Guideline Value for ARIMA WAKE FIELD

Arima Wake Field guideline value

The current guideline value of Arima Wake Field is Rs 5,600 per sq.ft, effective from 1 July 2024. This street is located in Villankuruchicorpration village under the Ganapathy SRO, classified as Commercial Special Type - I.

How the guideline value of Arima Wake Field has changed

In the 2017 revision, the guideline value was Rs 3,350 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 5,600 per sq.ft, marking a significant change of +67% from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been an increase of +67%. It is important to note that 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 with a 2024 guideline value ranging from Rs 1,002 to Rs 5,600 per sq.ft. The median guideline value is Rs 1,003 per sq.ft, placing Arima Wake Field's 2024 figure significantly above this median.

• Arima Crown Meadows: Rs 2,675 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 Wake Field

For a 1,000 sq.ft plot at the current guideline value of Rs 5,600 per sq.ft, the total guideline value would be Rs 56,00,000. The stamp duty at 7% would be Rs 3,92,000, and the registration fee at 2% would be Rs 1,12,000, bringing the total to Rs 5,04,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arima Wake Field?

The Sub Registrar Office that covers Arima Wake Field 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 when registering property transactions in Villankuruchicorpration. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When a buyer or seller engages in a property transaction, the guideline value helps determine the official value of the property for registration purposes. This value is essential for both parties to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Arima Wake Field?

The current guideline value of Arima Wake Field is Rs 5,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,350 per sq.ft in 2017 to Rs 5,600 per sq.ft in 2024, marking an overall increase of +67%. There was no change in the 2023 revision compared to 2017.

What is the land classification of Arima Wake Field?

Arima Wake Field is classified as Commercial Special Type - I under the Ganapathy SRO.

What are the guideline values of other streets in Villankuruchicorpration?

Other streets in Villankuruchicorpration have varying guideline values, ranging from Rs 1,002 to Rs 5,600 per sq.ft. For example, Arima Crown Meadows is Rs 2,675 per sq.ft, while Anna Nagar Society Layout is Rs 1,002 per sq.ft.

Where is the Ganapathy Sub Registrar Office located?

The Ganapathy Sub Registrar Office is located at Sankaralinganar Road, Maniyakaranpalayam, Ganapathy, Coimbatore, 641006. This office handles registrations for properties in Arima Wake Field.