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Guideline Value

Corporate

Guideline Value for Asirvathapuram 1st Lane

₹4400/sq.ft.

The guideline value for Asirvathapuram 1st 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 ₹982 /sq.ft.
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 1st Lane

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Asirvathapuram 1st Lane guideline value

The current guideline value of Asirvathapuram 1st 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 1st Lane has changed

The guideline value for Asirvathapuram 1st Lane has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 982 per sq.ft. This value increased to Rs 1,200 per sq.ft in 2007, marking a 22% rise. The value then surged to Rs 4,000 per sq.ft in 2012, representing a significant increase of 233%. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The most recent revisions show a rise to Rs 4,000 per sq.ft in 2023 and further to Rs 4,400 per sq.ft in 2024, which is a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 348%. It is important to note that there is no figure recorded for the year 2002 for this street in the register.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO, with guideline values ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current value of Asirvathapuram 1st Lane.

Stamp duty and registration fee for property in Asirvathapuram 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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 1st Lane?

The Sub Registrar Office that covers Asirvathapuram 1st Lane is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Muthiyalpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers and sellers to be aware of the current guideline value to ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of Asirvathapuram 1st Lane?

The current guideline value of Asirvathapuram 1st 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 982 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 348% over the years.

What is the stamp duty rate for property in Asirvathapuram 1st Lane?

The stamp duty rate for property transactions in Asirvathapuram 1st Lane is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Asirvathapuram 1st Lane?

The Sub Registrar Office for Asirvathapuram 1st Lane is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01.

What is the land classification for Asirvathapuram 1st Lane?

Asirvathapuram 1st Lane is classified as Residential Class I Type - I according to the guideline value register.