Guideline Value for ARIMA CROWN MEADOWS

Arima Crown Meadows guideline value

The current guideline value of Arima Crown Meadows is Rs 2,675 per sq.ft. It is located in Villankuruchicorpration village, under the Ganapathy SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Arima Crown Meadows has changed

According to the guideline value register, the revision history for Arima Crown Meadows shows that the guideline value was Rs 1,600 per sq.ft in both the 2017 and 2023 revisions. The most recent revision in 2024 set the value at Rs 2,675 per sq.ft, reflecting a significant increase of 67% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. The register has no figures for the years 2002, 2003, 2007, 2012.

Guideline values in Villankuruchicorpration

In Villankuruchicorpration, there are 168 streets under the Ganapathy SRO that carry a 2024 guideline value, ranging from Rs 1,002 to Rs 5,600 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, making the Arima Crown Meadows guideline value above this median.

• Arima Wake Field: Rs 5,600 per sq.ft (2024)
• Argus Nagar,Valluvar Nagar,1,2,3 Th Cross: Rs 2,800 per sq.ft (2024)
• Anna Nagar Society Layout: Rs 1,002 per sq.ft (2024)
• A.S Nagar: Rs 1,004 per sq.ft (2024)
• A.S.Nagar Lakshmi Gardens: Rs 1,002 per sq.ft (2024)
• Anna Nagar Balaranganathapuram Nerhur Street: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Arima Crown Meadows

For a 1,000 sq.ft plot at the current guideline value of Rs 2,675 per sq.ft, the total guideline value amounts to Rs 26,75,000. The stamp duty at 7% would be Rs 1,87,250, and the registration fee at 2% would be Rs 53,500, bringing the total cost for these fees to Rs 2,40,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arima Crown Meadows?

The Sub Registrar Office that covers Arima Crown Meadows is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Villankuruchicorpration. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Arima Crown Meadows?

The current guideline value of Arima Crown Meadows is Rs 2,675 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value has increased by 67%, moving from Rs 1,600 per sq.ft to Rs 2,675 per sq.ft.

What is the land classification of Arima Crown Meadows?

The land classification for Arima Crown Meadows is Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Arima Crown Meadows?

The Sub Registrar Office covering Arima Crown Meadows is the Ganapathy Sub Registrar Office, located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006.

How is the stamp duty calculated for property in Arima Crown Meadows?

Stamp duty for property in Arima Crown Meadows is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,40,750, which includes stamp duty and registration fees.