Guideline Value for Arlington County Ph.I

Arlington County Ph.I guideline value

The current guideline value for Arlington County Ph.I is Rs 900 per sq.ft. This property is located in Mevaloorkuppam village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Arlington County Ph.I has changed

The guideline value for Arlington County Ph.I has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision saw a significant increase to Rs 603 per sq.ft, marking a 49% rise from the previous figure. However, this was followed by a return to Rs 900 per sq.ft in 2023, which has been maintained in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 900 per sq.ft.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Arlington County Ph.I above this median.

• Arlington County Phase - IV: Rs 1,344 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)
• Arakkonam Salai: Rs 900 per sq.ft (2024)
• APMS Nagar: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Arlington County Ph.I

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and 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 or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arlington County Ph.I?

The Sub Registrar Office that covers Arlington County Ph.I is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mevaloorkuppam. It is used to determine the stamp duty and registration fees required for the transaction, ensuring that both parties are aware of the financial obligations involved.

When a property is registered, the guideline value will be referenced to calculate the applicable fees. This ensures transparency in the transaction and helps in maintaining a standard valuation across properties in the area.

Frequently asked questions

What is the current guideline value for Arlington County Ph.I?

The current guideline value for Arlington County Ph.I is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most notable changes occurring between 2017 and 2023, where it increased by 49%. However, it returned to Rs 900 per sq.ft in 2023 and has remained the same in 2024.

What is the land classification for Arlington County Ph.I?

Arlington County Ph.I is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Arlington County Ph.I?

The Sub Registrar Office for Arlington County Ph.I is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Mevaloorkuppam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 9,00,000 would incur a stamp duty of Rs 63,000 at 7%.