Guideline Value

Corporate

Guideline Value for Asirvathapuram 9th Lane

₹4400/sq.ft.

The guideline value for Asirvathapuram 9th 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 9th 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 9th Lane guideline value

The current guideline value of Asirvathapuram 9th 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 9th Lane has changed

Over the years, the guideline value of Asirvathapuram 9th Lane has seen several revisions. The earliest recorded value is from 2007, where it was Rs 1,200 per sq.ft. This value increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and finally, it is now Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

The revisions for the years 2002 and 2003 do not have figures recorded for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that carry a guideline value for 2024, ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the guideline value of Asirvathapuram 9th Lane.

Stamp duty and registration fee for property in Asirvathapuram 9th 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, making the total cost for these fees 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Asirvathapuram 9th Lane?

The Sub Registrar Office that covers Asirvathapuram 9th 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 critical factor during property transactions in Muthiyalpet. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for all parties involved to be aware of this value to avoid any legal complications during the transaction process.

Frequently asked questions

What is the current guideline value of Asirvathapuram 9th Lane?

The current guideline value of Asirvathapuram 9th 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 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the stamp duty rate for properties in Asirvathapuram 9th Lane?

The stamp duty rate for properties in Asirvathapuram 9th Lane is 7% of the guideline value or the sale price, whichever is higher.

Which office should I visit for property registration in Asirvathapuram 9th Lane?

The Sowcarpet Sub Registrar Office is responsible for property registration in Asirvathapuram 9th Lane, located at No.11, Davidson Street, Sowcarpet, Chennai-01.

What are the other streets with the same guideline value in Muthiyalpet?

Other streets in Muthiyalpet with the same guideline value of Rs 4,400 per sq.ft include Asirvathapuram 8th Lane, Asirvathapuram Street, Asirvathapuram 7th Lane, Asirvathapuram 6th Lane, Asirvathapuram 5th Lane, and Asirvathapuram 4th Lane.