Guideline Value for Arlington County Phase - IV

Arlington County Phase - IV guideline value

The current guideline value for Arlington County Phase - IV is Rs 1,344 per sq.ft. This property is located in Mevaloorkuppam B village, under the Sriperumpudur SRO, and is classified as Mixed Type - III land.

How the guideline value of Arlington County Phase - IV has changed

The guideline value for Arlington County Phase - IV has seen several revisions over the years. In 2017, the guideline value was set at Rs 900 per sq.ft. This figure remained unchanged in the subsequent revisions until 2023, when it was revised to Rs 1,344 per sq.ft. The 2024 revision also maintains this same value of Rs 1,344 per sq.ft, indicating no change from the previous year.

Between 2017 and 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Arlington County Phase - IV is above this median.

• 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)
• 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 Phase - IV

For a 1,000 sq.ft plot at the current guideline value of Rs 1,344 per sq.ft, the total guideline value amounts to Rs 13,44,000. The stamp duty at 7% would be Rs 94,080, and the registration fee at 2% would be Rs 26,880, bringing the total to Rs 1,20,960. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Arlington County Phase - IV?

The Sub Registrar Office that covers Arlington County Phase - IV 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 essential when registering a property in Mevaloorkuppam B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value at which the property must be registered. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value for Arlington County Phase - IV?

The current guideline value for Arlington County Phase - IV is Rs 1,344 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 900 per sq.ft to Rs 1,344 per sq.ft in 2024, marking a 49% increase overall. The value remained unchanged from 2023 to 2024.

What are the other streets in Mevaloorkuppam B with their guideline values?

Other streets in Mevaloorkuppam B include Arlington County Ph.I, Arlington county Ph.I Extension, and Arlington county Ph.II, all valued at Rs 1,320 per sq.ft. Other streets like Arul Avenue and Arakkonam Salai have values of Rs 300 and Rs 1,320 per sq.ft respectively.

How is the stamp duty calculated for properties in Arlington County Phase - IV?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 13,44,000, the stamp duty would amount to Rs 94,080.

Where can I find the Sub Registrar Office for Arlington County Phase - IV?

The Sub Registrar Office for Arlington County Phase - IV is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the appropriate link.