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Guideline Value

Corporate

Guideline Value for Perumal Koil Garden 3rd Lane

₹3800/sq.ft.

The guideline value for Perumal Koil Garden 3rd 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 3rd Lane

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Perumal Koil Garden 3rd Lane guideline value

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

How the guideline value of Perumal Koil Garden 3rd Lane has changed

The guideline value for Perumal Koil Garden 3rd Lane has undergone several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 1,000 per sq.ft. This figure increased significantly to Rs 3,500 per sq.ft in 2012, but then saw a decrease to Rs 2,345 per sq.ft in 2017. Following this, the value rose sharply to Rs 3,500 per sq.ft in 2023, and has now reached Rs 3,800 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 280%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

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 for Perumal Koil Garden 3rd Lane is below this median.

Stamp duty and registration fee for property in Perumal Koil Garden 3rd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Koil Garden 3rd Lane?

The Sub Registrar Office that covers Perumal Koil Garden 3rd 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 when registering property transactions in Muthiyalpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable duties, ensuring that the registration process complies with local regulations. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Perumal Koil Garden 3rd Lane?

The current guideline value of Perumal Koil Garden 3rd 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 significantly from Rs 1,000 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 280% over this period.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 38,00,000, leading to a stamp duty of Rs 2,66,000 and a registration fee of Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office covers this street?

The Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, covers Perumal Koil Garden 3rd Lane.

What is the land classification for Perumal Koil Garden 3rd Lane?

The land classification for Perumal Koil Garden 3rd Lane is Residential Class II Type - I.