Guideline Value for ARENA GARDENS

Arena Gardens guideline value

The current guideline value of Arena Gardens is Rs 2,010 per sq.ft, effective from 1 July 2024. This property is located in KALAPATTY_East village, under the Gandhipuram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Arena Gardens has changed

The guideline value for Arena Gardens has undergone significant changes over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, and the most recent 2024 revision increased it to Rs 2,010 per sq.ft, marking a change of +67%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Comparing the 2017 and 2024 revisions highlights a substantial increase in the guideline value. The 2024 figure of Rs 2,010 per sq.ft is considerably higher than the previous figure from 2017, reflecting a notable adjustment in property value in the area.

Guideline values in KALAPATTY_East

In KALAPATTY_East, there are 358 streets under the Gandhipuram SRO that carry a 2024 guideline value ranging from Rs 1,010 to Rs 3,920 per sq.ft, with a median value of Rs 1,055 per sq.ft. Arena Gardens' 2024 figure is above this median.

• Arangasamy Nagar (Civil Aerodrome): Rs 1,065 per sq.ft (2024)
• Arulanantha Nagar (Thottipalayam): Rs 1,040 per sq.ft (2024)
• Arulanantha Puram: Rs 1,040 per sq.ft (2024)
• Anora Gardens: Rs 1,230 per sq.ft (2024)
• Anna Street (Valiyampalayam): Rs 1,040 per sq.ft (2024)
• Anna Street (Kalappatti): Rs 1,040 per sq.ft (2024)

Stamp duty and registration fee for property in Arena Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 2,010 per sq.ft, the total guideline value would be Rs 20,10,000. The stamp duty at 7% would amount to Rs 1,40,700, and the registration fee at 2% would be Rs 40,200, making the total charges together Rs 1,80,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Arena Gardens?

The Sub Registrar Office that covers Arena Gardens is the Gandhipuram Sub Registrar Office, located at SRO Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in KALAPATTY_East. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are based on the official valuation of the property.

When engaging in property transactions, it is essential to be aware of the guideline value as it directly influences the financial obligations associated with the sale. Buyers and sellers must consider this value to ensure compliance with local regulations and accurate financial planning.

Frequently asked questions

What is the current guideline value of Arena Gardens?

The current guideline value of Arena Gardens is Rs 2,010 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,206 per sq.ft in 2017 to Rs 2,010 per sq.ft in 2024, representing a change of +67%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Arena Gardens?

Arena Gardens is classified as Residential Special Type - I. This classification indicates the intended use and zoning regulations applicable to the property.

Where can I find the registration office for Arena Gardens?

The registration office for Arena Gardens is the Gandhipuram Sub Registrar Office, located at SRO Gandhipuram, Kalapatti Road, near Saravanampatti Police Station, Saravanampatti-641035, Coimbatore registration zone.

How is the stamp duty calculated for properties in KALAPATTY_East?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total charges would include the stamp duty and registration fees based on the guideline value.