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 2017-2018 (2017)
The Office of the Engineer-in-Chief (Buildings), Chief Engineer (Buildings), Chennai Region and Chief Engineer (General), Public Works Department, through Proceedings No. HDO (B) / 65325 / 2001, dated 11.08.2017, approved statewide plinth area rates for Public Works Department rental calculations and Registration Department stamp duty valuation. The rates took effect on 16.08.2017, excluded land cost and remained in operation until 15.08.2018.
What the schedule covers
Proceedings No. HDO (B) / 65325 / 2001, dated 11.08.2017, issued by the Office of the Engineer-in-Chief (Buildings), Chief Engineer (Buildings), Chennai Region and Chief Engineer (General), Public Works Department, approves a common schedule for valuing buildings by plinth area. It has two stated purposes:
- Calculating building rent through the Public Works Department.
- Valuing buildings for collection of stamp duty by the Registration Department.
The schedule applied from 16.08.2017 to 15.08.2018. Valuation under the schedule covers the building and excludes the cost of land.
Who may be affected
The common schedule may be relevant to owners whose private buildings are occupied by government offices, because Public Works Department engineers were directed to use the rates for rental calculations. It may also be relevant to parties to a property registration where the Registration Department needs to value a building for stamp duty purposes.
The proceedings were communicated to Public Works Department building engineers and the Inspector General of Registration. Field officers fixing a new rent or renewing rent were instructed to follow G.O.Ms.No.329, Finance (Salaries) Department, dated 30.08.2001, to avoid extra financial burden to the Government.
Main valuation provisions
The Annexure provides rates per square metre according to construction class, roof type and floor. The supplied tables include Class-A buildings using teak wood throughout and Class-A1 buildings using country wood throughout. Roof categories include reinforced cement concrete slabs, Madras Terrace, tiled roofs, asbestos cement sheets and galvanised iron sheets.
Geographic additions to rates listed at serial numbers I to XII are:
- 20% within Chennai Corporation limits and the 32 km belt around those limits.
- 15% within Coimbatore, Erode and Tiruppur Corporation limits.
- 10% within Trichy, Madurai, Salem, Tirunelveli, Thoothukudi and Vellore Corporation limits.
- 5% within all municipal limits.
- 10% for buildings in Nilgiris, Kodaikanal and Yercaud Hills.
An additional 10% of the ground floor cost must be included for foundation cost, regardless of the foundation type. The Class-A table also states a depreciation rate of 1%.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does the valuation include the price of the land?
No. The schedule expressly values buildings by plinth area and excludes the cost of land.
Was this schedule still valid after 15 August 2018?
The proceedings state that the approved rates were in operation for one year, from 16.08.2017 up to 15.08.2018.
Is there an additional amount for a building in Chennai?
Yes. For rates listed at serial numbers I to XII, an extra 20% applies within Chennai Corporation limits and the 32 km belt around those limits.
Why would the Registration Department use these rates?
The schedule was approved for valuing buildings for the Registration Department's collection of stamp duty.
