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Guideline Value

Corporate

Guideline Value for Portugeese Church Street 6th Lane

₹4400/sq.ft.

The guideline value for Portugeese Church Street 6th 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 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 Portugeese Church Street 6th Lane

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Portugeese Church Street 6th Lane guideline value

The current guideline value of Portugeese Church Street 6th 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 Street 6th Lane has changed

The guideline value for Portugeese Church Street 6th Lane has undergone several revisions over the years. The earliest recorded value was Rs 1,200 per sq.ft in 2007, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. Following this, the value rose sharply to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft as of the 2024 revision. Notably, the register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 saw a decrease of 33%, while the rise from 2007 to 2012 was a substantial 233%. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that have a 2024 guideline value ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which is the same as the current guideline value for Portugeese Church Street 6th Lane.

Stamp duty and registration fee for property in Portugeese Church Street 6th 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, bringing the total fees to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Portugeese Church Street 6th Lane?

The Sub Registrar Office that covers Portugeese Church Street 6th 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 crucial factor in property transactions in Muthiyalpet. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

During the registration process, the guideline value serves as a benchmark for assessing the property's worth. It helps in maintaining transparency and consistency in property transactions, providing a clear framework for both buyers and sellers.

Frequently asked questions

What is the current guideline value for Portugeese Church Street 6th Lane?

The current guideline value for Portugeese Church Street 6th 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 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 267% over this period.

What are the other streets in Muthiyalpet with similar guideline values?

Other streets in Muthiyalpet with a guideline value of Rs 4,400 per sq.ft include Portugeese Church Street 7th Lane, Portugeese Church 5th Lane, Portugeese Church Street 8th Lane, Portugeese Church 4th Lane, and Portugeese Church Street 9th Lane.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Portugeese Church Street 6th Lane is located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find more details about your SRO online.