Guideline Value for Arakkonam Main Road

Arakkonam Main Road guideline value

The current guideline value of Arakkonam Main Road is Rs 700 per sq.ft, effective from 1 July 2024. This road is located in Valarpuram village under the Sriperumpudur SRO, and it is classified as Commercial Special Type - I.

How the guideline value of Arakkonam Main Road has changed

Over the years, the guideline value for Arakkonam Main Road has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 700 per sq.ft. The 2017 revision marked a significant increase to Rs 469 per sq.ft, reflecting a 49% rise from the previous figure. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 700 per sq.ft.

Guideline values in Valarpuram

In Valarpuram village, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 2,025 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Arakkonam Main Road's 2024 guideline value above this median.

• Arul Avenue Phase III: Rs 400 per sq.ft (2024)
• Anna Nagar 4th Street: Rs 300 per sq.ft (2024)
• Anna Nagar 3rd Street: Rs 300 per sq.ft (2024)
• Anna Nagar 2nd Street: Rs 300 per sq.ft (2024)
• Anna Nagar 1st Street: Rs 300 per sq.ft (2024)
• Ashok Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Arakkonam Main Road

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arakkonam Main Road?

The Sub Registrar Office that covers Arakkonam Main Road is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Valarpuram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Arakkonam Main Road?

The current guideline value of Arakkonam Main Road is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2012 to 2024, but it was Rs 469 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification of Arakkonam Main Road?

Arakkonam Main Road is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Arakkonam Main Road?

The Sub Registrar Office for Arakkonam Main Road is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Valarpuram?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be calculated at 7% of that amount.