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Guideline Value

Corporate

Guideline Value for Perumal Koil Garden 2nd Lane

₹3800/sq.ft.

The guideline value for Perumal Koil Garden 2nd 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 ₹1000 /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 Perumal Koil Garden 2nd Lane

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Perumal Koil Garden 2nd Lane guideline value

The current guideline value of Perumal Koil Garden 2nd Lane is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village and falls under the jurisdiction of the Sowcarpet SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Perumal Koil Garden 2nd Lane has changed

The guideline value for Perumal Koil Garden 2nd Lane has seen several revisions over the years. In the 2007 revision, the value was set at Rs 1,000 per sq.ft. This figure increased significantly to Rs 3,500 per sq.ft in 2012, marking a 250% increase. However, in the 2017 revision, the value dropped to Rs 2,345 per sq.ft, which represented a decrease of 33%. The value then rose to Rs 3,500 per sq.ft in 2023, and finally, it increased to Rs 3,800 per sq.ft in the 2024 revision, reflecting a change of 9% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 280%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Muthiyalpet

Muthiyalpet has a total of 357 streets under the Sowcarpet SRO, with guideline values ranging from Rs 3,800 to Rs 16,500 per sq.ft as of 2024. The median guideline value for the area is Rs 4,400 per sq.ft, indicating that the guideline value for Perumal Koil Garden 2nd Lane is below this median.

Stamp duty and registration fee for property in Perumal Koil Garden 2nd 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 fees to Rs 3,42,000. 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 precise calculations based on your property details.

Which Sub Registrar Office covers Perumal Koil Garden 2nd Lane?

The Sub Registrar Office that covers Perumal Koil Garden 2nd Lane is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Muthiyalpet. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Perumal Koil Garden 2nd Lane?

The current guideline value of Perumal Koil Garden 2nd 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 1,000 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, showing an overall increase of 280% over the years.

What is the median guideline value in Muthiyalpet?

The median guideline value in Muthiyalpet is Rs 4,400 per sq.ft, with Perumal Koil Garden 2nd Lane's value being below this median.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,42,000.

Where is the Sub Registrar Office for Perumal Koil Garden 2nd Lane located?

The Sowcarpet Sub Registrar Office is located at No.11, Davidson Street, Sowcarpet, Chennai-01, and it covers Perumal Koil Garden 2nd Lane.