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Guideline Value

Corporate

Guideline Value for Block 8 Gandhipuram Street 1-4

₹771/sq.ft.

The guideline value for Block 8 Gandhipuram Street 1-4 in Ward C village (Erode Joint I SRO, Coimbatore zone) is Rs 771 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Coimbatore

Zone

Ward C

Village

Erode Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹771 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹167 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹149 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Annai Sathya Nagar, Iranian Street,rangapalayam,erode-638009
0424-2330032
[email protected]

DRO (District Registrar Office)

Dr Office Compound, Annasathya Nagar, Iraniyan Street, Rangampalayam, Erode - 638 009.
0424-2330031
[email protected], [email protected]

DIG (Deputy Inspector General)

6/1, Grd Road, Redfields, Coimbatore - 18.
0422-2222407
[email protected]
Records for a plot on Block 8 Gandhipuram Street 1-4

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Block 8 Gandhipuram Street 1-4 guideline value

The current guideline value of Block 8 Gandhipuram Street 1-4 is Rs 771 per sq.ft, effective from 1 July 2024. This street is located in Ward C village under the Erode Joint I SRO and is classified as Residential Class III Type - I.

How the guideline value of Block 8 Gandhipuram Street 1-4 has changed

The guideline value for Block 8 Gandhipuram Street 1-4 has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 149 per sq.ft. This increased to Rs 167 per sq.ft in 2003, marking a change of +12%. The value continued to rise, reaching Rs 200 per sq.ft in 2007, which was a +20% increase. By 2012, the value increased further to Rs 500 per sq.ft, reflecting a significant +150% change. However, there was a decline to Rs 335 per sq.ft in 2017, a drop of -33%. The 2023 revision saw a notable increase to Rs 700 per sq.ft, which was a +109% change from the previous figure. The most recent 2024 revision has set the guideline value at Rs 771 per sq.ft, an increase of +10% from 2023.

There are no figures available for revisions in years other than those specified. Overall, from 2002 to 2024, the guideline value has increased by +417%.

Guideline values in Ward C

In Ward C, there are 250 streets under the Erode Joint I SRO, with 2024 guideline values ranging from Rs 770 to Rs 7,700 per sq.ft. The median value is Rs 1,375 per sq.ft, placing the 2024 figure for Block 8 Gandhipuram Street 1-4 below this median.

Stamp duty and registration fee for property in Block 8 Gandhipuram Street 1-4

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, while the registration fee at 2% would be Rs 15,420, bringing the total fees together to Rs 69,390. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Block 8 Gandhipuram Street 1-4?

The Sub Registrar Office that covers Block 8 Gandhipuram Street 1-4 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 C

The guideline value is an important factor when registering property transactions in Ward C. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This process helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value for Block 8 Gandhipuram Street 1-4?

The current guideline value for Block 8 Gandhipuram Street 1-4 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 149 per sq.ft in 2002 to Rs 771 per sq.ft in 2024, showing an overall increase of +417% over the years.

What is the registration office for Block 8 Gandhipuram Street 1-4?

The registration office for Block 8 Gandhipuram Street 1-4 is the Erode Joint I Sub Registrar Office, located at Annai Sathya Nagar, Iranian Street, Rangapalayam, Erode-638009, Coimbatore registration zone.

What is the stamp duty rate applicable in this area?

The stamp duty rate applicable in this area is 7%, which is calculated based on the guideline value or the sale price, whichever is higher.

Are there other streets with similar guideline values in Ward C?

Yes, there are several other streets in Ward C with similar guideline values. For example, Block 8 Gandhipuram Huts and Block 8 Kannaian Road 1,2,3 both have a guideline value of Rs 770 per sq.ft in 2024.