Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Asirvathapuram 4th Lane

₹4400/sq.ft.

The guideline value for Asirvathapuram 4th 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 4th Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Asirvathapuram 4th Lane guideline value

The current guideline value of Asirvathapuram 4th 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Asirvathapuram 4th Lane has changed

The guideline value for Asirvathapuram 4th Lane has seen several revisions over the years. The earliest recorded value is from 2003, which was Rs 982 per sq.ft. This figure 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%. From 2017 to 2023, the value rose sharply to Rs 4,000 per sq.ft, representing a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, a 10% increase from the previous year.

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

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 value for these streets is Rs 4,400 per sq.ft, which is the same as the guideline value for Asirvathapuram 4th Lane.

Stamp duty and registration fee for property in Asirvathapuram 4th 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, and the registration fee at 2% would be Rs 88,000. Together, the total cost for stamp duty and registration would be 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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Asirvathapuram 4th Lane?

The Sub Registrar Office that covers Asirvathapuram 4th Lane is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Muthiyalpet. It is used to determine the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transactions.

When a property is sold, the guideline value serves as a benchmark to ensure that the sale price is in line with the registered value. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Asirvathapuram 4th Lane?

The current guideline value of Asirvathapuram 4th 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 multiple times, starting 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 stamp duty rate for property in Asirvathapuram 4th Lane?

The stamp duty rate for property transactions in Asirvathapuram 4th Lane is 7% of the guideline value or the sale price, whichever is higher.

What is the registration fee for property in this area?

The registration fee in Asirvathapuram 4th Lane is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Asirvathapuram 4th Lane?

The Sub Registrar Office for Asirvathapuram 4th Lane is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01.