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Guideline Value

Corporate

Guideline Value for Asirvathapuram 8th Lane

₹4400/sq.ft.

The guideline value for Asirvathapuram 8th 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 N/A
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 8th Lane

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Asirvathapuram 8th Lane guideline value

The current guideline value of Asirvathapuram 8th 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 8th Lane has changed

Over the years, the guideline value for Asirvathapuram 8th Lane has seen several revisions. The 2007 revision set the value at Rs 1,200 per sq.ft, which then increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, in the 2017 revision, the value dropped to Rs 2,680 per sq.ft, reflecting a decrease of 33%. The following revisions saw a substantial increase, with the 2023 revision at Rs 4,000 per sq.ft, and the latest 2024 revision marking a 10% increase to Rs 4,400 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2007 revision to the current 2024 figure, there has been a significant rise of 267% in the guideline value for this street. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Muthiyalpet

In Muthiyalpet, there are a total of 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 for these streets is Rs 4,400 per sq.ft, which is equal to the current guideline value of Asirvathapuram 8th Lane.

Stamp duty and registration fee for property in Asirvathapuram 8th 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, while the registration fee at 2% would be Rs 88,000, totaling 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 details.

Which Sub Registrar Office covers Asirvathapuram 8th Lane?

The Sub Registrar Office that covers Asirvathapuram 8th 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 when registering property transactions in Muthiyalpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions, based on the officially set values.

Frequently asked questions

What is the current guideline value of Asirvathapuram 8th Lane?

The current guideline value of Asirvathapuram 8th 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, from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 267%.

What is the median guideline value in Muthiyalpet?

The median guideline value for streets in Muthiyalpet is Rs 4,400 per sq.ft, which is the same as the current guideline value for Asirvathapuram 8th Lane.

What are the stamp duty and registration fees for properties in Asirvathapuram 8th Lane?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft property, the total fees would amount to Rs 3,96,000.

Which office handles registrations for Asirvathapuram 8th Lane?

The Sowcarpet Sub Registrar Office handles registrations for Asirvathapuram 8th Lane, located at No.11, Davidson Street, Sowcarpet, Chennai-01.