Guideline Value for Arlington County Ph.I

Arlington County Ph.I guideline value

The current guideline value of Arlington County Ph.I is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Mevaloorkuppam B village, under the Sriperumpudur SRO. The land classification for this property is Residential Special Type - I.

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

The guideline value for Arlington County Ph.I has seen several revisions over the years. The 2017 revision set the value at Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value significantly to Rs 1,320 per sq.ft, marking a change of +47% from 2023 to 2024 and +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by +119%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The absence of these figures indicates that the guideline value remained unchanged during those years.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Arlington County Ph.I's guideline value above this median.

• Arlington County Phase - IV: Rs 1,344 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)
• Arakkonam Salai: Rs 1,320 per sq.ft (2024)
• APMS Nagar: Rs 1,320 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 1,320 per sq.ft, the total guideline value amounts to 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 to Rs 1,18,800. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

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. 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 plays a crucial role during the registration process of property transactions in Mevaloorkuppam B. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Arlington County Ph.I is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 603 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of +119% over the seven years.

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

The land classification for Arlington County Ph.I is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the registration office for Arlington County Ph.I?

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

How is the stamp duty calculated for properties in Arlington County Ph.I?

Stamp duty for properties in Arlington County Ph.I is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 92,400.