Guideline Value

Corporate

Guideline Value for Asirvathapuram 11th Lane

₹4400/sq.ft.

The guideline value for Asirvathapuram 11th Lane in Muthiyalpet village (Sowcarpet SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Muthiyalpet

Village

Sowcarpet

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
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

SRO (Sub Registrar Office)

No.11, Davidson Street, Sowcarpet, Chennai-01
044-25228102
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Asirvathapuram 11th Lane

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Asirvathapuram 11th Lane guideline value

The current guideline value of Asirvathapuram 11th Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village under the Sowcarpet SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Asirvathapuram 11th Lane has changed

The guideline value for Asirvathapuram 11th Lane has undergone several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, the value then decreased to Rs 2,680 per sq.ft in the 2017 revision, a reduction of 33%. Following this, the 2023 revision saw a substantial increase to Rs 4,000 per sq.ft, and the latest revision in 2024 has raised it further to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

There are no registered figures for Asirvathapuram 11th Lane in the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that carry a 2024 guideline value ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which matches the current value for Asirvathapuram 11th Lane.

Stamp duty and registration fee for property in Asirvathapuram 11th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Asirvathapuram 11th Lane?

The Sub Registrar Office that covers Asirvathapuram 11th Lane is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. For more details, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Muthiyalpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Asirvathapuram 11th Lane?

The current guideline value of Asirvathapuram 11th Lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What are the other streets in Muthiyalpet with the same guideline value?

Other streets in Muthiyalpet with the same guideline value of Rs 4,400 per sq.ft include Asirvathapuram 10th Lane, 12th Lane, 13th Lane, 1st Lane, 2nd Lane, and 3rd Lane.

What are the stamp duty and registration fees for property in Asirvathapuram 11th Lane?

The stamp duty for a property valued at Rs 44,00,000 is Rs 3,08,000, and the registration fee is Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for Asirvathapuram 11th Lane?

The Sowcarpet Sub Registrar Office handles the registration for Asirvathapuram 11th Lane, located at No.11, Davidson Street, Sowcarpet, Chennai-01.