Guideline Value for Arakkonam Salai

Arakkonam Salai guideline value

The current guideline value of Arakkonam Salai is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B village under the Sriperumpudur SRO, 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 significant changes. The 2017 revision set the value at Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in 2023. The most recent revision in 2024 raised the value to Rs 1,320 per sq.ft, marking a 47% increase from 2023 and a 119% increase from 2017.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The changes reflect a substantial rise in the guideline value, indicating a progressive increase over the years.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft, with a median of Rs 400 per sq.ft. The guideline value of Arakkonam Salai is above this median.

• APMS Nagar: Rs 1,320 per sq.ft (2024)
• Arlington County Phase - IV: Rs 1,344 per sq.ft (2024)
• Arlington County Ph.I: Rs 1,320 per sq.ft (2024)
• Arlington county Ph.I Extension: Rs 1,320 per sq.ft (2024)
• Arlington county Ph.II: Rs 1,320 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 guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. Please note that 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 B

The guideline value is an essential factor when registering property transactions in Mevaloorkuppam B. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the Registration Department. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Arakkonam Salai?

The current guideline value of Arakkonam Salai is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 603 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 119% over this period.

What is the registration office for Arakkonam Salai?

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

How is stamp duty calculated for properties in Arakkonam Salai?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400.

What are the other streets in Mevaloorkuppam B?

Other streets in Mevaloorkuppam B include APMS Nagar, Arlington County Phase - IV, Arlington County Ph.I, Arlington county Ph.I Extension, Arlington county Ph.II, and Arul Avenue, with various guideline values for 2024.