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Guideline Value

Corporate

Guideline Value for Vadamalai Maistry 1st Lane

₹6000/sq.ft.

The guideline value for Vadamalai Maistry 1st Lane in Muthiyalpet village (Sowcarpet SRO, Chennai zone) is Rs 6000 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Muthiyalpet

Village

Sowcarpet

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹6000 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /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 Vadamalai Maistry 1st Lane

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Vadamalai Maistry 1st Lane guideline value

The current guideline value for Vadamalai Maistry 1st Lane is Rs 6,000 per sq.ft, effective from 1 July 2024. This lane is located in Muthiyalpet village under the Sowcarpet SRO, classified as Residential Special Type - I.

How the guideline value of Vadamalai Maistry 1st Lane has changed

The guideline value for Vadamalai Maistry 1st Lane has seen several revisions over the years. The earliest recorded value was Rs 2,000 per sq.ft in 2007, which increased significantly to Rs 5,500 per sq.ft in 2012, reflecting a rise of 175%. However, it then dropped to Rs 3,685 per sq.ft in 2017, a decrease of 33%. The value rebounded to Rs 5,500 per sq.ft in 2023, and further increased to the current rate of Rs 6,000 per sq.ft in 2024, marking a rise of 9%.

There are no recorded figures for Vadamalai Maistry 1st Lane in 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 200%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that have a guideline value for 2024, 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, making the guideline value for Vadamalai Maistry 1st Lane above the median.

Stamp duty and registration fee for property in Vadamalai Maistry 1st Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total fees to Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vadamalai Maistry 1st Lane?

The Sub Registrar Office that covers Vadamalai Maistry 1st Lane is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. For more information, you can find your SRO.

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

The guideline value is utilized during the registration of property transactions in Muthiyalpet. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized value.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction, which is essential for both the buyer and seller to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Vadamalai Maistry 1st Lane?

The current guideline value for Vadamalai Maistry 1st Lane is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 200% over the years.

What is the stamp duty rate for properties in Vadamalai Maistry 1st Lane?

The stamp duty rate for properties in Vadamalai Maistry 1st Lane is 7%, which is applied to the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Vadamalai Maistry 1st Lane?

The Sub Registrar Office for Vadamalai Maistry 1st Lane is located at No.11, Davidson Street, Sowcarpet, Chennai-01.

Are there other streets with the same guideline value in Muthiyalpet?

Yes, there are other streets in Muthiyalpet with the same guideline value of Rs 6,000 per sq.ft, including Vadamalai Maistry 2nd Lane and Vadamalai Maistry Street.