Guideline Value for Arul Avenue
₹300/sq.ft.
The guideline value for Arul Avenue in Mevaloorkuppam B village (Sriperumpudur SRO, Chengalpattu zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Mevaloorkuppam B
Village
Sriperumpudur
SRO
Residential Class III Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹300 /sq.ft. |
| From 1-4-2023 | ₹300 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹201 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | N/A |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Arul Avenue
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sriperumpudur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Arul Avenue guideline value
The current guideline value of Arul Avenue is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.
How the guideline value of Arul Avenue has changed
The guideline value for Arul Avenue has seen several revisions over the years. The most recent revision in 2024 sets the value at Rs 300 per sq.ft, which is unchanged from the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 201 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.
When comparing the revisions, there has been a 49% increase in the guideline value from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024. The change from 2023 to 2024 shows no percentage increase, maintaining the value at Rs 300 per sq.ft.
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 of Arul Avenue is below this median.
- Arlington county Ph.II: Rs 1,320 per sq.ft (2024)
- Arlington county Ph.I Extension: Rs 1,320 per sq.ft (2024)
- Arlington County Ph.I: Rs 1,320 per sq.ft (2024)
- Arlington County Phase - IV: Rs 1,344 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 Arul Avenue
For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.
Which Sub Registrar Office covers Arul Avenue?
The Sub Registrar Office covering Arul Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.
How the guideline value is used when you buy or sell in Mevaloorkuppam B
The guideline value is a critical factor in the registration process of property transactions in Mevaloorkuppam B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal and taxation purposes.
When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with property transactions. Buyers and sellers must be aware of these values to ensure compliance with local regulations and to avoid any legal complications.
Frequently asked questions
What is the current guideline value of Arul Avenue?
The current guideline value of Arul Avenue is Rs 300 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, while it increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024, marking a 49% increase overall.
What are the other streets in Mevaloorkuppam B?
Other streets in Mevaloorkuppam B include Arlington county Ph.II, Arlington county Ph.I Extension, Arlington County Ph.I, Arlington County Phase - IV, Arakkonam Salai, and APMS Nagar, with values ranging from Rs 1,320 to Rs 1,344 per sq.ft in 2024.
What is the stamp duty rate in Tamil Nadu?
The stamp duty rate in Tamil Nadu is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% of the guideline value.
Where can I find my Sub Registrar Office?
You can find your Sub Registrar Office by visiting the relevant website and entering your details. For Arul Avenue, the office is the Sriperumpudur Sub Registrar Office located at 27, Chetty Street, Sriperumpudur-602 105.
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