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 governs

The Common Schedule of Plinth Area Rates provides rates for valuing buildings according to plinth area and type of construction. It applies to two purposes:

• Rental calculations by the Government of Tamil Nadu Public Works Department.
• Collection of stamp duty by the Registration Department.

The valuation covers the building and expressly excludes the cost of land. The approved rates were applicable throughout Tamil Nadu, subject to location based additions.

Who may be affected

The Common Schedule of Plinth Area Rates may affect owners of private buildings rented for government offices and parties whose buildings are valued by the Registration Department for stamp duty collection. Public Works Department engineers and field officers were instructed to use the rates for rental calculations.

The schedule may also be relevant to engineers, valuers and property professionals identifying the correct construction class, floor, roof type and location adjustment.

Key provisions

• Rates for items I to XV receive an additional 20% within Chennai Corporation limits and the belt extending 32 km around those limits.
• Rates for items I to XV receive an additional 15% within Coimbatore, Erode and Tiruppur Corporation limits.
• Rates for items I to XV receive an additional 10% within the Corporation limits of Trichy, Madurai, Salem, Tirunelveli, Thoothukudi, Vellore, Thanjavur, Dindigul, Hosur, Nagercoil and Avadi.
• Rates for items I to XV receive an additional 5% within all municipal limits.
• Rates for items I to XV receive an additional 10% for buildings in the Nilgiris, Kodaikanal and Yercaud Hills.
• The supplied Class A table states a depreciation rate of 1%.

Construction categories and rates

The Common Schedule of Plinth Area Rates includes load bearing structures, reinforced cement concrete framed structures, godowns, thatched or tiled roofs, garage buildings, miscellaneous items, services and electrical items.

A load bearing structure uses stone or brick masonry walls to carry 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 example, a Class A load bearing building constructed with brickwork in lime or cement mortar, using teak wood throughout and having a reinforced cement concrete slab roof, is rated at Rs. 10,750 per square metre for the ground floor, Rs. 9,965 for the first floor and Rs. 10,145 for the second floor.