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Guideline Value

Corporate

Guideline Value for Perumal Koil Garden 1st Lane

₹3800/sq.ft.

The guideline value for Perumal Koil Garden 1st Lane in Muthiyalpet village (Sowcarpet SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Muthiyalpet

Village

Sowcarpet

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Perumal Koil Garden 1st Lane

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Perumal Koil Garden 1st Lane guideline value

The current guideline value of Perumal Koil Garden 1st Lane is Rs 3,800 per sq.ft, effective from 1 July 2024. This property is located in Muthiyalpet village under the Sowcarpet Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Perumal Koil Garden 1st Lane has changed

The guideline value for Perumal Koil Garden 1st Lane has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,500 per sq.ft. This value remained unchanged until the next revision in 2017, where it decreased to Rs 2,345 per sq.ft. Following this, the 2023 revision saw a significant increase to Rs 3,500 per sq.ft, and the most recent revision in 2024 raised the guideline value to Rs 3,800 per sq.ft.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a growth of 9%. Overall, comparing the figures from 2012 to 2024, there has been a net increase of 9% in the guideline value.

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, with a median value of Rs 4,400 per sq.ft. The guideline value of Perumal Koil Garden 1st Lane is below this median.

Stamp duty and registration fee for property in Perumal Koil Garden 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total cost for these fees to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Perumal Koil Garden 1st Lane?

The Sub Registrar Office that covers Perumal Koil Garden 1st Lane is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Muthiyalpet. It serves as a benchmark for determining the minimum value of a property during registration. Buyers and sellers must be aware that the guideline value is used to calculate stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Perumal Koil Garden 1st Lane?

The current guideline value of Perumal Koil Garden 1st Lane is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,800 per sq.ft in 2024, reflecting a 9% increase. It was Rs 2,345 per sq.ft in 2017, showing a 49% increase to the 2023 figure.

What is the land classification for Perumal Koil Garden 1st Lane?

The land classification for Perumal Koil Garden 1st Lane is Residential Class II Type - I. This classification is important for determining the usage and regulations for the property.

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

For a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 and the registration fee would be Rs 76,000, totaling Rs 3,42,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles the registration for Perumal Koil Garden 1st Lane?

The registration for Perumal Koil Garden 1st Lane is handled by the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01.