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Guideline Value

Corporate

Guideline Value for Sivarama Sastri Street

₹4400/sq.ft.

The guideline value for Sivarama Sastri Street 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 ₹931 /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 Sivarama Sastri Street

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Sivarama Sastri Street guideline value

The current guideline value of Sivarama Sastri Street 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 Sivarama Sastri Street has changed

The guideline value for Sivarama Sastri Street has seen several revisions over the years. The 2003 revision recorded a value of Rs 931 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007. This was followed by a significant rise to Rs 4,000 per sq.ft in 2012, but then it dropped to Rs 2,680 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 4,000 per sq.ft, and the most recent revision in 2024 set it at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 373%. Notably, there is no figure available for the year 2002 in the register for this street.

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 for these streets is Rs 4,400 per sq.ft, which is equal to the current value of Sivarama Sastri Street.

Stamp duty and registration fee for property in Sivarama Sastri Street

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, bringing the total to 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.

You can calculate your own fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivarama Sastri Street?

The Sub Registrar Office that covers Sivarama Sastri Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, in the Chennai registration zone. 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 when registering property transactions in Muthiyalpet. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that transactions reflect the prevailing market conditions.

When buying or selling property, the guideline value may influence the stamp duty and registration fees, which are calculated based on this value. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Sivarama Sastri Street?

The current guideline value of Sivarama Sastri Street 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 931 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 373% over the years.

What is the stamp duty rate for property in Sivarama Sastri Street?

The stamp duty rate for property transactions in Sivarama Sastri Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sivarama Sastri Street?

The Sub Registrar Office for Sivarama Sastri Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01.

What is the median guideline value in Muthiyalpet?

The median guideline value in Muthiyalpet is Rs 4,400 per sq.ft, which is the same as the current value of Sivarama Sastri Street.