Guideline Value

Corporate

Guideline Value for Asirvathapuram 5th Lane

₹4400/sq.ft.

The guideline value for Asirvathapuram 5th 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 5th Lane

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Asirvathapuram 5th Lane guideline value

The current guideline value of Asirvathapuram 5th Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village under the Sowcarpet SRO, classified as Residential Class I Type - I.

How the guideline value of Asirvathapuram 5th Lane has changed

The guideline value for Asirvathapuram 5th Lane has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 982 per sq.ft. This 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, reflecting a significant increase of 233%. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value rebounded to Rs 4,000 per sq.ft in 2023, and most recently, it has increased by 10% to Rs 4,400 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 348%. The register has no figure for the year 2002 for this street.

Guideline values in Muthiyalpet

Muthiyalpet village has a total of 357 streets under the Sowcarpet SRO, with the 2024 guideline values ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the guideline value for Asirvathapuram 5th Lane.

Stamp duty and registration fee for property in Asirvathapuram 5th 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 these fees would be Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Asirvathapuram 5th Lane?

The Sub Registrar Office that covers Asirvathapuram 5th 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 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 revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the applicable fees and taxes. Buyers should be aware that the duty is charged on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Asirvathapuram 5th Lane?

The current guideline value of Asirvathapuram 5th 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 seen various changes, starting from Rs 982 per sq.ft in 2003, rising to Rs 4,400 per sq.ft in 2024, which is an overall increase of 348% since 2003.

What is the median guideline value in Muthiyalpet?

The median guideline value in Muthiyalpet is Rs 4,400 per sq.ft, which is also the current guideline value for Asirvathapuram 5th Lane.

What are the stamp duty and registration fees for properties in Asirvathapuram 5th Lane?

The stamp duty for properties in Asirvathapuram 5th Lane is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 3,96,000.

Which office handles registrations for Asirvathapuram 5th Lane?

The Sowcarpet Sub Registrar Office handles registrations for Asirvathapuram 5th Lane, located at No.11, Davidson Street, Sowcarpet, Chennai-01.