Guideline Value for Arakkonam Salai

Arakkonam Salai guideline value

The current guideline value of Arakkonam Salai is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Arakkonam Salai has changed

Over the years, the guideline value of Arakkonam Salai has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 900 per sq.ft. The 2017 revision recorded a lower value of Rs 603 per sq.ft, marking a decrease of 33% from the 2012 figure. The overall change from 2012 to 2024 shows no increase, as the value remains at Rs 900 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 900 per sq.ft in 2023. The most recent revision, effective from 1 July 2024, maintains this figure, indicating a stable guideline value for the street.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 200 to Rs 2,400 per sq.ft. The median guideline value for the village is Rs 400 per sq.ft, placing Arakkonam Salai's 2024 figure above this median.

• APMS Nagar: Rs 900 per sq.ft (2024)
• Arlington County Phase - IV: Rs 1,344 per sq.ft (2024)
• Arlington County Ph.I: Rs 900 per sq.ft (2024)
• Arlington county Ph.I Extension: Rs 900 per sq.ft (2024)
• Arlington county Ph.II: Rs 900 per sq.ft (2024)
• Arul Avenue: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Arakkonam Salai

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, while the registration fee at 2% would be Rs 18,000, bringing the total fees to Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arakkonam Salai?

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

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

The guideline value is a crucial factor when registering property transactions in Mevaloorkuppam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable taxes. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Arakkonam Salai?

The current guideline value of Arakkonam Salai is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft since 2012, with a notable increase from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023.

What are the other streets in Mevaloorkuppam?

Other streets in Mevaloorkuppam include APMS Nagar, Arlington County Phase - IV, Arlington County Ph.I, Arlington county Ph.I Extension, Arlington county Ph.II, and Arul Avenue, each with their respective guideline values.

What are the stamp duty and registration fees for properties in Arakkonam Salai?

For a property valued at Rs 9,00,000, the stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000.

Where is the Sub Registrar Office for Arakkonam Salai located?

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