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Guideline Value

Corporate

Guideline Value for Asirvathapuram 3rd Lane

₹4400/sq.ft.

The guideline value for Asirvathapuram 3rd 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 3rd Lane

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Asirvathapuram 3rd Lane guideline value

The current guideline value of Asirvathapuram 3rd Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village and falls under the Sowcarpet SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Asirvathapuram 3rd Lane has changed

The guideline value for Asirvathapuram 3rd Lane has seen several revisions over the years. In 2003, the value was Rs 982 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007, marking a rise of 22%. The value then surged to Rs 4,000 per sq.ft in 2012, reflecting a significant increase of 233%. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 4,400 per sq.ft, an increase of 10%.

Overall, from 2003 to 2024, the guideline value has increased by 348%. Notably, there is no figure available for the year 2002 in the register for this street.

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 is equal to the current value for Asirvathapuram 3rd Lane.

Stamp duty and registration fee for property in Asirvathapuram 3rd 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 and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Asirvathapuram 3rd Lane?

The Sub Registrar Office that covers Asirvathapuram 3rd Lane is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. For more information, 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 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 stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This ensures transparency in transactions and helps prevent undervaluation during the registration process.

Frequently asked questions

What is the current guideline value of Asirvathapuram 3rd Lane?

The current guideline value of Asirvathapuram 3rd 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 this period.

What is the registration office for Asirvathapuram 3rd Lane?

The registration office for Asirvathapuram 3rd Lane is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where can I find more information on guideline values in Muthiyalpet?

Information on guideline values in Muthiyalpet can be found through the Registration Department's guideline value register, which provides details on various streets and their respective values.