Guideline Value

Corporate

Guideline Value for Asirvathapuram 12th Lane

₹4400/sq.ft.

The guideline value for Asirvathapuram 12th 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 12th Lane

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Asirvathapuram 12th Lane guideline value

The current guideline value of Asirvathapuram 12th 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 is classified as Residential Class I Type - I.

How the guideline value of Asirvathapuram 12th Lane has changed

The guideline value for Asirvathapuram 12th Lane has seen several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017. Following this, the value rose to Rs 4,000 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 4,400 per sq.ft. The changes from 2017 to 2023 saw an increase of 49%, while the jump from 2023 to 2024 was 10%.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, 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, with a median value of Rs 4,400 per sq.ft. The guideline value for Asirvathapuram 12th Lane matches this median.

Stamp duty and registration fee for property in Asirvathapuram 12th Lane

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important 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 detailed calculations.

Which Sub Registrar Office covers Asirvathapuram 12th Lane?

The Sub Registrar Office that covers Asirvathapuram 12th Lane is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone. You can find your SRO online for more information.

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

The guideline value is a crucial factor in the registration process of property transactions. When buying or selling property in Muthiyalpet, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions. This helps to avoid any discrepancies or issues that may arise during the registration process.

Frequently asked questions

What is the current guideline value of Asirvathapuram 12th Lane?

The current guideline value of Asirvathapuram 12th 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 a total increase of 267% over the years.

What is the land classification of Asirvathapuram 12th Lane?

Asirvathapuram 12th Lane is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What is the registration office for Asirvathapuram 12th Lane?

The registration office for Asirvathapuram 12th Lane is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01.

How is stamp duty calculated for properties in Asirvathapuram 12th Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 3,96,000.