Guideline Value for AGRAHARAM METTU STREET

Agraharam Mettu Street guideline value

The current guideline value of Agraharam Mettu Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Agraharam Mettu Street has changed

Over the years, the guideline value for Agraharam Mettu Street has seen several revisions. The earliest recorded figure is from 2007, when the guideline value was Rs 300 per sq.ft. This value increased significantly to Rs 1,800 per sq.ft in 2012, marking a 500% increase. However, in 2017, the value dropped to Rs 1,206 per sq.ft, reflecting a decrease of 33%. The guideline value then rose to Rs 1,800 per sq.ft in 2023, before reaching the current rate of Rs 1,980 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for Agraharam Mettu Street. Overall, from 2007 to 2024, the guideline value has increased by 560%, highlighting significant fluctuations over the years.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Agraharam Mettu Street's current value below this median.

• Amman Koil Street: Rs 1,980 per sq.ft (2024)
• A.N. Elumalai Salai: Rs 3,300 per sq.ft (2024)
• Ashok Brindavan Nagar: Rs 3,300 per sq.ft (2024)
• Ashok Brindavan Nagarextn.: Rs 3,300 per sq.ft (2024)
• Ashok Brindhavan Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Ashok Brindhavan Nagar 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Agraharam Mettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty, calculated at 7%, comes to Rs 1,38,600, while the registration fee at 2% is Rs 39,600. Together, the total cost for stamp duty and registration fee is Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Agraharam Mettu Street?

The Sub Registrar Office that covers Agraharam Mettu Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Iyyappanthangal

The guideline value is a crucial factor when buying or selling property in Iyyappanthangal. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction process.

When registering a property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Agraharam Mettu Street?

The current guideline value of Agraharam Mettu Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 560% over the years.

What are the stamp duty rates for properties in Agraharam Mettu Street?

The stamp duty for properties in Agraharam Mettu Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Agraharam Mettu Street?

The Sub Registrar Office for Agraharam Mettu Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

What is the land classification for Agraharam Mettu Street?

Agraharam Mettu Street is classified as Residential Class III Type - I, indicating its suitability for residential development.