Guideline Value for Block 4 Gandhiji Road

Block 4 Gandhiji Road guideline value

The current guideline value of Block 4 Gandhiji Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Ward E village under the Erode Joint I SRO and is classified as Commercial Class I Type - II.

How the guideline value of Block 4 Gandhiji Road has changed

The guideline value for Block 4 Gandhiji Road has seen several revisions over the years. In 2002, the value was Rs 931 per sq.ft, which increased to Rs 1,052 per sq.ft in 2003, marking a 13% rise. The value continued to increase, reaching Rs 1,500 per sq.ft in 2007, a 43% increase from the previous revision. In 2012, however, the value dropped to Rs 3,000 per sq.ft, a decrease of 33% from 2007. The guideline value then rose to Rs 2,010 per sq.ft in 2017, reflecting a 49% increase. The value further increased to Rs 3,000 per sq.ft in 2023, followed by the current rate of Rs 3,300 per sq.ft from the 2024 revision, which is a 10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 254%. There are no figures available for revisions in other years for this street.

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, with a median value of Rs 825 per sq.ft. The guideline value for Block 4 Gandhiji Road is above this median.

• Block 4 Cutcheri Street: Rs 3,300 per sq.ft (2024)
• Block 4 State Bank Road (Poombuhar Road): Rs 1,375 per sq.ft (2024)
• Block 3 Sunnambukara Street: Rs 825 per sq.ft (2024)
• Block 5 Cutcheri Street: Rs 1,650 per sq.ft (2024)
• Block 3 Gandhiji Road: Rs 3,300 per sq.ft (2024)
• Block 5 Kristhuvar Kovil Street (Maraimalaiadigal Street): Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Block 4 Gandhiji Road

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the 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 4 Gandhiji Road?

The Sub Registrar Office that covers Block 4 Gandhiji Road 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 plays a crucial role in the registration process when buying or selling property in Ward E. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded at a value that reflects the current market conditions as set by the registration authorities.

Frequently asked questions

What is the current guideline value of Block 4 Gandhiji Road?

The current guideline value of Block 4 Gandhiji Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 931 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 254% over the years.

What is the land classification for Block 4 Gandhiji Road?

Block 4 Gandhiji Road is classified as Commercial Class I Type - II.

What is the registration fee for property in Block 4 Gandhiji Road?

The registration fee is 2% of the guideline value. For a property valued at Rs 33,00,000, the registration fee would be Rs 66,000.

Where is the Sub Registrar Office for Block 4 Gandhiji Road located?

The Sub Registrar Office for Block 4 Gandhiji Road is located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.