Guideline Value for ARK AVENUE

Ark Avenue guideline value

The current guideline value of Ark Avenue is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Singlikuppam village and falls under the Arani_Tiruvallur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ark Avenue has changed

The guideline value for Ark Avenue has seen several revisions over the years. In the 2017 revision, the value was Rs 167 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 250 per sq.ft. The 2024 revision again set the value at Rs 250 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a 50% increase in the guideline value. Overall, from 2017 to 2024, the guideline value increased by 50%. It is important to note that there are no figures available for Ark Avenue in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Singlikuppam

In Singlikuppam, there are four streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 350 per sq.ft. The median value for these streets is Rs 293 per sq.ft, and Ark Avenue's 2024 guideline value is below this median.

• Padmavathi Nagar: Rs 350 per sq.ft (2024)
• Sri Sai Garden: Rs 250 per sq.ft (2024)
• அன்னை கோமதி நகர்: Rs 335 per sq.ft (2024)

Stamp duty and registration fee for property in Ark Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ark Avenue?

The Sub Registrar Office that covers Ark Avenue is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Singlikuppam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to assess the applicable charges. This value is essential for both parties to understand the financial implications of the transaction, as it directly affects the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Ark Avenue?

The current guideline value of Ark Avenue is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ark Avenue increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in both 2023 and 2024. This represents a 50% increase overall from 2017 to 2024.

What are the other streets in Singlikuppam with guideline values?

Other streets in Singlikuppam under the Arani_Tiruvallur SRO include Padmavathi Nagar at Rs 350 per sq.ft, Sri Sai Garden at Rs 250 per sq.ft, and அன்னை கோமதி நகர் at Rs 335 per sq.ft, all for the year 2024.

What fees are applicable when registering a property in Ark Avenue?

When registering a property in Ark Avenue, the stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Ark Avenue?

The Sub Registrar Office for Ark Avenue is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. This office handles all registration activities for the area.