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Guideline Value

Corporate

Guideline Value for Asirvathapuram 7th Lane

₹4400/sq.ft.

The guideline value for Asirvathapuram 7th 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 7th Lane

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Asirvathapuram 7th Lane guideline value

The current guideline value of Asirvathapuram 7th 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 7th Lane has changed

The guideline value for Asirvathapuram 7th 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 significantly to Rs 4,000 per sq.ft in 2012, reflecting a substantial increase of 233%. However, it fell to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value rose again 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% from the previous year.

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

Guideline values in Muthiyalpet

Muthiyalpet has a range of guideline values across its 357 streets under the Sowcarpet SRO, with figures for 2024 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 the same as that of Asirvathapuram 7th Lane.

Stamp duty and registration fee for property in Asirvathapuram 7th 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, while the registration fee at 2% would be Rs 88,000. Together, the total cost for stamp duty and registration fee would be Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Asirvathapuram 7th Lane?

The Sub Registrar Office that covers Asirvathapuram 7th Lane is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role 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 transaction reflects a fair assessment of the property’s worth.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs that must be settled during the registration process. This ensures that all transactions are documented appropriately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Asirvathapuram 7th Lane?

The current guideline value of Asirvathapuram 7th 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 significantly over the years, increasing from Rs 982 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 348%.

What is the median guideline value in Muthiyalpet?

The median guideline value in Muthiyalpet is Rs 4,400 per sq.ft, which is the same as the current value for Asirvathapuram 7th Lane.

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

For a property valued at 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, totaling Rs 3,96,000.

Which office handles property registrations for Asirvathapuram 7th Lane?

The Sowcarpet Sub Registrar Office handles property registrations for Asirvathapuram 7th Lane, located at No.11, Davidson Street, Sowcarpet, Chennai-01.