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Guideline Value

Corporate

Guideline Value for Portugeese Church 3rd Lane

₹4400/sq.ft.

The guideline value for Portugeese Church 3rd 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 ₹999 /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 Portugeese Church 3rd Lane

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Portugeese Church 3rd Lane guideline value

The current guideline value of Portugeese Church 3rd 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 Portugeese Church 3rd Lane has changed

The guideline value for Portugeese Church 3rd Lane has seen several revisions over the years. Starting with the 2003 revision, the value was Rs 999 per sq.ft. This increased to Rs 1,200 per sq.ft in 2007, marking a 20% rise. The value then surged to Rs 4,000 per sq.ft in 2012, reflecting a significant increase of 233%. However, the 2017 revision saw a decrease to Rs 2,680 per sq.ft, a drop of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft from the 2024 revision, representing a 10% increase from the previous year.

Overall, the guideline value has increased by 340% from Rs 999 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024. It is important to note that the register has no figure for this street in 2002.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO, with guideline values ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the 2024 figure for Portugeese Church 3rd Lane.

Stamp duty and registration fee for property in Portugeese Church 3rd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, these fees would total 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Portugeese Church 3rd Lane?

The Sub Registrar Office that covers Portugeese Church 3rd Lane is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a critical 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 applicable to the property transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that they are based on a recognized value rather than the sale price alone. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Portugeese Church 3rd Lane?

The current guideline value of Portugeese Church 3rd 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 significantly from Rs 999 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 340% over the years.

What is the land classification for Portugeese Church 3rd Lane?

Portugeese Church 3rd Lane is classified as Residential Class I Type - I.

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

For a property valued at Rs 44,00,000, the stamp duty is Rs 3,08,000, and the registration fee is Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations in Muthiyalpet?

The Sowcarpet Sub Registrar Office handles property registrations in Muthiyalpet, located at No.11, Davidson Street, Sowcarpet, Chennai-01.