Guideline Value for Arlington county Ph.II

Arlington county Ph.II guideline value

The current guideline value of Arlington county Ph.II is Rs 900 per sq.ft, effective from 1 July 2024. This locality is situated in Mevaloorkuppam village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Arlington county Ph.II has changed

Over the years, the guideline value for Arlington county Ph.II 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 guideline value has not changed from 2023 to 2024, maintaining the rate at Rs 900 per sq.ft.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, comparing the 2012 revision to the current 2024 revision, the guideline value has remained constant at Rs 900 per sq.ft, indicating no overall change during this period.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Arlington county Ph.II is above this median.

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

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, making the total cost for these fees Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Arlington county Ph.II?

The Sub Registrar Office that covers Arlington county Ph.II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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 serves as a benchmark for determining the stamp duty and registration fees associated with the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the appropriate taxes are paid.

When a property is registered, the guideline value is used to assess the value of the property for taxation purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the associated costs of the transaction.

Frequently asked questions

What is the current guideline value for Arlington county Ph.II?

The current guideline value for Arlington county Ph.II 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 from 2012 to 2024, with a notable increase of 49% from 2017 to 2023. The 2017 revision recorded a decrease to Rs 603 per sq.ft.

What is the land classification for Arlington county Ph.II?

Arlington county Ph.II is classified as Residential Special Type - I, indicating its designation for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Arlington county Ph.II 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.II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000, resulting in a stamp duty of Rs 63,000.