Guideline Value

Corporate

Guideline Value for Venkatesa Chetty Street

₹4400/sq.ft.

The guideline value for Venkatesa Chetty 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 ₹817 /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 Venkatesa Chetty Street

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Venkatesa Chetty Street guideline value

The current guideline value of Venkatesa Chetty Street 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 Venkatesa Chetty Street has changed

Over the years, the guideline value for Venkatesa Chetty Street has seen significant changes. The register shows the following revisions: in 2003, the value was Rs 817 per sq.ft; in 2007, it increased to Rs 1,200 per sq.ft; in 2012, it rose to Rs 4,000 per sq.ft; then, in 2017, it decreased to Rs 2,680 per sq.ft. The 2023 revision set the value at Rs 4,000 per sq.ft, followed by the current 2024 revision at Rs 4,400 per sq.ft. The register has no figure for the year 2002.

From 2003 to 2024, the overall change in the guideline value is +439%. Notably, the increase from 2023 to 2024 is +10%, while the jump from 2017 to 2023 is +49%. The value saw a significant drop of -33% from 2012 to 2017, and a remarkable increase of +233% from 2007 to 2012, as well as +47% from 2003 to 2007.

Guideline values in Muthiyalpet

Muthiyalpet village has a total of 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 is Rs 4,400 per sq.ft, which is the same as the current value for Venkatesa Chetty Street.

Stamp duty and registration fee for property in Venkatesa Chetty Street

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 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 details.

Which Sub Registrar Office covers Venkatesa Chetty Street?

The Sub Registrar Office that covers Venkatesa Chetty Street 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 for property transactions in Muthiyalpet. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the sale.

When buying or selling property, it is essential to understand that the guideline value will influence the overall cost of the transaction. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Venkatesa Chetty Street?

The current guideline value of Venkatesa Chetty 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 significantly from Rs 817 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, showing an overall increase of +439% over the years.

What is the stamp duty rate for properties on Venkatesa Chetty Street?

The stamp duty rate for properties on Venkatesa Chetty Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Venkatesa Chetty Street?

The Sub Registrar Office for Venkatesa Chetty Street is located at No.11, Davidson Street, Sowcarpet, Chennai-01.

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

Other streets in Muthiyalpet include Venkatesa Lane at Rs 3,800 per sq.ft, Venkatesa Maistry Street at Rs 4,400 per sq.ft, and Venkatachalam Mudal Street at Rs 4,900 per sq.ft, among others.