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Guideline Value

Corporate

Guideline Value for Portugeese Church 4th Lane

₹4400/sq.ft.

The guideline value for Portugeese Church 4th 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 4th Lane

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Portugeese Church 4th Lane guideline value

The current guideline value of Portugeese Church 4th 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 4th Lane has changed

The guideline value for Portugeese Church 4th Lane has seen several revisions over the years. In 2003, the value was Rs 999 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007. Following this, the value rose significantly to Rs 4,000 per sq.ft in 2012, before dropping to Rs 2,680 per sq.ft in 2017. The most recent revision in 2023 set the value at Rs 4,000 per sq.ft, and it has now increased to Rs 4,400 per sq.ft in 2024, marking a 10% rise from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 340%. The register does not have a 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 matches the guideline value of Portugeese Church 4th Lane.

Stamp duty and registration fee for property in Portugeese Church 4th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to 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, leading to a total of 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 Portugeese Church 4th Lane?

The Sub Registrar Office covering Portugeese Church 4th 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 crucial factor in the registration process when buying or selling property in Muthiyalpet. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is registered, the guideline value helps determine the minimum value at which the property can be sold, ensuring transparency and compliance with local regulations. Buyers and sellers should be aware of the current guideline value to accurately assess their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Portugeese Church 4th Lane?

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

What is the stamp duty for properties in Portugeese Church 4th Lane?

The stamp duty for properties in Portugeese Church 4th Lane is 7% of the guideline value. For a 1,000 sq.ft plot at the current rate, this amounts to Rs 3,08,000.

Where is the Sub Registrar Office for Portugeese Church 4th Lane located?

The Sub Registrar Office for Portugeese Church 4th Lane is located at No.11, Davidson Street, Sowcarpet, Chennai-01.

What is the land classification for Portugeese Church 4th Lane?

Portugeese Church 4th Lane is classified as Residential Class I Type - I, which indicates its designation for residential use within the area.