Guideline Value

Corporate

Guideline Value for Bangarammal Street

₹4400/sq.ft.

The guideline value for Bangarammal Street 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 ₹920 /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 Bangarammal Street

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Bangarammal Street guideline value

The current guideline value of Bangarammal Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village under the Sowcarpet SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Bangarammal Street has changed

Over the years, the guideline value of Bangarammal Street has seen significant changes. In 2003, the value was Rs 920 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007. This was followed by a substantial rise to Rs 4,000 per sq.ft in 2012, but then it dropped to Rs 2,680 per sq.ft in 2017. The value saw a notable increase to Rs 4,000 per sq.ft in 2023, and finally, it stands at Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. The rise from 2007 to 2012 was significant at 233%, and from 2003 to 2007, it increased by 30%. Overall, from 2003 to 2024, there has been an increase of 378%. The register has no figure for the year 2002 for this street.

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 is Rs 4,400 per sq.ft, which is equal to the guideline value of Bangarammal Street.

Stamp duty and registration fee for property in Bangarammal Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be 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. It is important to note that the 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 Bangarammal Street?

The Sub Registrar Office that covers Bangarammal Street 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 when buying or selling property in Muthiyalpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable charges. This value is essential for both buyers and sellers to understand their financial obligations during the property transaction process.

Frequently asked questions

What is the current guideline value of Bangarammal Street?

The current guideline value of Bangarammal Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Bangarammal Street has changed significantly from Rs 920 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 378% over the years.

What are the other streets in Muthiyalpet with their guideline values?

Other streets in Muthiyalpet include Balasubaraya Chetty Street and Balasubaraya Chetty Lane at Rs 5,500 per sq.ft, Barlin Basin Street at Rs 6,000 per sq.ft, and Barracks 1st, 2nd, and Road at Rs 4,900 per sq.ft.

How is stamp duty calculated for properties in Bangarammal Street?

Stamp duty for properties in Bangarammal Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000.

Where can I find the Sub Registrar Office for Bangarammal Street?

The Sub Registrar Office for Bangarammal Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find more information about it online.