Common Schedule of Plinth Area Rates for the Valuation of Buildings for Rental Calculation Purpose by PWD and for the Purpose of Collection of Stamp Duty by Registration Department during the Year 2023-2024

What the schedule covers

The Common Schedule of Plinth Area Rates values buildings by plinth area and construction type. Land cost is excluded. It was approved for two purposes:

• Calculating rent for buildings through the Government of Tamil Nadu Public Works Department.
• Valuing buildings for stamp duty collection by the Registration Department.

The index covers load bearing buildings, reinforced cement concrete framed buildings, godowns, older mud mortar and masonry buildings, thatched or tiled roofs, garages, miscellaneous items, external and internal services, and electrical items.

Who may be affected

The Common Schedule of Plinth Area Rates may affect owners who rent private buildings to government offices and parties whose buildings require valuation for stamp duty collection. Public Works Department Chief Engineers, Superintending Engineers and Executive Engineers were instructed to use the approved rates for rental calculations.

Field officers fixing new rent or renewing rent were also directed to follow G.O.Ms.No.51, Finance (Salaries) Department, dated 1 March 2017, to avoid extra financial burden to the Government from rent paid for private buildings occupied by government offices.

Location based additions

The approved rates apply throughout Tamil Nadu, with these additions to rates under items I to XV:

• 20 per cent within Chennai Corporation limits and the 32 kilometre belt around those limits.
• 15 per cent within Coimbatore, Erode and Tiruppur Corporation limits.
• 10 per cent within the Corporation limits of Trichy, Madurai, Salem, Tirunelveli, Thoothukudi, Vellore, Thanjavur, Dindigul, Hosur, Nagercoil and Avadi.
• 5 per cent within all municipal limits.
• 10 per cent for buildings in the Nilgiris, Kodaikanal and Yercaud Hills.

Construction categories and example rates

A load bearing structure has stone or brick masonry walls carrying slab loads without reinforced cement concrete or steel columns. A framed structure uses reinforced cement concrete or steel columns and beams to carry slab loads.

For Class A load bearing buildings using teak wood throughout, the schedule gives per square metre rates according to roof and floor. Examples include:

• Reinforced cement concrete slab roof, ground floor, Rs. 10,750.
• Madras Terrace roof, ground floor, Rs. 9,830.
• Plain Mangalore tile roof, ground floor, Rs. 7,355.
• Galvanised iron sheet roof, ground floor, Rs. 6,235.

The listed depreciation rate for Class A is 1 per cent.