Guideline Value for Portugeese Church Street 8th Lane

Portugeese Church Street 8th Lane guideline value

The current guideline value of Portugeese Church Street 8th Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village under the Sowcarpet SRO and is classified as Residential Class I Type - I.

How the guideline value of Portugeese Church Street 8th Lane has changed

The guideline value for Portugeese Church Street 8th Lane has experienced several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 233% rise. However, this value dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, and further increased by 10% to the current rate of Rs 4,400 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for this street. 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 guideline value is Rs 4,400 per sq.ft, which matches the current value of Portugeese Church Street 8th Lane.

• Portugeese Church Street 7th Lane: Rs 4,400 per sq.ft (2024)
• Portugeese Church Street 9th Lane: Rs 4,400 per sq.ft (2024)
• Portugeese Church Street 6th Lane: Rs 4,400 per sq.ft (2024)
• Portugeese Church Street: Rs 6,000 per sq.ft (2024)
• Portugeese Church 5th Lane: Rs 4,400 per sq.ft (2024)
• Portugeese Church 4th Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Portugeese Church Street 8th 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, and the registration fee at 2% would be Rs 88,000, making the total cost Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Portugeese Church Street 8th Lane?

The Sub Registrar Office that covers Portugeese Church Street 8th 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 plays a crucial role in the registration process of property transactions in Muthiyalpet. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Portugeese Church Street 8th Lane?

The current guideline value of Portugeese Church Street 8th 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 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 the years.

What are the other guideline values in Muthiyalpet?

In Muthiyalpet, the guideline values for other streets range from Rs 3,800 to Rs 16,500 per sq.ft, with the median being Rs 4,400 per sq.ft.

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

Stamp duty is charged at 7% and registration fees at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Portugeese Church Street 8th Lane?

The Sowcarpet Sub Registrar Office is located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find more information about your SRO online.