Guideline Value for ANNA NAGAR METTU STREET

Anna Nagar Mettu Street guideline value

The current guideline value of Anna Nagar Mettu Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village under the Chengleput Joint II SRO, with a land classification of Residential Class I Type - II.

How the guideline value of Anna Nagar Mettu Street has changed

The guideline value for Anna Nagar Mettu Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the latest revision in 2024 has raised it to Rs 550 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft, with a median value of Rs 660 per sq.ft. The guideline value for Anna Nagar Mettu Street is below this median.

• Anna Nagar (Tkr): Rs 550 per sq.ft (2024)
• Amman Koil Street: Rs 550 per sq.ft (2024)
• Akshaya Homes: Rs 2,750 per sq.ft (2024)
• Balaji Gardens: Rs 660 per sq.ft (2024)
• Bharathiyar Street: Rs 550 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Nagar Mettu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Anna Nagar Mettu Street?

The Sub Registrar Office covering Anna Nagar Mettu Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a crucial factor in property transactions in Thirukkachur - 1. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the authorities.

During the registration process, the guideline value helps in assessing the worth of the property, thereby facilitating a transparent transaction. Buyers and sellers should be aware of these values to ensure compliance with legal requirements and to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Anna Nagar Mettu Street?

The current guideline value of Anna Nagar Mettu Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the value increasing from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024. There was a decrease to Rs 335 per sq.ft in 2017 from Rs 500 per sq.ft in 2012.

What is the median guideline value for streets in Thirukkachur - 1?

The median guideline value for streets in Thirukkachur - 1 is Rs 660 per sq.ft, with Anna Nagar Mettu Street's value being below this median.

What are the stamp duty and registration fees for property in Anna Nagar Mettu Street?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Anna Nagar Mettu Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area.