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 2016-2017

What the schedule governed

Proceedings No. HDO (B) / 65325 / 2001, dated 16 August 2016, from the Office of the Engineer-in-Chief (Buildings) and Chief Engineer (Buildings), Chennai Region, Public Works Department approved a common schedule for valuing buildings by plinth area. It served two purposes:

• Rental calculations by the Public Works Department.
• Building valuation for stamp duty collection by the Registration Department.

The schedule covered the 2016-2017 period and was effective from 16 August 2016 to 15 August 2017. The Registration Department head office in Chennai circulated the schedule to registration officers on 19 September 2016.

Who it affected

The 2016-2017 schedule was directed to Public Works Department building engineers and Registration Department officials, including Sub-Registrars and District Registrars. It could affect owners of private buildings rented for government offices and parties whose buildings required valuation for stamp duty purposes during its stated period.

Property buyers and professionals should note that the rates value construction by plinth area and expressly exclude the cost of land. The document limits their operation to 15 August 2017.

Key provisions

• Rates applied across Tamil Nadu, subject to location-based additions for categories numbered I to XII.
• Buildings within Chennai Corporation limits and the surrounding 32 kilometre belt received an additional 20%.
• Buildings within Coimbatore, Erode and Tiruppur Corporation limits received an additional 15%.
• Buildings within Trichy, Madurai, Salem, Tirunelveli, Thoothukudi and Vellore Corporation limits received an additional 10%.
• Buildings within all municipal limits received an additional 5%.
• Buildings in the Nilgiris, Kodaikanal and Yercaud hills received an additional 10%.
• Public Works Department field officers were instructed to follow G.O. Ms. No. 329, Finance (Salaries) Department, dated 30 August 2001, when fixing or renewing rent for private buildings occupied by government offices.

Examples from the supplied rates

For a Class-A brick building using teak wood throughout and having an RCC slab roof, the listed rates per square metre were Rs. 6,775 for the ground floor, Rs. 6,280 for the first floor and Rs. 6,390 for the second floor. For a Class-A1 brick building using country wood throughout with an RCC slab roof, the corresponding rates were Rs. 6,090, Rs. 5,510 and Rs. 5,620. The Class-A table states a depreciation rate of 1%.