagar: Rs 771 per sq.ft (2024)
• Block 4 Pachiyamman Kovil Street: Rs 771 per sq.ft (2024)
• Block 3 Vinayagar Kovil Street 1,2: Rs 771 per sq.ft (2024)
• Block 3 T.Krishnan St: Rs 772 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Ganapathipuram Part 1

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 4 Ganapathipuram Part 1?

The Sub Registrar Office that covers Block 4 Ganapathipuram Part 1 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Ward C. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately for taxation purposes.

When buyers and sellers engage in a property transaction, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value for Block 4 Ganapathipuram Part 1?

The current guideline value for Block 4 Ganapathipuram Part 1 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 277 per sq.ft in 2002 to Rs 825 per sq.ft in 2024. This reflects an overall increase of +198% over the years.

What were the guideline values in the previous revisions?

The guideline values in previous revisions were Rs 311 per sq.ft in 2003, Rs 400 per sq.ft in 2007, Rs 750 per sq.ft in 2012, Rs 502 per sq.ft in 2017, and Rs 750 per sq.ft in 2023.

What is the registration fee for properties in this area?

The registration fee for properties in Block 4 Ganapathipuram Part 1 is calculated at 2% of the guideline value. For example, on a property valued at Rs 8,25,000, the registration fee would be Rs 16,500.

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

The Sub Registrar Office for Block 4 Ganapathipuram Part 1 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.